DocGo (NASDAQ:DCGO) Sets New 1-Year High – Time to Buy?

DocGo Inc. (NASDAQ:DCGO)’s share price reached a new 52-week high on Monday . The company traded as high as $5.33 and last traded at $5.15, with a volume of 119313 shares. The stock had previously closed at $5.04.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “buy” rating and set a $7.00 price objective on shares of DocGo in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $6.10.

DocGo Stock Up 0.2 %

The firm has a market cap of $556.17 million, a PE ratio of 19.46, a price-to-earnings-growth ratio of 13.82 and a beta of 1.00. The stock has a 50 day moving average price of $4.44 and a two-hundred day moving average price of $3.89.

Insiders Place Their Bets

In related news, General Counsel Ely D. Tendler sold 23,088 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $4.44, for a total value of $102,510.72. Following the completion of the transaction, the general counsel now owns 175,645 shares in the company, valued at $779,863.80. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by insiders.

Institutional Trading of DocGo

Several large investors have recently added to or reduced their stakes in DCGO. Centiva Capital LP purchased a new position in shares of DocGo in the third quarter worth about $43,000. Prudential Financial Inc. acquired a new position in DocGo in the 4th quarter worth approximately $55,000. Intech Investment Management LLC purchased a new position in DocGo during the 3rd quarter worth approximately $62,000. Royce & Associates LP acquired a new stake in DocGo during the 4th quarter valued at approximately $64,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of DocGo by 31.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,401 shares of the company’s stock valued at $125,000 after acquiring an additional 9,696 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

About DocGo

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.