Shares of DocGo Inc. (NASDAQ:DCGO - Get Free Report) dropped 8.4% during mid-day trading on Thursday . The stock traded as low as $5.05 and last traded at $5.05. Approximately 459,140 shares traded hands during trading, a decline of 17% from the average daily volume of 551,654 shares. The stock had previously closed at $5.51.
Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $7.00 price objective on shares of DocGo in a report on Thursday, January 16th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $6.10.
Check Out Our Latest Research Report on DCGO
The stock has a fifty day moving average of $4.60 and a 200-day moving average of $3.98. The stock has a market cap of $513.31 million, a PE ratio of 17.96, a price-to-earnings-growth ratio of 15.77 and a beta of 1.00.
In related news, General Counsel Ely D. Tendler sold 23,088 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.44, for a total transaction of $102,510.72. Following the transaction, the general counsel now owns 175,645 shares of the company's stock, valued at $779,863.80. This trade represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.70% of the company's stock.
Institutional investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. boosted its holdings in DocGo by 38.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company's stock valued at $45,000 after purchasing an additional 2,968 shares in the last quarter. Centiva Capital LP purchased a new stake in DocGo in the 3rd quarter valued at approximately $43,000. Prudential Financial Inc. purchased a new stake in DocGo in the 4th quarter valued at approximately $55,000. Royce & Associates LP purchased a new stake in DocGo in the 4th quarter valued at approximately $64,000. Finally, Intech Investment Management LLC purchased a new stake in DocGo in the 3rd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 56.44% of the company's stock.
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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