Cubist Systematic Strategies LLC Sells 49,510 Shares of DocGo Inc. (NASDAQ:DCGO)

Cubist Systematic Strategies LLC lowered its holdings in DocGo Inc. (NASDAQ:DCGO) by 21.3% in the second quarter, HoldingsChannel.com reports. The firm owned 183,364 shares of the company’s stock after selling 49,510 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in DocGo were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in shares of DocGo by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 396,015 shares of the company’s stock worth $1,224,000 after purchasing an additional 289,964 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of DocGo in the 1st quarter valued at $672,000. Birchview Capital LP increased its stake in shares of DocGo by 15.4% in the 4th quarter. Birchview Capital LP now owns 150,000 shares of the company’s stock valued at $838,000 after purchasing an additional 20,000 shares during the last quarter. S Squared Technology LLC raised its holdings in shares of DocGo by 36.7% during the 4th quarter. S Squared Technology LLC now owns 1,024,438 shares of the company’s stock worth $5,727,000 after buying an additional 275,000 shares in the last quarter. Finally, Pasadena Private Wealth LLC lifted its position in shares of DocGo by 363.6% during the 1st quarter. Pasadena Private Wealth LLC now owns 395,487 shares of the company’s stock worth $1,598,000 after buying an additional 310,180 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

DocGo Trading Up 6.3 %

DocGo stock opened at $3.35 on Friday. The stock has a 50-day moving average price of $3.49 and a two-hundred day moving average price of $3.38. DocGo Inc. has a 12 month low of $2.75 and a 12 month high of $6.90. The company has a market capitalization of $340.25 million, a PE ratio of 16.75, a P/E/G ratio of 2.96 and a beta of 0.91.

DocGo (NASDAQ:DCGO) last posted its earnings results on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). DocGo had a return on equity of 8.90% and a net margin of 3.97%. The business had revenue of $164.95 million for the quarter, compared to analyst estimates of $166.61 million. As a group, analysts predict that DocGo Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DCGO. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of DocGo in a research report on Friday, September 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 price target on shares of DocGo in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $6.10.

DocGo Company Profile

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.