agilon health (NYSE:AGL) Trading Down 5.7%

agilon health, inc. (NYSE:AGL) was down 5.7% during trading on Friday . The stock traded as low as $3.64 and last traded at $3.65. Approximately 1,402,873 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 4,967,150 shares. The stock had previously closed at $3.87.

Wall Street Analysts Forecast Growth

AGL has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $8.00 price objective on shares of agilon health in a research report on Wednesday, August 7th. Baird R W upgraded agilon health to a “hold” rating in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft reduced their target price on agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $9.00 price target on shares of agilon health in a research note on Thursday, August 8th. Finally, Evercore ISI increased their price objective on agilon health from $5.50 to $7.00 and gave the company an “in-line” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.57.

agilon health Trading Down 6.2 %

The business has a 50-day moving average of $5.26 and a 200-day moving average of $5.55. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -5.21 and a beta of 0.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36.

agilon health (NYSE:AGL) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.56 billion. agilon health had a negative return on equity of 29.91% and a negative net margin of 5.57%. The firm’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. As a group, research analysts forecast that agilon health, inc. will post -0.32 EPS for the current year.

Insider Buying and Selling

In other agilon health news, CEO Steven Sell bought 20,000 shares of agilon health stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of $3.36 per share, with a total value of $67,200.00. Following the completion of the acquisition, the chief executive officer now owns 67,590 shares of the company’s stock, valued at $227,102.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. J.Safra Asset Management Corp increased its stake in agilon health by 626.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock valued at $27,000 after buying an additional 3,625 shares during the period. Quest Partners LLC acquired a new position in shares of agilon health during the fourth quarter worth about $45,000. Neo Ivy Capital Management purchased a new position in agilon health during the fourth quarter worth about $47,000. CWM LLC lifted its position in agilon health by 406.5% in the second quarter. CWM LLC now owns 9,081 shares of the company’s stock valued at $59,000 after purchasing an additional 7,288 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new stake in agilon health in the second quarter valued at about $60,000.

About agilon health

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.