Needham & Company LLC Has Lowered Expectations for DocGo (NASDAQ:DCGO) Stock Price

DocGo (NASDAQ:DCGO) had its price target lowered by stock analysts at Needham & Company LLC from $7.00 to $4.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 2.04% from the company’s previous close.

DocGo Trading Down 3.4 %

DocGo stock opened at $3.92 on Friday. DocGo has a 1-year low of $2.75 and a 1-year high of $5.68. The firm has a market capitalization of $400.04 million, a PE ratio of 14.00, a price-to-earnings-growth ratio of 14.16 and a beta of 1.00. The firm’s 50 day simple moving average is $4.62 and its 200 day simple moving average is $4.02.

Insider Buying and Selling

In other DocGo news, General Counsel Ely D. Tendler sold 23,088 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.44, for a total value of $102,510.72. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of DocGo

Large investors have recently modified their holdings of the business. P.A.W. Capital Corp raised its stake in DocGo by 1.9% in the third quarter. P.A.W. Capital Corp now owns 1,630,000 shares of the company’s stock valued at $5,412,000 after purchasing an additional 30,000 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of DocGo by 144.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 968,537 shares of the company’s stock worth $3,216,000 after buying an additional 572,522 shares during the last quarter. WCM Investment Management LLC raised its position in shares of DocGo by 0.6% during the 3rd quarter. WCM Investment Management LLC now owns 2,626,971 shares of the company’s stock valued at $8,879,000 after buying an additional 15,933 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of DocGo by 19.7% during the 3rd quarter. GSA Capital Partners LLP now owns 445,805 shares of the company’s stock worth $1,480,000 after acquiring an additional 73,456 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in DocGo by 100.3% in the third quarter. Victory Capital Management Inc. now owns 51,349 shares of the company’s stock valued at $170,000 after acquiring an additional 25,714 shares during the last quarter. Institutional investors own 56.44% of the company’s stock.

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.