DocGo (NASDAQ:DCGO) Given “Buy” Rating at Needham & Company LLC

DocGo (NASDAQ:DCGOGet Free Report)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a report released on Tuesday,Benzinga reports. They currently have a $3.00 price target on the stock. Needham & Company LLC’s price objective suggests a potential upside of 361.54% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of DocGo in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.25.

Get Our Latest Stock Analysis on DCGO

DocGo Stock Down 1.1%

Shares of NASDAQ DCGO opened at $0.65 on Tuesday. The stock has a market capitalization of $63.58 million, a price-to-earnings ratio of -1.25 and a beta of 0.95. DocGo has a 52 week low of $0.60 and a 52 week high of $2.89. The firm has a 50-day moving average price of $0.77 and a 200 day moving average price of $1.03.

Institutional Investors Weigh In On DocGo

Several institutional investors and hedge funds have recently made changes to their positions in the business. P.A.W. Capital Corp grew its stake in DocGo by 60.0% in the 2nd quarter. P.A.W. Capital Corp now owns 3,200,000 shares of the company’s stock valued at $5,024,000 after acquiring an additional 1,200,000 shares during the last quarter. Geode Capital Management LLC raised its position in DocGo by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 2,259,901 shares of the company’s stock worth $1,984,000 after acquiring an additional 73,900 shares during the last quarter. Jefferies Financial Group Inc. raised its position in DocGo by 5.7% during the second quarter. Jefferies Financial Group Inc. now owns 2,144,456 shares of the company’s stock worth $3,367,000 after acquiring an additional 115,000 shares during the last quarter. State Street Corp lifted its holdings in shares of DocGo by 2.0% in the fourth quarter. State Street Corp now owns 1,969,603 shares of the company’s stock valued at $1,729,000 after purchasing an additional 39,125 shares in the last quarter. Finally, Isthmus Partners LLC lifted its holdings in shares of DocGo by 13.8% in the fourth quarter. Isthmus Partners LLC now owns 888,845 shares of the company’s stock valued at $780,000 after purchasing an additional 107,592 shares in the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

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About DocGo

(Get Free Report)

DocGo, Inc is a U.S.-based integrated healthcare company that delivers on-demand and mobile healthcare services. The company’s business model centers on deploying customized medical clinics paired with a digital care platform to bring primary and acute care directly to patients. Through a combination of telemedicine and over-the-road medical units, DocGo addresses routine medical exams, chronic disease management, occupational health screenings, specialist consultations and urgent care interventions.

In addition to its mobile clinic fleet, DocGo’s digital platform offers 24/7 virtual care, facilitating remote consultations via video, phone or secure messaging.

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