MetLife Investment Management LLC Sells 7,278 Shares of DocGo Inc. (NASDAQ:DCGO)

MetLife Investment Management LLC lessened its holdings in DocGo Inc. (NASDAQ:DCGO) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,728 shares of the company’s stock after selling 7,278 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of DocGo worth $178,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in DocGo by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 770,210 shares of the company’s stock valued at $2,557,000 after acquiring an additional 40,150 shares during the period. Intech Investment Management LLC bought a new stake in shares of DocGo in the third quarter worth $62,000. Victory Capital Management Inc. grew its stake in shares of DocGo by 100.3% in the third quarter. Victory Capital Management Inc. now owns 51,349 shares of the company’s stock worth $170,000 after purchasing an additional 25,714 shares during the last quarter. GSA Capital Partners LLP increased its holdings in DocGo by 19.7% in the third quarter. GSA Capital Partners LLP now owns 445,805 shares of the company’s stock valued at $1,480,000 after purchasing an additional 73,456 shares during the period. Finally, WCM Investment Management LLC raised its position in DocGo by 0.6% during the 3rd quarter. WCM Investment Management LLC now owns 2,626,971 shares of the company’s stock worth $8,879,000 after purchasing an additional 15,933 shares during the last quarter. Institutional investors own 56.44% of the company’s stock.

DocGo Trading Up 1.0 %

Shares of DocGo stock opened at $4.12 on Tuesday. The company has a market cap of $420.45 million, a P/E ratio of 14.71, a PEG ratio of 3.75 and a beta of 0.98. The business has a 50-day moving average price of $3.72 and a two-hundred day moving average price of $3.45. DocGo Inc. has a 1-year low of $2.75 and a 1-year high of $5.70.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price target on shares of DocGo in a research note on Friday, September 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $6.10.

DocGo 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.