agilon health (NYSE:AGL) Trading 5% Higher

agilon health, inc. (NYSE:AGL)’s stock price was up 5% during trading on Wednesday . The stock traded as high as $5.29 and last traded at $5.24. Approximately 475,439 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 6,132,534 shares. The stock had previously closed at $4.99.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial cut their target price on shares of agilon health from $10.00 to $7.50 and set a “hold” rating on the stock in a research report on Thursday, February 29th. TD Cowen lowered agilon health from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $12.00 to $6.50 in a research report on Monday, February 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $6.50 price objective (down from $25.00) on shares of agilon health in a research report on Monday, February 26th. Leerink Partnrs downgraded shares of agilon health from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. lowered shares of agilon health from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $9.00 in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.73.

agilon health Stock Performance

The stock has a market cap of $2.50 billion, a price-to-earnings ratio of -9.38 and a beta of 0.49. The company’s fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $11.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.51.

agilon health (NYSE:AGL) last posted its earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. agilon health had a negative return on equity of 21.74% and a negative net margin of 5.76%. The company’s revenue was up 71.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) earnings per share. On average, analysts forecast that agilon health, inc. will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Huntington National Bank boosted its holdings in agilon health by 241.3% during the 2nd quarter. Huntington National Bank now owns 1,512 shares of the company’s stock worth $26,000 after acquiring an additional 1,069 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in agilon health by 41.2% during the first quarter. First Horizon Advisors Inc. now owns 1,553 shares of the company’s stock worth $37,000 after purchasing an additional 453 shares during the last quarter. CWM LLC grew its position in agilon health by 83.7% in the 3rd quarter. CWM LLC now owns 1,585 shares of the company’s stock worth $28,000 after purchasing an additional 722 shares in the last quarter. Signaturefd LLC increased its stake in agilon health by 73.7% in the 3rd quarter. Signaturefd LLC now owns 1,673 shares of the company’s stock valued at $30,000 after buying an additional 710 shares during the last quarter. Finally, Ronald Blue Trust Inc. bought a new position in shares of agilon health during the 3rd quarter worth approximately $38,000.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.