Arena Capital Advisors LLC CA Sells 15,592 Shares of DocGo Inc. (NASDAQ:DCGO)

Arena Capital Advisors LLC CA lessened its holdings in shares of DocGo Inc. (NASDAQ:DCGO) by 28.1% in the third quarter, Holdings Channel.com reports. The fund owned 39,870 shares of the company’s stock after selling 15,592 shares during the quarter. DocGo comprises 0.1% of Arena Capital Advisors LLC CA’s holdings, making the stock its 9th largest holding. Arena Capital Advisors LLC CA’s holdings in DocGo were worth $132,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Isthmus Partners LLC increased its stake in shares of DocGo by 32.4% in the 2nd quarter. Isthmus Partners LLC now owns 799,296 shares of the company’s stock valued at $25,000 after acquiring an additional 195,428 shares during the last quarter. nVerses Capital LLC grew its holdings in DocGo by 151.5% during the second quarter. nVerses Capital LLC now owns 8,300 shares of the company’s stock valued at $26,000 after purchasing an additional 5,000 shares during the period. Gladius Capital Management LP acquired a new position in DocGo during the second quarter valued at approximately $34,000. Nisa Investment Advisors LLC increased its stake in DocGo by 693.2% in the second quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company’s stock valued at $37,000 after purchasing an additional 10,565 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in DocGo in the second quarter worth $60,000. Institutional investors own 56.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DCGO shares. Needham & Company LLC reissued a “buy” rating and issued a $7.00 price target on shares of DocGo in a report on Thursday, August 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 target price on shares of DocGo in a report on Friday, September 20th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $6.10.

DocGo Stock Up 3.2 %

DocGo stock opened at $4.25 on Friday. The company has a 50 day moving average of $3.55 and a 200-day moving average of $3.37. DocGo Inc. has a twelve month low of $2.75 and a twelve month high of $6.20. The stock has a market capitalization of $433.71 million, a PE ratio of 15.18, a price-to-earnings-growth ratio of 3.79 and a beta of 0.89.

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.