agilon health (NYSE:AGL) Stock Price Down 6.7% – What’s Next?

agilon health, inc. (NYSE:AGL)’s stock price dropped 6.7% during mid-day trading on Wednesday . The stock traded as low as $1.94 and last traded at $1.96. Approximately 500,424 shares traded hands during trading, a decline of 90% from the average daily volume of 4,854,712 shares. The stock had previously closed at $2.10.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI lowered their target price on agilon health from $7.00 to $4.00 and set an “in-line” rating for the company in a research note on Tuesday, October 8th. Citigroup lowered their price objective on agilon health from $2.50 to $1.75 and set a “sell” rating for the company in a research report on Wednesday, November 13th. Stifel Nicolaus cut their target price on shares of agilon health from $7.00 to $2.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. JMP Securities cut shares of agilon health from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Sanford C. Bernstein began coverage on shares of agilon health in a report on Wednesday. They issued a “market perform” rating and a $2.50 price objective on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.38.

agilon health Stock Down 1.6 %

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $2.46 and its 200-day moving average price is $4.42.

agilon health (NYSE:AGL) last released its earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.19). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. agilon health had a negative return on equity of 47.84% and a negative net margin of 6.88%. During the same quarter last year, the company posted ($0.06) EPS. On average, research analysts anticipate that agilon health, inc. will post -0.52 EPS for the current fiscal year.

Insider Activity at agilon health

In other agilon health news, Director Diana Mckenzie bought 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of $2.28 per share, with a total value of $28,500.00. Following the completion of the transaction, the director now owns 51,319 shares in the company, valued at approximately $117,007.32. This trade represents a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John William Wulf purchased 45,000 shares of the stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $2.18 per share, for a total transaction of $98,100.00. Following the completion of the purchase, the director now directly owns 206,133 shares in the company, valued at approximately $449,369.94. The trade was a 27.93 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 65,000 shares of company stock valued at $143,100. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System boosted its holdings in shares of agilon health by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 85,989 shares of the company’s stock valued at $562,000 after buying an additional 2,070 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in agilon health in the third quarter valued at $28,000. CWM LLC grew its position in shares of agilon health by 406.5% in the 2nd quarter. CWM LLC now owns 9,081 shares of the company’s stock valued at $59,000 after acquiring an additional 7,288 shares during the period. Signaturefd LLC raised its holdings in shares of agilon health by 166.2% in the 2nd quarter. Signaturefd LLC now owns 11,848 shares of the company’s stock valued at $77,000 after purchasing an additional 7,398 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in agilon health by 72.6% in the 2nd quarter. Wedbush Securities Inc. now owns 20,710 shares of the company’s stock valued at $135,000 after purchasing an additional 8,710 shares during the last quarter.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.