EntryPoint Capital LLC Invests $203,000 in DocGo Inc. (NASDAQ:DCGO)

EntryPoint Capital LLC purchased a new stake in shares of DocGo Inc. (NASDAQ:DCGO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 47,992 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors also recently modified their holdings of the business. Prudential Financial Inc. purchased a new position in shares of DocGo during the fourth quarter valued at approximately $55,000. Vanguard Group Inc. raised its stake in DocGo by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,014,375 shares of the company’s stock valued at $21,261,000 after buying an additional 14,454 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of DocGo by 490.3% during the 4th quarter. American Century Companies Inc. now owns 452,254 shares of the company’s stock valued at $1,918,000 after buying an additional 375,637 shares during the period. Intech Investment Management LLC boosted its stake in shares of DocGo by 76.7% in the 4th quarter. Intech Investment Management LLC now owns 32,834 shares of the company’s stock worth $139,000 after buying an additional 14,247 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in shares of DocGo in the fourth quarter worth $64,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DCGO. Deutsche Bank Aktiengesellschaft downgraded DocGo from a “buy” rating to a “hold” rating and lowered their target price for the company from $5.00 to $2.85 in a report on Friday, February 28th. Needham & Company LLC reduced their price target on shares of DocGo from $7.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Stifel Nicolaus dropped their price objective on shares of DocGo from $6.50 to $5.50 and set a “buy” rating on the stock in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, DocGo presently has an average rating of “Moderate Buy” and an average target price of $4.89.

DocGo Stock Down 3.3 %

Shares of DCGO opened at $2.64 on Friday. The business has a 50-day simple moving average of $4.03 and a two-hundred day simple moving average of $3.92. DocGo Inc. has a 52 week low of $2.63 and a 52 week high of $5.68. The stock has a market cap of $269.24 million, a price-to-earnings ratio of 9.43, a PEG ratio of 14.16 and a beta of 1.08.

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.