XTX Topco Ltd Invests $211,000 in DocGo Inc. (NASDAQ:DCGO)

XTX Topco Ltd acquired a new stake in DocGo Inc. (NASDAQ:DCGO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 68,209 shares of the company’s stock, valued at approximately $211,000. XTX Topco Ltd owned about 0.07% of DocGo at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of DocGo by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,857,416 shares of the company’s stock valued at $19,624,000 after purchasing an additional 52,571 shares during the last quarter. P.A.W. Capital Corp grew its holdings in DocGo by 6.7% during the 2nd quarter. P.A.W. Capital Corp now owns 1,600,000 shares of the company’s stock valued at $4,944,000 after buying an additional 100,000 shares during the last quarter. S Squared Technology LLC increased its position in DocGo by 36.7% during the fourth quarter. S Squared Technology LLC now owns 1,024,438 shares of the company’s stock worth $5,727,000 after buying an additional 275,000 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of DocGo by 32.4% in the second quarter. Isthmus Partners LLC now owns 799,296 shares of the company’s stock valued at $25,000 after acquiring an additional 195,428 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of DocGo by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 396,015 shares of the company’s stock valued at $1,224,000 after acquiring an additional 289,964 shares during the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

DocGo Price Performance

DCGO opened at $3.38 on Monday. DocGo Inc. has a 12 month low of $2.75 and a 12 month high of $6.90. The business has a 50-day moving average of $3.50 and a two-hundred day moving average of $3.39. The stock has a market capitalization of $343.29 million, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92.

DocGo (NASDAQ:DCGO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). DocGo had a net margin of 3.97% and a return on equity of 8.90%. The company had revenue of $164.95 million during the quarter, compared to analyst estimates of $166.61 million. Equities research analysts anticipate that DocGo Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DCGO shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of DocGo in a research note on Friday, September 20th. Needham & Company LLC reissued a “buy” rating and set a $7.00 price objective on shares of DocGo in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $6.10.

About DocGo

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.