Analysts Set DocGo Inc. (NASDAQ:DCGO) Target Price at $6.10

DocGo Inc. (NASDAQ:DCGOGet Free Report) has received an average rating of “Buy” from the five analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.10.

A number of research analysts have commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price objective 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 target on shares of DocGo in a research report on Thursday, August 8th.

Get Our Latest Stock Report on DCGO

Institutional Investors Weigh In On DocGo

A number of hedge funds have recently bought and sold shares of DCGO. Victory Capital Management Inc. boosted its stake in DocGo by 100.3% during the 3rd quarter. Victory Capital Management Inc. now owns 51,349 shares of the company’s stock valued at $170,000 after acquiring an additional 25,714 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of DocGo by 19.7% during the third quarter. GSA Capital Partners LLP now owns 445,805 shares of the company’s stock worth $1,480,000 after purchasing an additional 73,456 shares during the last quarter. WCM Investment Management LLC grew its stake 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 purchasing an additional 15,933 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in DocGo by 144.6% in the third quarter. Harbor Capital Advisors Inc. now owns 968,537 shares of the company’s stock worth $3,216,000 after purchasing an additional 572,522 shares in the last quarter. Finally, P.A.W. Capital Corp increased its holdings in DocGo by 1.9% in 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 last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

DocGo Stock Performance

Shares of NASDAQ:DCGO opened at $3.61 on Tuesday. The stock has a 50-day simple moving average of $3.44 and a 200-day simple moving average of $3.32. The stock has a market capitalization of $369.38 million, a P/E ratio of 12.89, a PEG ratio of 2.88 and a beta of 0.89. DocGo has a 1 year low of $2.75 and a 1 year high of $6.36.

DocGo (NASDAQ:DCGOGet Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $164.95 million for the quarter, compared to analysts’ expectations of $166.61 million. DocGo had a return on equity of 8.90% and a net margin of 3.97%. Analysts predict that DocGo will post 0.23 earnings per share for the current year.

DocGo Company Profile

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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.

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Analyst Recommendations for DocGo (NASDAQ:DCGO)

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