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

DocGo Inc. (NASDAQ:DCGO) 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.

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:DCGO) 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

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.