Brokerages Set DocGo Inc. (NASDAQ:DCGO) Price Target at $4.89

DocGo Inc. (NASDAQ:DCGO) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.89.

DCGO has been the topic of a number of analyst reports. Needham & Company LLC lowered their target price on shares of DocGo from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft lowered DocGo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $5.00 to $2.85 in a research note on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price on DocGo from $6.50 to $5.50 and set a “buy” rating on the stock in a research note on Friday, February 28th.

Institutional Investors Weigh In On DocGo

A number of hedge funds have recently made changes to their positions in the company. Centiva Capital LP bought a new stake in DocGo in the 3rd quarter worth approximately $43,000. Summit Investment Advisors Inc. increased its position in DocGo by 38.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company’s stock worth $45,000 after purchasing an additional 2,968 shares during the last quarter. Prudential Financial Inc. purchased a new stake in DocGo during the fourth quarter valued at $55,000. Intech Investment Management LLC bought a new position in DocGo during the third quarter valued at $62,000. Finally, Royce & Associates LP purchased a new position in shares of DocGo in the 4th quarter worth $64,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

DocGo Price Performance

Shares of NASDAQ:DCGO opened at $2.64 on Tuesday. The company has a market capitalization of $269.24 million, a P/E ratio of 9.43, a P/E/G ratio of 14.16 and a beta of 1.08. DocGo has a 1-year low of $2.51 and a 1-year high of $5.68. The firm’s 50 day simple moving average is $4.00 and its two-hundred day simple moving average is $3.91.

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.