DocGo Inc. (NASDAQ:DCGO) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in DocGo Inc. (NASDAQ:DCGO) by 25.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 338,159 shares of the company’s stock after acquiring an additional 69,007 shares during the quarter. Bank of New York Mellon Corp’s holdings in DocGo were worth $1,434,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DCGO. WCM Investment Management LLC lifted its position in shares of DocGo by 64.2% in the 4th quarter. WCM Investment Management LLC now owns 4,314,071 shares of the company’s stock valued at $18,637,000 after acquiring an additional 1,687,100 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of DocGo by 37.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,331,928 shares of the company’s stock valued at $5,647,000 after acquiring an additional 363,391 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of DocGo by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,199,086 shares of the company’s stock valued at $3,933,000 after acquiring an additional 124,348 shares in the last quarter. Matrix Asset Advisors Inc. NY purchased a new stake in shares of DocGo in the 4th quarter valued at approximately $424,000. Finally, Barclays PLC lifted its position in shares of DocGo by 279.7% in the 3rd quarter. Barclays PLC now owns 134,923 shares of the company’s stock valued at $447,000 after acquiring an additional 99,387 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

DocGo Trading Down 3.3 %

NASDAQ:DCGO opened at $2.67 on Monday. DocGo Inc. has a 1 year low of $2.63 and a 1 year high of $5.68. The firm’s fifty day simple moving average is $4.17 and its 200 day simple moving average is $3.95. The firm has a market capitalization of $272.29 million, a PE ratio of 9.54, a PEG ratio of 14.16 and a beta of 1.08.

Wall Street Analyst Weigh In

DCGO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of DocGo from a “buy” rating to a “hold” rating and cut their target price for the stock from $5.00 to $2.85 in a research report on Friday, February 28th. Needham & Company LLC cut their target price 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 cut their target price on shares of DocGo from $6.50 to $5.50 and set a “buy” rating for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, DocGo has a consensus rating of “Moderate Buy” and an average target price of $4.89.

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.