agilon health (NYSE:AGL) Shares Gap Up – What’s Next?

agilon health, inc. (NYSE:AGL) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.25, but opened at $5.41. agilon health shares last traded at $5.57, with a volume of 2,663,886 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on AGL shares. Macquarie began coverage on shares of agilon health in a research report on Monday, December 16th. They issued a “neutral” rating and a $3.00 price target for the company. Stifel Nicolaus upped their target price on shares of agilon health from $2.00 to $3.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Citigroup upgraded shares of agilon health from a “sell” rating to a “neutral” rating and increased their target price for the stock from $1.75 to $2.25 in a research note on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of agilon health in a research report on Friday, March 21st. Finally, Sanford C. Bernstein raised agilon health from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $3.30 to $8.50 in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.37.

agilon health Stock Up 25.1 %

The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -5.70 and a beta of 0.38. The firm’s 50 day moving average is $3.76 and its two-hundred day moving average is $2.99. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On agilon health

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in agilon health by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 31,112,407 shares of the company’s stock worth $59,114,000 after buying an additional 272,787 shares during the period. Capital International Investors lifted its holdings in shares of agilon health by 72.0% during the 4th quarter. Capital International Investors now owns 22,331,873 shares of the company’s stock worth $42,431,000 after acquiring an additional 9,346,295 shares during the period. State Street Corp boosted its position in shares of agilon health by 3.0% in the third quarter. State Street Corp now owns 7,449,706 shares of the company’s stock worth $29,277,000 after acquiring an additional 215,733 shares during the last quarter. Millennium Management LLC grew its holdings in agilon health by 187.8% in the fourth quarter. Millennium Management LLC now owns 7,212,525 shares of the company’s stock valued at $13,704,000 after purchasing an additional 4,706,357 shares during the period. Finally, Geode Capital Management LLC increased its position in agilon health by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,928,724 shares of the company’s stock worth $13,168,000 after purchasing an additional 35,207 shares during the last quarter.

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.