Point72 Asset Management L.P. Has $47,000 Stake in DocGo Inc. (NASDAQ:DCGO)

Point72 Asset Management L.P. lessened its stake in shares of DocGo Inc. (NASDAQ:DCGO) by 87.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,096 shares of the company’s stock after selling 102,748 shares during the period. Point72 Asset Management L.P.’s holdings in DocGo were worth $47,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Centiva Capital LP acquired a new position in shares of DocGo during the third quarter valued at about $43,000. Charles Schwab Investment Management Inc. increased its position in DocGo by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,210 shares of the company’s stock valued at $2,557,000 after buying an additional 40,150 shares in the last quarter. Intech Investment Management LLC acquired a new position in DocGo during the 3rd quarter worth approximately $62,000. Victory Capital Management Inc. boosted its holdings in DocGo by 100.3% in the third quarter. Victory Capital Management Inc. now owns 51,349 shares of the company’s stock worth $170,000 after acquiring an additional 25,714 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in DocGo by 19.7% in the third quarter. GSA Capital Partners LLP now owns 445,805 shares of the company’s stock valued at $1,480,000 after acquiring an additional 73,456 shares during the period. 56.44% of the stock is owned by institutional investors.

DocGo Stock Performance

Shares of NASDAQ DCGO opened at $4.29 on Friday. The stock has a market cap of $437.79 million, a price-to-earnings ratio of 15.32, a PEG ratio of 3.81 and a beta of 0.98. DocGo Inc. has a fifty-two week low of $2.75 and a fifty-two week high of $5.70. The firm’s 50-day simple moving average is $3.80 and its 200 day simple moving average is $3.48.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of DocGo in a research report on Friday, September 20th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $6.10.

DocGo 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.