DocGo (NASDAQ:DCGO) Price Target Cut to $4.00 by Analysts at Needham & Company LLC

DocGo (NASDAQ:DCGO) had its price target lowered by Needham & Company LLC from $7.00 to $4.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

DocGo Stock Down 21.2 %

Shares of NASDAQ DCGO opened at $3.09 on Friday. The firm’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $4.02. DocGo has a 52-week low of $2.75 and a 52-week high of $5.68. The stock has a market capitalization of $315.34 million, a P/E ratio of 11.04, a P/E/G ratio of 14.16 and a beta of 1.00.

Insider Buying and Selling

In related news, General Counsel Ely D. Tendler sold 23,088 shares of DocGo stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $4.44, for a total value of $102,510.72. Following the sale, the general counsel now directly owns 175,645 shares in the company, valued at $779,863.80. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

Institutional Trading of DocGo

Several hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in shares of DocGo by 1.3% during the fourth quarter. Invesco Ltd. now owns 177,953 shares of the company’s stock valued at $755,000 after purchasing an additional 2,312 shares during the period. Summit Investment Advisors Inc. increased its stake in DocGo by 38.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company’s stock valued at $45,000 after buying an additional 2,968 shares during the period. SG Americas Securities LLC raised its position in shares of DocGo by 12.9% during the 4th quarter. SG Americas Securities LLC now owns 43,052 shares of the company’s stock worth $183,000 after buying an additional 4,905 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of DocGo by 4.5% in the 4th quarter. Rhumbline Advisers now owns 142,762 shares of the company’s stock worth $605,000 after acquiring an additional 6,204 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of DocGo by 12.3% in the fourth quarter. Victory Capital Management Inc. now owns 57,649 shares of the company’s stock valued at $244,000 after acquiring an additional 6,300 shares in the last quarter. Institutional investors own 56.44% of the company’s stock.

DocGo Company Profile

DocGo Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.