DocGo Inc. (NASDAQ:DCGO) Short Interest Down 15.2% in March

DocGo Inc. (NASDAQ:DCGO) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 6,540,000 shares, a drop of 15.2% from the February 28th total of 7,710,000 shares. Currently, 7.5% of the company’s stock are sold short. Based on an average daily volume of 818,200 shares, the days-to-cover ratio is currently 8.0 days.

Analysts Set New Price Targets

A number of research firms recently commented on DCGO. Needham & Company LLC decreased their price target on DocGo from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus lowered their price target on DocGo from $6.50 to $5.50 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lowered DocGo from a “buy” rating to a “hold” rating and dropped their price target for the company from $5.00 to $2.85 in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Centiva Capital LP bought a new stake in DocGo in the third quarter valued at $43,000. Summit Investment Advisors Inc. lifted its position in DocGo by 38.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company’s stock valued at $45,000 after purchasing an additional 2,968 shares during the last quarter. Prudential Financial Inc. acquired a new position in DocGo during the 4th quarter valued at about $55,000. Intech Investment Management LLC acquired a new position in DocGo during the 3rd quarter valued at about $62,000. Finally, Royce & Associates LP bought a new position in DocGo in the 4th quarter worth about $64,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

DocGo Stock Down 5.0 %

Shares of NASDAQ:DCGO traded down $0.14 during trading on Thursday, hitting $2.56. 77,075 shares of the company traded hands, compared to its average volume of 753,440. The business’s fifty day moving average is $3.94 and its 200-day moving average is $3.90. The stock has a market capitalization of $260.57 million, a price-to-earnings ratio of 9.20, a PEG ratio of 14.16 and a beta of 1.08. DocGo has a one year low of $2.51 and a one year high of $5.68.

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.