Matrix Asset Advisors Inc. NY Takes $424,000 Position in DocGo Inc. (NASDAQ:DCGO)

Matrix Asset Advisors Inc. NY bought a new stake in DocGo Inc. (NASDAQ:DCGO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the company’s stock, valued at approximately $424,000. Matrix Asset Advisors Inc. NY owned approximately 0.10% of DocGo as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. WCM Investment Management LLC increased its position in DocGo by 0.6% in the third quarter. WCM Investment Management LLC now owns 2,626,971 shares of the company’s stock worth $8,879,000 after buying an additional 15,933 shares during the last quarter. Geode Capital Management LLC grew its position in shares of DocGo by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,252,516 shares of the company’s stock valued at $7,480,000 after purchasing an additional 39,016 shares in the last quarter. State Street Corp grew its position in shares of DocGo by 4.9% in the third quarter. State Street Corp now owns 1,928,972 shares of the company’s stock valued at $6,404,000 after purchasing an additional 90,438 shares in the last quarter. P.A.W. Capital Corp boosted its stake in DocGo by 1.9% during the third quarter. P.A.W. Capital Corp now owns 1,630,000 shares of the company’s stock valued at $5,412,000 after buying an additional 30,000 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in DocGo by 37.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,331,928 shares of the company’s stock valued at $5,647,000 after buying an additional 363,391 shares during the period. 56.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Ely D. Tendler sold 23,088 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.44, for a total value of $102,510.72. Following the completion of the sale, the general counsel now owns 175,645 shares of the company’s stock, valued at approximately $779,863.80. The trade was a 11.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and set a $7.00 price objective on shares of DocGo in a research note on Thursday, January 16th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $6.10.

DocGo Stock Down 4.0 %

Shares of DCGO stock opened at $4.74 on Tuesday. The business has a 50-day moving average price of $4.28 and a two-hundred day moving average price of $3.77. DocGo Inc. has a 12-month low of $2.75 and a 12-month high of $5.05. The firm has a market cap of $483.72 million, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 12.36 and a beta of 0.97.

DocGo (NASDAQ:DCGO) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. DocGo had a return on equity of 8.90% and a net margin of 4.35%. The company had revenue of $138.68 million during the quarter, compared to analyst estimates of $139.59 million. During the same quarter in the previous year, the company posted $0.05 EPS. As a group, research analysts expect that DocGo Inc. will post 0.25 EPS for the current fiscal year.

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.