agilon health (NYSE:AGL) Stock Price Up 8.6% – What’s Next?

agilon health, inc. (NYSE:AGL) was up 8.6% during mid-day trading on Thursday . The company traded as high as $3.71 and last traded at $3.73. Approximately 7,115,106 shares were traded during trading, an increase of 32% from the average daily volume of 5,374,423 shares. The stock had previously closed at $3.43.

Wall Street Analyst Weigh In

AGL has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of agilon health from $7.00 to $2.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Evercore ISI cut their price target on shares of agilon health from $7.00 to $4.00 and set an “in-line” rating for the company in a research report on Tuesday, October 8th. Macquarie assumed coverage on agilon health in a report on Monday, December 16th. They issued a “neutral” rating and a $3.00 price objective on the stock. TD Cowen lowered their target price on agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Finally, Citigroup upgraded agilon health from a “sell” rating to a “neutral” rating and raised their price target for the stock from $1.75 to $2.25 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $4.03.

agilon health Stock Down 6.8 %

The company’s 50 day moving average price is $2.44 and its two-hundred day moving average price is $3.47. The stock has a market cap of $1.38 billion, a P/E ratio of -3.56 and a beta of 0.53. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

agilon health (NYSE:AGL) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.19). agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Equities analysts forecast that agilon health, inc. will post -0.59 earnings per share for the current year.

Insider Buying and Selling at agilon health

In other agilon health news, Director John William Wulf acquired 45,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $2.18 per share, with a total value of $98,100.00. Following the transaction, the director now directly owns 206,133 shares of the company’s stock, valued at $449,369.94. The trade was a 27.93 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Karen Mcloughlin bought 25,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $2.20 per share, with a total value of $55,000.00. Following the completion of the transaction, the director now owns 73,166 shares of the company’s stock, valued at approximately $160,965.20. The trade was a 51.90 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 90,000 shares of company stock worth $198,100 in the last quarter. 3.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On agilon health

Hedge funds have recently made changes to their positions in the company. Oak Thistle LLC purchased a new stake in shares of agilon health during the 4th quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in agilon health in the third quarter worth $28,000. First Citizens Bank & Trust Co. purchased a new position in agilon health during the 4th quarter worth $46,000. Pines Wealth Management LLC acquired a new stake in agilon health in the fourth quarter worth about $51,000. Finally, City State Bank acquired a new stake in agilon health in the 3rd quarter worth approximately $52,000.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.