agilon health (NYSE:AGL) Shares Gap Up After Better-Than-Expected Earnings

agilon health, inc. (NYSE:AGL)’s stock price gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $4.46, but opened at $4.71. agilon health shares last traded at $3.58, with a volume of 1,451,565 shares changing hands.

The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm earned ($0.02) earnings per share. agilon health’s revenue was down 4.5% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AGL. Citigroup raised shares of agilon health from a “neutral” rating to a “buy” rating and upped their target price for the stock from $3.25 to $5.00 in a research report on Friday, April 25th. Royal Bank of Canada lifted their target price on shares of agilon health from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, February 26th. JMP Securities reiterated a “market perform” rating on shares of agilon health in a research note on Monday, April 28th. The Goldman Sachs Group increased their target price on agilon health from $2.50 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Barclays lifted their price target on agilon health from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.89.

Institutional Investors Weigh In On agilon health

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of agilon health by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,112,407 shares of the company’s stock valued at $59,114,000 after buying an additional 272,787 shares during the period. Capital International Investors lifted its holdings in agilon health by 72.0% in the fourth quarter. Capital International Investors now owns 22,331,873 shares of the company’s stock valued at $42,431,000 after acquiring an additional 9,346,295 shares during the period. Millennium Management LLC grew its stake in shares of agilon health by 187.8% during the 4th quarter. Millennium Management LLC now owns 7,212,525 shares of the company’s stock valued at $13,704,000 after purchasing an additional 4,706,357 shares during the period. Geode Capital Management LLC grew its stake in shares of agilon health by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,928,724 shares of the company’s stock valued at $13,168,000 after purchasing an additional 35,207 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of agilon health by 49.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,541,549 shares of the company’s stock valued at $8,629,000 after purchasing an additional 1,498,524 shares during the period.

agilon health Stock Down 5.2 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $1.33 billion, a PE ratio of -3.42 and a beta of 0.38. The company’s 50-day moving average price is $4.28 and its 200 day moving average price is $3.19.

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.