Geode Capital Management LLC Purchases 39,016 Shares of DocGo Inc. (NASDAQ:DCGO)

Geode Capital Management LLC raised its position in shares of DocGo Inc. (NASDAQ:DCGO) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,252,516 shares of the company’s stock after buying an additional 39,016 shares during the quarter. Geode Capital Management LLC owned about 2.20% of DocGo worth $7,480,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. nVerses Capital LLC lifted its position in DocGo by 151.5% during the second quarter. nVerses Capital LLC now owns 8,300 shares of the company’s stock valued at $26,000 after acquiring an additional 5,000 shares during the last quarter. Centiva Capital LP acquired a new position in shares of DocGo during the third quarter worth $43,000. Intech Investment Management LLC purchased a new stake in shares of DocGo during the 3rd quarter valued at $62,000. Victory Capital Management Inc. boosted its position in shares of DocGo by 124.0% in the 2nd quarter. Victory Capital Management Inc. now owns 25,635 shares of the company’s stock worth $79,000 after purchasing an additional 14,191 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in DocGo by 97.5% during the 3rd quarter. SG Americas Securities LLC now owns 38,147 shares of the company’s stock worth $127,000 after buying an additional 18,835 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of DocGo in a research note on Friday, September 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $6.10.

Insider Buying and Selling

In related news, General Counsel Ely D. Tendler sold 23,088 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $4.44, for a total value of $102,510.72. Following the transaction, the general counsel now owns 175,645 shares in the company, valued at approximately $779,863.80. This represents a 11.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by company insiders.

DocGo Trading Up 1.2 %

NASDAQ:DCGO opened at $4.29 on Friday. The company has a market capitalization of $437.80 million, a P/E ratio of 15.32, a PEG ratio of 3.94 and a beta of 0.98. DocGo Inc. has a 12 month low of $2.75 and a 12 month high of $5.19. The firm has a fifty day simple moving average of $4.09 and a 200-day simple moving average of $3.60.

DocGo 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.