agilon health (NYSE:AGL) Reaches New 1-Year Low – Should You Sell?

agilon health, inc. (NYSE:AGL)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $1.88 and last traded at $1.88, with a volume of 245464 shares traded. The stock had previously closed at $2.79.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup reissued a “sell” rating and issued a $2.50 price target (down previously from $7.00) on shares of agilon health in a research report on Tuesday, October 29th. Benchmark reissued a “buy” rating and set a $9.00 price objective on shares of agilon health in a report on Thursday, August 8th. William Blair cut shares of agilon health from an “outperform” rating to a “market perform” rating in a report on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 price target on shares of agilon health in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, agilon health has an average rating of “Hold” and a consensus price target of $7.81.

agilon health Stock Down 29.4 %

The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $3.31 and a 200-day moving average price of $5.00. The firm has a market cap of $810.62 million, a price-to-earnings ratio of -2.70 and a beta of 0.60.

agilon health (NYSE:AGL) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). agilon health had a negative net margin of 5.57% and a negative return on equity of 29.91%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. On average, equities analysts forecast that agilon health, inc. will post -0.32 EPS for the current year.

Insider Buying and Selling at agilon health

In other news, CEO Steven Sell bought 20,000 shares of agilon health stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the acquisition, the chief executive officer now owns 67,590 shares in the company, valued at approximately $227,102.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by insiders.

Hedge Funds Weigh In On agilon health

Several large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System raised its holdings in agilon health by 2.5% in the second quarter. Arizona State Retirement System now owns 85,989 shares of the company’s stock valued at $562,000 after buying an additional 2,070 shares during the period. Swiss National Bank increased its position in shares of agilon health by 0.6% during the first quarter. Swiss National Bank now owns 602,800 shares of the company’s stock worth $3,677,000 after acquiring an additional 3,400 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in agilon health by 626.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock valued at $27,000 after acquiring an additional 3,625 shares during the last quarter. CWM LLC raised its stake in agilon health by 406.5% during the second quarter. CWM LLC now owns 9,081 shares of the company’s stock valued at $59,000 after buying an additional 7,288 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of agilon health by 166.2% during the second quarter. Signaturefd LLC now owns 11,848 shares of the company’s stock worth $77,000 after purchasing an additional 7,398 shares during the period.

agilon health Company Profile

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.