agilon health (NYSE:AGL) Sets New 1-Year Low at $3.05

agilon health, inc. (NYSE:AGL) hit a new 52-week low on Wednesday . The stock traded as low as $3.05 and last traded at $3.05, with a volume of 436205 shares changing hands. The stock had previously closed at $3.67.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AGL shares. Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price target on shares of agilon health in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price objective on agilon health from $5.00 to $4.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Evercore ISI boosted their price objective on agilon health from $5.50 to $7.00 and gave the company an “in-line” rating in a research report on Tuesday, July 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $9.00 target price on shares of agilon health in a research note on Thursday, August 8th. One investment 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.com, the company currently has a consensus rating of “Hold” and an average price target of $8.57.

agilon health Stock Down 12.3 %

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 firm’s 50 day moving average price is $4.71 and its two-hundred day moving average price is $5.43. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -4.36 and a beta of 0.54.

agilon health (NYSE:AGL) last posted its earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). agilon health had a negative return on equity of 29.91% and a negative net margin of 5.57%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 38.7% on a year-over-year basis. Sell-side analysts anticipate that agilon health, inc. will post -0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Steven Sell purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the transaction, the chief executive officer now owns 67,590 shares of the company’s stock, valued at $227,102.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of agilon health

A number of hedge funds have recently made changes to their positions in AGL. Arizona State Retirement System increased its holdings in agilon health by 2.5% in the second quarter. Arizona State Retirement System now owns 85,989 shares of the company’s stock valued at $562,000 after purchasing an additional 2,070 shares during the period. Swiss National Bank boosted its stake in shares of agilon health by 0.6% in the 1st quarter. Swiss National Bank now owns 602,800 shares of the company’s stock valued at $3,677,000 after purchasing an additional 3,400 shares during the last quarter. J.Safra Asset Management Corp increased its position in shares of agilon health by 626.1% during the second quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock worth $27,000 after buying an additional 3,625 shares during the period. Neo Ivy Capital Management bought a new position in agilon health during the fourth quarter worth $47,000. Finally, Renaissance Capital LLC lifted its holdings in agilon health by 3.0% in the first quarter. Renaissance Capital LLC now owns 191,122 shares of the company’s stock valued at $1,166,000 after buying an additional 5,551 shares during the period.

About agilon health

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.