agilon health (NYSE:AGL) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of agilon health (NYSE:AGL) in a report released on Wednesday,Benzinga reports.

A number of other brokerages also recently issued reports on AGL. Macquarie assumed coverage on agilon health in a research report on Monday, December 16th. They issued a “neutral” rating and a $3.00 price objective on the stock. JMP Securities cut agilon health from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $3.00 price target on shares of agilon health in a research report on Tuesday, November 19th. Stifel Nicolaus decreased their price objective 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. Finally, Sanford C. Bernstein lifted their target price on shares of agilon health from $2.50 to $3.15 and gave the company a “market perform” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.95.

agilon health Stock Performance

NYSE AGL opened at $3.29 on Wednesday. The company’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $3.04. The stock has a market capitalization of $1.36 billion, a PE ratio of -3.50 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 1.29. agilon health has a 1 year low of $1.50 and a 1 year high of $7.73.

Insider Activity

In other agilon health news, Director Karen Mcloughlin purchased 25,000 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $2.20 per share, with a total value of $55,000.00. Following the completion of the purchase, the director now directly owns 73,166 shares of the company’s stock, valued at approximately $160,965.20. This trade represents a 51.90 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John William Wulf purchased 45,000 shares of the business’s stock in a transaction on 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 ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 77,500 shares of company stock valued at $169,600. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On agilon health

A number of large investors have recently bought and sold shares of AGL. Los Angeles Capital Management LLC purchased a new stake in shares of agilon health during the third quarter valued at approximately $513,000. Aigen Investment Management LP purchased a new stake in agilon health during the 3rd quarter valued at $79,000. Simplify Asset Management Inc. boosted its position in agilon health by 67.5% during the 3rd quarter. Simplify Asset Management Inc. now owns 168,696 shares of the company’s stock valued at $663,000 after buying an additional 67,968 shares during the period. Intech Investment Management LLC bought a new stake in agilon health in the 3rd quarter worth $228,000. Finally, Citigroup Inc. increased its position 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 acquiring an additional 1,941,993 shares during the period.

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.