DocGo (NASDAQ:DCGO) Shares Up 0.4%

DocGo Inc. (NASDAQ:DCGO – Get Rating)’s share price shot up 0.4% during trading on Thursday . The company traded as high as $7.56 and last traded at $7.51. 7,270 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 728,289 shares. The stock had previously closed at $7.48.

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group lowered their target price on DocGo from $13.00 to $10.00 in a research note on Wednesday, May 11th. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of DocGo in a research note on Wednesday, May 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on DocGo in a research note on Tuesday, April 19th. They set a “buy” rating and a $11.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.00.

The business has a fifty day moving average price of $7.17 and a 200 day moving average price of $7.64.

DocGo (NASDAQ:DCGO – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $117.89 million for the quarter, compared to analyst estimates of $108.09 million. On average, research analysts anticipate that DocGo Inc. will post 0.25 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in DCGO. Qube Research & Technologies Ltd bought a new position in DocGo during the fourth quarter valued at about $776,000. Emerald Advisers LLC bought a new position in DocGo during the fourth quarter valued at about $599,000. Emerald Mutual Fund Advisers Trust bought a new position in DocGo during the fourth quarter valued at about $132,000. NewGen Asset Management Ltd bought a new position in DocGo during the fourth quarter valued at about $6,545,000. Finally, Monashee Investment Management LLC bought a new position in DocGo during the fourth quarter valued at about $7,013,000. 16.03% of the stock is owned by institutional investors and hedge funds.

DocGo Company Profile (NASDAQ:DCGO)

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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