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:DCGOGet Rating) in the fourth quarter, Holdings 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:DCGOGet 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

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for DocGo (NASDAQ:DCGO)

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