agilon health (NYSE:AGL) Shares Gap Down – Should You Sell?

agilon health, inc. (NYSE:AGL)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $3.63, but opened at $3.24. agilon health shares last traded at $3.99, with a volume of 2,629,744 shares trading hands.

Analyst Upgrades and Downgrades

AGL has been the topic of a number of recent research reports. Citigroup upgraded shares of agilon health from a “sell” rating to a “neutral” rating and upped their target price for the company from $1.75 to $2.25 in a report on Friday, January 10th. Stifel Nicolaus increased their price objective on shares of agilon health from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Wednesday. Barclays lowered their price target on agilon health from $5.00 to $2.00 and set an “underweight” rating on the stock in a report on Monday, November 11th. TD Cowen reduced their price objective on shares of agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Finally, Sanford C. Bernstein raised their price objective on agilon health from $2.50 to $3.15 and gave the stock a “market perform” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, agilon health currently has a consensus rating of “Hold” and a consensus target price of $4.10.

agilon health Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $1.50 billion, a P/E ratio of -3.88 and a beta of 0.66. The stock’s 50-day moving average is $2.89 and its 200 day moving average is $3.04.

Insider Buying and Selling

In other news, Director John William Wulf acquired 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $2.18 per share, with a total value of $98,100.00. Following the completion of the purchase, the director now directly owns 206,133 shares of the company’s stock, valued at $449,369.94. The trade was a 27.93 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Karen Mcloughlin purchased 25,000 shares of agilon health stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $2.20 per share, for a total transaction of $55,000.00. Following the completion of the purchase, the director now owns 73,166 shares in the company, valued at $160,965.20. This represents a 51.90 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 77,500 shares of company stock worth $169,600 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Institutional Trading of agilon health

A number of institutional investors and hedge funds have recently bought and sold shares of AGL. SG Americas Securities LLC bought a new position in agilon health in the third quarter worth approximately $92,000. Los Angeles Capital Management LLC bought a new stake in agilon health in the 3rd quarter valued at about $513,000. Aigen Investment Management LP purchased a new position in shares of agilon health in the third quarter valued at $79,000. Simplify Asset Management Inc. boosted its position in shares of agilon health by 67.5% in the third quarter. Simplify Asset Management Inc. now owns 168,696 shares of the company’s stock valued at $663,000 after acquiring an additional 67,968 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of agilon health in the 3rd quarter valued at about $228,000.

agilon health Company Profile

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.