agilon health (NYSE:AGL) Stock Price Up 5.6%

agilon health, inc. (NYSE:AGL)’s share price traded up 5.6% during trading on Thursday . The stock traded as high as $5.30 and last traded at $5.29. 1,039,430 shares were traded during trading, a decline of 82% from the average session volume of 5,830,453 shares. The stock had previously closed at $5.01.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGL. Wolfe Research lowered shares of agilon health from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 8th. SVB Leerink lowered shares of agilon health from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Royal Bank of Canada cut their price target on agilon health from $11.00 to $8.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Stifel Nicolaus lowered their price objective on agilon health from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Finally, Evercore ISI cut their target price on agilon health from $7.00 to $6.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.73.

agilon health Stock Performance

The business’s fifty day moving average price is $5.82 and its 200-day moving average price is $10.08. The stock has a market cap of $2.21 billion, a PE ratio of -8.14 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.51 and a current ratio of 1.51.

agilon health (NYSE:AGL) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.13). agilon health had a negative net margin of 5.76% and a negative return on equity of 21.74%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was up 71.8% on a year-over-year basis. As a group, equities research analysts forecast that agilon health, inc. will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On agilon health

A number of institutional investors and hedge funds have recently modified their holdings of AGL. Citigroup Inc. increased its position in agilon health by 63.1% during the first quarter. Citigroup Inc. now owns 17,080 shares of the company’s stock valued at $433,000 after acquiring an additional 6,605 shares during the last quarter. Bank of Montreal Can increased its position in shares of agilon health by 31.1% during the 1st quarter. Bank of Montreal Can now owns 244,262 shares of the company’s stock valued at $6,074,000 after purchasing an additional 57,950 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of agilon health in the 1st quarter worth approximately $262,000. Dimensional Fund Advisors LP lifted its stake in shares of agilon health by 228.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 24,741 shares of the company’s stock worth $627,000 after purchasing an additional 17,218 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of agilon health by 43.5% in the first quarter. Sei Investments Co. now owns 27,568 shares of the company’s stock worth $670,000 after buying an additional 8,356 shares during the last quarter.

agilon health Company Profile

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.