DocGo (NASDAQ:DCGO) Given New $4.00 Price Target at Needham & Company LLC

DocGo (NASDAQ:DCGO) had its price objective cut by Needham & Company LLC from $7.00 to $4.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

DocGo Stock Performance

NASDAQ DCGO opened at $3.09 on Friday. The stock has a market capitalization of $315.34 million, a P/E ratio of 11.04, a P/E/G ratio of 14.16 and a beta of 1.00. The business’s fifty day moving average is $4.61 and its two-hundred day moving average is $4.02. DocGo has a 1 year low of $2.75 and a 1 year high of $5.68.

Insiders Place Their Bets

In other news, General Counsel Ely D. Tendler sold 23,088 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $4.44, for a total value of $102,510.72. Following the completion of the sale, the general counsel now owns 175,645 shares in the company, valued at $779,863.80. This represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On DocGo

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of DocGo by 151.1% during the third quarter. JPMorgan Chase & Co. now owns 109,855 shares of the company’s stock worth $365,000 after purchasing an additional 66,097 shares in the last quarter. Matrix Asset Advisors Inc. NY bought a new stake in shares of DocGo in the fourth quarter worth $424,000. Harbor Capital Advisors Inc. boosted its holdings 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 purchasing an additional 572,522 shares during the last quarter. WCM Investment Management LLC increased its stake in DocGo by 64.2% in the 4th quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company’s stock valued at $18,637,000 after buying an additional 1,687,100 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of DocGo by 279.7% during the 3rd quarter. Barclays PLC now owns 134,923 shares of the company’s stock worth $447,000 after buying an additional 99,387 shares during the last quarter. Hedge funds and other institutional investors 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.