agilon health (NYSE:AGL) Shares Up 5.6%

Shares of agilon health, inc. (NYSE:AGL) shot up 5.6% during trading on Thursday . The stock traded as high as $5.30 and last traded at $5.29. 1,039,430 shares changed hands during trading, a decline of 82% from the average session volume of 5,830,453 shares. The stock had previously closed at $5.01.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AGL. Jefferies Financial Group reaffirmed a “hold” rating and set a $6.50 price target (down previously from $25.00) on shares of agilon health in a research report on Monday, February 26th. Stifel Nicolaus decreased their price objective on shares of agilon health from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Benchmark decreased their price objective on shares of agilon health from $13.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Leerink Partnrs downgraded shares of agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Finally, Truist Financial decreased their price objective on shares of agilon health from $10.00 to $7.50 and set a “hold” rating for the company in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, agilon health currently has a consensus rating of “Hold” and a consensus target price of $9.73.

agilon health Stock Up 1.3 %

The firm has a market capitalization of $2.23 billion, a PE ratio of -8.38 and a beta of 0.49. The firm’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $9.95. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.05.

agilon health (NYSE:AGL) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. agilon health had a negative net margin of 5.76% and a negative return on equity of 21.74%. The company’s revenue was up 71.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) earnings per share. As a group, research analysts forecast that agilon health, inc. will post -0.35 EPS for the current fiscal year.

Institutional Trading of agilon health

Institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its holdings in agilon health by 41.2% in the first quarter. First Horizon Advisors Inc. now owns 1,553 shares of the company’s stock valued at $37,000 after acquiring an additional 453 shares in the last quarter. CWM LLC raised its holdings in shares of agilon health by 83.7% during the third quarter. CWM LLC now owns 1,585 shares of the company’s stock worth $28,000 after purchasing an additional 722 shares during the period. Signaturefd LLC raised its holdings in shares of agilon health by 73.7% during the third quarter. Signaturefd LLC now owns 1,673 shares of the company’s stock worth $30,000 after purchasing an additional 710 shares during the period. Ronald Blue Trust Inc. acquired a new stake in shares of agilon health during the third quarter worth $38,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of agilon health during the first quarter worth $69,000.

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.