Lee Bienstock Acquires 25,000 Shares of DocGo Inc. (NASDAQ:DCGO) Stock

DocGo Inc. (NASDAQ:DCGOGet Free Report) CEO Lee Bienstock purchased 25,000 shares of the stock in a transaction on Monday, May 13th. The stock was bought at an average price of $3.15 per share, for a total transaction of $78,750.00. Following the completion of the transaction, the chief executive officer now directly owns 1,220,845 shares of the company’s stock, valued at $3,845,661.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

DocGo Price Performance

Shares of DocGo stock opened at $3.30 on Wednesday. The firm has a 50 day simple moving average of $3.63 and a 200 day simple moving average of $4.32. DocGo Inc. has a fifty-two week low of $2.78 and a fifty-two week high of $10.82. The firm has a market cap of $343.76 million, a P/E ratio of 16.50, a P/E/G ratio of 1.51 and a beta of 0.96.

DocGo (NASDAQ:DCGOGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The firm had revenue of $199.25 million during the quarter, compared to the consensus estimate of $195.48 million. DocGo had a net margin of 2.98% and a return on equity of 6.20%. On average, sell-side analysts expect that DocGo Inc. will post 0.24 EPS for the current year.

Analysts Set New Price Targets

DCGO has been the topic of several recent analyst reports. BTIG Research reduced their target price on shares of DocGo from $11.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Stifel Nicolaus decreased their price objective on shares of DocGo from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Cantor Fitzgerald dropped their price objective on shares of DocGo from $11.00 to $5.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Canaccord Genuity Group reduced their target price on DocGo from $9.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Needham & Company LLC dropped their price target on DocGo from $10.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, DocGo presently has a consensus rating of “Buy” and an average price target of $7.75.

Read Our Latest Research Report on DCGO

Hedge Funds Weigh In On DocGo

Several institutional investors have recently modified their holdings of DCGO. Arizona State Retirement System grew its position in shares of DocGo by 8.3% in the 3rd quarter. Arizona State Retirement System now owns 26,516 shares of the company’s stock valued at $141,000 after purchasing an additional 2,042 shares during the period. Worth Venture Partners LLC lifted its position in DocGo by 36.3% in the 3rd quarter. Worth Venture Partners LLC now owns 16,028 shares of the company’s stock valued at $85,000 after acquiring an additional 4,265 shares in the last quarter. AJOVista LLC acquired a new position in DocGo in the 4th quarter worth $25,000. Principal Financial Group Inc. increased its holdings in DocGo by 25.2% during the 3rd quarter. Principal Financial Group Inc. now owns 25,591 shares of the company’s stock worth $136,000 after purchasing an additional 5,154 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DocGo by 42.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,020 shares of the company’s stock valued at $128,000 after purchasing an additional 7,166 shares during the period. Institutional investors own 56.44% of the company’s stock.

About DocGo

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for DocGo (NASDAQ:DCGO)

Receive News & Ratings for DocGo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DocGo and related companies with MarketBeat.com's FREE daily email newsletter.