agilon health (NYSE:AGL) Shares Up 5.6% Following Analyst Upgrade

agilon health, inc. (NYSE:AGL)’s stock price was up 5.6% during trading on Thursday after Royal Bank of Canada raised their price target on the stock from $3.00 to $3.50. Royal Bank of Canada currently has an outperform rating on the stock. agilon health traded as high as $3.58 and last traded at $3.55. Approximately 318,263 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 5,431,873 shares. The stock had previously closed at $3.36.

AGL has been the subject of a number of other reports. Needham & Company LLC reiterated a “hold” rating on shares of agilon health in a research note on Wednesday. Stifel Nicolaus lifted their target price on agilon health from $2.00 to $3.00 and gave the company a “hold” rating in a research note on Wednesday. TD Cowen decreased their target price on agilon health from $6.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, November 11th. JMP Securities downgraded agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Finally, Sanford C. Bernstein lifted their target price on agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.95.

Insider Transactions at agilon health

In other agilon health news, Director Karen Mcloughlin acquired 25,000 shares of agilon health stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $2.20 per share, for a total transaction of $55,000.00. Following the completion of the transaction, the director now owns 73,166 shares in the company, valued at approximately $160,965.20. This represents a 51.90 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John William Wulf acquired 45,000 shares of agilon health stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $2.18 per share, with a total value of $98,100.00. Following the completion of the transaction, the director now owns 206,133 shares of the company’s stock, valued at approximately $449,369.94. This trade represents a 27.93 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 77,500 shares of company stock worth $169,600. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On agilon health

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGL. Los Angeles Capital Management LLC bought a new stake in agilon health during the third quarter worth approximately $513,000. Aigen Investment Management LP bought a new stake in agilon health during the third quarter worth approximately $79,000. Simplify Asset Management Inc. raised its holdings in agilon health by 67.5% during the third quarter. Simplify Asset Management Inc. now owns 168,696 shares of the company’s stock worth $663,000 after purchasing an additional 67,968 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of agilon health in the third quarter valued at $228,000. Finally, Citigroup Inc. increased its holdings in shares of agilon health by 2,251.5% in the third quarter. Citigroup Inc. now owns 2,028,246 shares of the company’s stock valued at $7,971,000 after buying an additional 1,941,993 shares in the last quarter.

agilon health Price Performance

The company has a market cap of $1.29 billion, a P/E ratio of -3.32 and a beta of 0.66. The company has a fifty day simple moving average of $2.96 and a 200-day simple moving average of $3.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 1.29.

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.