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

Shares of agilon health, inc. (NYSE:AGL) gapped up prior to trading on Thursday after an insider bought additional shares in the company. The stock had previously closed at $1.99, but opened at $2.09. agilon health shares last traded at $2.16, with a volume of 646,589 shares trading hands.

Specifically, Director John William Wulf bought 45,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $2.18 per share, for a total transaction of $98,100.00. Following the transaction, the director now owns 206,133 shares of the company’s stock, valued at approximately $449,369.94. This trade represents a 27.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Diana Mckenzie acquired 12,500 shares of agilon health stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average price of $2.28 per share, with a total value of $28,500.00. Following the purchase, the director now directly owns 51,319 shares of the company’s stock, valued at approximately $117,007.32. This trade represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Analyst Ratings Changes

Several analysts have weighed in on AGL shares. Stifel Nicolaus lowered their target price on agilon health from $7.00 to $2.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. JMP Securities cut shares of agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Sanford C. Bernstein assumed coverage on shares of agilon health in a research report on Wednesday. They set a “market perform” rating and a $2.50 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $3.00 price target on shares of agilon health in a report on Tuesday, November 19th. Finally, William Blair cut shares of agilon health from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, agilon health currently has an average rating of “Hold” and a consensus price target of $4.38.

agilon health Trading Up 12.1 %

The firm’s 50 day simple moving average is $2.46 and its 200-day simple moving average is $4.42. The company has a market capitalization of $918.80 million, a PE ratio of -2.37 and a beta of 0.51. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.06.

agilon health (NYSE:AGL) last issued its earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.19). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. agilon health had a negative return on equity of 47.84% and a negative net margin of 6.88%. During the same period in the previous year, the company earned ($0.06) EPS. As a group, equities research analysts anticipate that agilon health, inc. will post -0.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Arizona State Retirement System grew its holdings in agilon health by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 85,989 shares of the company’s stock worth $562,000 after acquiring an additional 2,070 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of agilon health during the 3rd quarter valued at approximately $28,000. CWM LLC lifted its stake in agilon health by 406.5% during the second quarter. CWM LLC now owns 9,081 shares of the company’s stock worth $59,000 after purchasing an additional 7,288 shares during the last quarter. Signaturefd LLC boosted its holdings in agilon health by 166.2% in the second quarter. Signaturefd LLC now owns 11,848 shares of the company’s stock worth $77,000 after purchasing an additional 7,398 shares during the period. Finally, Wedbush Securities Inc. increased its stake in agilon health by 72.6% during the second quarter. Wedbush Securities Inc. now owns 20,710 shares of the company’s stock valued at $135,000 after purchasing an additional 8,710 shares during the last quarter.

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.