State Board of Administration of Florida Retirement System Invests $83,000 in DocGo Inc. (NASDAQ:DCGO)

State Board of Administration of Florida Retirement System acquired a new position in DocGo Inc. (NASDAQ:DCGO – Get Rating) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,710 shares of the company’s stock, valued at approximately $83,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AlphaCentric Advisors LLC acquired a new stake in shares of DocGo in the fourth quarter worth $778,000. WCM Investment Management LLC bought a new stake in DocGo in the 4th quarter valued at $7,275,000. SG Americas Securities LLC grew its holdings in shares of DocGo by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 25,309 shares of the company’s stock worth $179,000 after purchasing an additional 8,218 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of DocGo in the 4th quarter worth about $75,000. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of DocGo in the 4th quarter worth about $354,000. 36.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of DocGo in a report on Friday, April 21st. Cantor Fitzgerald assumed coverage on shares of DocGo in a report on Thursday, April 20th. They set an “overweight” rating and a $11.00 price objective on the stock.

Insider Buying and Selling

In related news, Director James M. Travers sold 60,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $8.55, for a total transaction of $513,000.00. Following the transaction, the director now directly owns 456,028 shares in the company, valued at $3,899,039.40. The sale was disclosed in a filing with the SEC, which is available through this link. 13.78% of the stock is owned by corporate insiders.

DocGo Price Performance

DocGo stock opened at $8.91 on Wednesday. The company’s 50 day simple moving average is $8.40 and its 200 day simple moving average is $8.20. DocGo Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $11.41. The firm has a market capitalization of $921.92 million, a price-to-earnings ratio of 44.55 and a beta of 0.93.

DocGo (NASDAQ:DCGO – Get Rating) last announced its quarterly earnings results on Monday, March 13th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. DocGo had a net margin of 4.70% and a return on equity of 7.05%. The firm had revenue of $108.79 million for the quarter, compared to analyst estimates of $104.13 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. As a group, analysts predict that DocGo Inc. will post 0.28 EPS for the current fiscal year.

DocGo Profile

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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.