WCM Investment Management LLC Has $18.64 Million Stock Holdings in DocGo Inc. (NASDAQ:DCGO)

WCM Investment Management LLC raised its holdings in DocGo Inc. (NASDAQ:DCGO) by 64.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,314,071 shares of the company’s stock after buying an additional 1,687,100 shares during the quarter. WCM Investment Management LLC’s holdings in DocGo were worth $18,637,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in DocGo by 144.6% during the third quarter. Harbor Capital Advisors Inc. now owns 968,537 shares of the company’s stock worth $3,216,000 after acquiring an additional 572,522 shares during the period. AQR Capital Management LLC lifted its stake in shares of DocGo by 58.5% in the second quarter. AQR Capital Management LLC now owns 344,963 shares of the company’s stock valued at $1,066,000 after buying an additional 127,320 shares during the period. Franklin Resources Inc. grew its position in DocGo by 11.6% during the third quarter. Franklin Resources Inc. now owns 1,199,086 shares of the company’s stock worth $3,933,000 after buying an additional 124,348 shares in the last quarter. Matrix Asset Advisors Inc. NY bought a new position in DocGo during the fourth quarter valued at about $424,000. Finally, Barclays PLC raised its holdings in DocGo by 279.7% in the 3rd quarter. Barclays PLC now owns 134,923 shares of the company’s stock valued at $447,000 after acquiring an additional 99,387 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DocGo

In related news, General Counsel Ely D. Tendler sold 23,088 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $4.44, for a total transaction of $102,510.72. Following the sale, the general counsel now directly owns 175,645 shares in the company, valued at $779,863.80. This represents a 11.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

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

DocGo Trading Up 2.6 %

NASDAQ DCGO opened at $5.04 on Friday. DocGo Inc. has a 1-year low of $2.75 and a 1-year high of $5.12. The company has a market capitalization of $514.34 million, a price-to-earnings ratio of 18.00, a PEG ratio of 13.82 and a beta of 1.00. The stock’s 50 day moving average is $4.39 and its two-hundred day moving average is $3.86.

DocGo (NASDAQ:DCGO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. DocGo had a return on equity of 8.90% and a net margin of 4.35%. The business had revenue of $138.68 million for the quarter, compared to analyst estimates of $139.59 million. During the same quarter in the previous year, the firm earned $0.05 EPS. On average, analysts predict that DocGo Inc. will post 0.25 earnings per share for the current year.

DocGo Company Profile

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.