agilon health (NYSE:AGL) Shares Gap Up to $4.98

agilon health, inc. (NYSE:AGL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $4.98, but opened at $5.30. agilon health shares last traded at $5.35, with a volume of 1,631,980 shares changing hands.

Analysts Set New Price Targets

AGL has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their price objective on shares of agilon health from $11.00 to $8.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Benchmark dropped their target price on shares of agilon health from $13.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Citigroup initiated coverage on shares of agilon health in a research report on Monday, April 22nd. They issued a “neutral” rating and a $6.00 target price on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $6.50 target price (down previously from $25.00) on shares of agilon health in a research report on Monday, February 26th. Finally, Truist Financial dropped 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.32.

agilon health Stock Up 1.3 %

The business’s 50 day moving average price is $5.31 and its 200-day moving average price is $8.64. The firm has a market capitalization of $2.16 billion, a PE ratio of -8.09 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.51 and a current ratio of 1.51.

agilon health (NYSE:AGL) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). agilon health had a negative net margin of 5.76% and a negative return on equity of 21.74%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted ($0.14) earnings per share. agilon health’s revenue was up 71.8% on a year-over-year basis. As a group, equities research analysts forecast that agilon health, inc. will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AGL. SG Americas Securities LLC boosted its holdings in shares of agilon health by 98.3% in the 3rd quarter. SG Americas Securities LLC now owns 12,886 shares of the company’s stock valued at $229,000 after buying an additional 6,389 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in agilon health by 6.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,045,397 shares of the company’s stock worth $18,566,000 after purchasing an additional 61,703 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in agilon health by 18.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,206 shares of the company’s stock worth $856,000 after purchasing an additional 7,344 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in agilon health by 17.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,452 shares of the company’s stock worth $274,000 after purchasing an additional 2,349 shares during the period. Finally, TD Asset Management Inc boosted its stake in agilon health by 31.3% during the 3rd quarter. TD Asset Management Inc now owns 1,520,066 shares of the company’s stock worth $26,996,000 after purchasing an additional 362,565 shares during the period.

agilon health Company Profile

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.