DocGo Inc. (NASDAQ:DCGO) Short Interest Update

DocGo Inc. (NASDAQ:DCGO) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 7,710,000 shares, an increase of 17.5% from the February 13th total of 6,560,000 shares. Approximately 8.8% of the shares of the company are short sold. Based on an average daily volume of 759,000 shares, the short-interest ratio is currently 10.2 days.

DocGo Stock Performance

DocGo stock opened at $2.82 on Thursday. The firm has a market cap of $287.59 million, a P/E ratio of 10.07, a P/E/G ratio of 14.16 and a beta of 1.08. The business’s fifty day moving average is $4.26 and its two-hundred day moving average is $3.97. DocGo has a 52 week low of $2.75 and a 52 week high of $5.68.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On DocGo

Several large investors have recently made changes to their positions in DCGO. Centiva Capital LP acquired a new position in shares of DocGo during the third quarter valued at $43,000. Summit Investment Advisors Inc. lifted its stake in shares of DocGo by 38.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company’s stock valued at $45,000 after acquiring an additional 2,968 shares during the period. Prudential Financial Inc. acquired a new position in shares of DocGo during the fourth quarter valued at $55,000. Intech Investment Management LLC acquired a new position in shares of DocGo during the third quarter valued at $62,000. Finally, Royce & Associates LP acquired a new position in shares of DocGo during the fourth quarter valued at $64,000. Institutional investors and hedge funds 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.