agilon health (NYSE:AGL) Trading Down 7.9% – Here’s What Happened

agilon health, inc. (NYSE:AGL) shares traded down 7.9% on Thursday . The company traded as low as $3.25 and last traded at $3.23. 2,021,142 shares changed hands during trading, a decline of 60% from the average session volume of 5,055,943 shares. The stock had previously closed at $3.50.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AGL shares. Royal Bank of Canada restated an “outperform” rating and issued a $3.00 target price on shares of agilon health in a research note on Tuesday, November 19th. Needham & Company LLC assumed coverage on agilon health in a report on Friday, January 10th. They set a “hold” rating for the company. Sanford C. Bernstein upped their target price on agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a research report on Wednesday, January 15th. TD Cowen reduced their price target on shares of agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Finally, William Blair downgraded shares of agilon health from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.03.

agilon health Stock Down 7.9 %

The business has a 50-day moving average price of $2.52 and a 200-day moving average price of $3.36. The stock has a market cap of $1.33 billion, a PE ratio of -3.43 and a beta of 0.66. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

agilon health (NYSE:AGL) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.19). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. During the same period in the previous year, the business earned ($0.06) earnings per share. As a group, analysts forecast that agilon health, inc. will post -0.59 earnings per share for the current year.

Insider Activity

In related news, Director Diana Mckenzie purchased 12,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $2.28 per share, for a total transaction of $28,500.00. Following the completion of the transaction, the director now directly owns 51,319 shares of the company’s stock, valued at approximately $117,007.32. This trade represents a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Karen Mcloughlin acquired 25,000 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $2.20 per share, for a total transaction of $55,000.00. Following the purchase, the director now directly owns 73,166 shares of the company’s stock, valued at $160,965.20. The trade was a 51.90 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 90,000 shares of company stock worth $198,100 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of agilon health

Several institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of agilon health in the third quarter valued at approximately $28,000. Oak Thistle LLC purchased a new position in agilon health in the 4th quarter valued at approximately $25,000. City State Bank acquired a new position in shares of agilon health in the third quarter worth $52,000. Ieq Capital LLC purchased a new stake in shares of agilon health during the fourth quarter worth $26,000. Finally, Aigen Investment Management LP acquired a new stake in shares of agilon health in the third quarter valued at $79,000.

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.