agilon health (NYSE:AGL) Shares Gap Up Following Insider Buying Activity

agilon health, inc. (NYSE:AGL)’s stock price gapped up before the market opened on Tuesday after an insider bought additional shares in the company. The stock had previously closed at $3.28, but opened at $3.46. agilon health shares last traded at $3.52, with a volume of 381,484 shares trading hands.

Specifically, CEO Steven Sell bought 20,000 shares of agilon health stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 67,590 shares of the company’s stock, valued at $227,102.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Analyst Ratings Changes

AGL has been the topic of several recent analyst reports. Robert W. Baird started coverage on agilon health in a research report on Thursday, May 30th. They set a “neutral” rating and a $6.00 price target on the stock. Benchmark reissued a “buy” rating and issued a $9.00 price target on shares of agilon health in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of agilon health from $5.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Truist Financial increased their target price on shares of agilon health from $6.40 to $6.50 and gave the stock a “hold” rating in a research report on Friday, May 24th. Finally, Baird R W upgraded agilon health to a “hold” rating in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.57.

agilon health Trading Up 10.8 %

The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -5.19 and a beta of 0.54. 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 company has a fifty day moving average of $5.30 and a two-hundred day moving average of $5.56.

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

Institutional Investors Weigh In On agilon health

A number of hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of agilon health in the second quarter worth about $197,000. Quarry LP grew its holdings in agilon health by 500.3% in the 2nd quarter. Quarry LP now owns 18,254 shares of the company’s stock valued at $119,000 after buying an additional 15,213 shares during the last quarter. Creative Planning increased its position in agilon health by 118.5% in the 2nd quarter. Creative Planning now owns 66,824 shares of the company’s stock worth $437,000 after buying an additional 36,241 shares during the period. Algert Global LLC lifted its holdings in shares of agilon health by 398.6% during the second quarter. Algert Global LLC now owns 102,407 shares of the company’s stock worth $670,000 after buying an additional 81,867 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of agilon health by 65.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 804,594 shares of the company’s stock valued at $5,262,000 after acquiring an additional 316,856 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.