Arena Capital Advisors LLC CA Sells 10,000 Shares of DocGo Inc. (NASDAQ:DCGO)

Arena Capital Advisors LLC CA cut its holdings in DocGo Inc. (NASDAQ:DCGO) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,870 shares of the company’s stock after selling 10,000 shares during the quarter. DocGo comprises 0.2% of Arena Capital Advisors LLC CA’s holdings, making the stock its 8th largest position. Arena Capital Advisors LLC CA’s holdings in DocGo were worth $127,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of DocGo by 151.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 109,855 shares of the company’s stock valued at $365,000 after acquiring an additional 66,097 shares during the period. Matrix Asset Advisors Inc. NY acquired a new position in shares of DocGo in the fourth quarter valued at about $424,000. Harbor Capital Advisors Inc. raised its stake in shares of DocGo by 37.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,331,928 shares of the company’s stock worth $5,647,000 after purchasing an additional 363,391 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of DocGo by 64.2% during the fourth quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company’s stock worth $18,637,000 after purchasing an additional 1,687,100 shares during the period. Finally, Rhumbline Advisers boosted its position in DocGo by 4.5% in the fourth quarter. Rhumbline Advisers now owns 142,762 shares of the company’s stock valued at $605,000 after buying an additional 6,204 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

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 shares were 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 approximately $779,863.80. This represents a 11.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by insiders.

DocGo Price Performance

Shares of NASDAQ DCGO opened at $2.85 on Friday. The firm’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $3.98. DocGo Inc. has a 12 month low of $2.75 and a 12 month high of $5.68. The stock has a market capitalization of $290.65 million, a price-to-earnings ratio of 10.18, a PEG ratio of 14.16 and a beta of 1.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Stifel Nicolaus reduced their price target on shares of DocGo from $6.50 to $5.50 and set a “buy” rating for the company in a research report on Friday, February 28th. Needham & Company LLC reduced their target price on shares of DocGo from $7.00 to $4.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of DocGo from a “buy” rating to a “hold” rating and lowered their price target for the company from $5.00 to $2.85 in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.89.

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.