Franklin Resources Inc. Boosts Stock Holdings in DocGo Inc. (NASDAQ:DCGO)

Franklin Resources Inc. lifted its holdings in shares of DocGo Inc. (NASDAQ:DCGO) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,199,086 shares of the company’s stock after buying an additional 124,348 shares during the quarter. Franklin Resources Inc.’s holdings in DocGo were worth $3,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. nVerses Capital LLC grew its holdings in DocGo by 151.5% during the 2nd quarter. nVerses Capital LLC now owns 8,300 shares of the company’s stock valued at $26,000 after buying an additional 5,000 shares in the last quarter. Marathon Capital Management grew its stake in DocGo by 2.3% during the second quarter. Marathon Capital Management now owns 277,100 shares of the company’s stock valued at $856,000 after acquiring an additional 6,285 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in DocGo by 31.6% during the second quarter. The Manufacturers Life Insurance Company now owns 40,401 shares of the company’s stock valued at $125,000 after acquiring an additional 9,696 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in DocGo by 693.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company’s stock worth $37,000 after acquiring an additional 10,565 shares during the period. Finally, Centiva Capital LP bought a new position in DocGo in the 3rd quarter valued at $43,000. 56.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

DocGo Price Performance

Shares of DocGo stock opened at $4.22 on Wednesday. DocGo Inc. has a 1 year low of $2.75 and a 1 year high of $5.70. The firm has a market cap of $430.66 million, a PE ratio of 15.07, a PEG ratio of 3.94 and a beta of 0.98. The company has a 50 day simple moving average of $3.94 and a two-hundred day simple moving average of $3.54.

Insider Transactions at DocGo

In other DocGo news, General Counsel Ely D. Tendler sold 23,088 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.44, for a total transaction of $102,510.72. Following the sale, the general counsel now owns 175,645 shares in the company, valued at $779,863.80. This trade represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

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.