agilon health (NYSE:AGL) Shares Gap Up to $4.98

agilon health, inc. (NYSE:AGL) gapped up prior to trading on Wednesday . The stock had previously closed at $4.98, but opened at $5.30. agilon health shares last traded at $5.35, with a volume of 1,631,980 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on AGL. Jefferies Financial Group reissued a “hold” rating and issued a $6.50 price target (down from $25.00) on shares of agilon health in a report on Monday, February 26th. Evercore ISI dropped their price objective on agilon health from $7.00 to $6.00 and set an “in-line” rating on the stock in a report on Wednesday, February 28th. Citigroup assumed coverage on agilon health in a report on Monday, April 22nd. They issued a “neutral” rating and a $6.00 price objective on the stock. TD Cowen downgraded agilon health from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $12.00 to $6.50 in a report on Monday, February 26th. Finally, Benchmark dropped their price objective on agilon health from $13.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.32.

agilon health Stock Performance

The firm’s 50 day moving average price is $5.31 and its 200-day moving average price is $8.64. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -8.09 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 1.51.

agilon health (NYSE:AGL) last issued its earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. agilon health had a negative return on equity of 21.74% and a negative net margin of 5.76%. The firm’s revenue for the quarter was up 71.8% compared to the same quarter last year. During the same period last year, the business earned ($0.14) earnings per share. On average, analysts anticipate that agilon health, inc. will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AGL. Signaturefd LLC lifted its position in agilon health by 73.7% in 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. Quest Partners LLC bought a new position in shares of agilon health during the fourth quarter valued at $45,000. Neo Ivy Capital Management bought a new position in shares of agilon health during the fourth quarter valued at $47,000. Simplicity Wealth LLC bought a new position in shares of agilon health during the first quarter valued at $65,000. Finally, Bleakley Financial Group LLC bought a new position in shares of agilon health during the first quarter valued at $65,000.

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.