263,190 Shares in DocGo Inc. (NASDAQ:DCGO) Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC bought a new position in DocGo Inc. (NASDAQ:DCGO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 263,190 shares of the company’s stock, valued at approximately $1,116,000. First Eagle Investment Management LLC owned 0.26% of DocGo as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Centiva Capital LP bought a new position in shares of DocGo in the third quarter valued at approximately $43,000. Intech Investment Management LLC purchased a new stake in DocGo in the 3rd quarter worth approximately $62,000. Victory Capital Management Inc. boosted its holdings in DocGo by 100.3% in the 3rd quarter. Victory Capital Management Inc. now owns 51,349 shares of the company’s stock valued at $170,000 after purchasing an additional 25,714 shares during the period. SG Americas Securities LLC grew its position in shares of DocGo by 12.9% during the 4th quarter. SG Americas Securities LLC now owns 43,052 shares of the company’s stock valued at $183,000 after purchasing an additional 4,905 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of DocGo by 151.1% in the third quarter. JPMorgan Chase & Co. now owns 109,855 shares of the company’s stock worth $365,000 after purchasing an additional 66,097 shares during the period. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Analyst Upgrades and Downgrades

DCGO has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered DocGo from a “buy” rating to a “hold” rating and dropped their price objective for the company from $5.00 to $2.85 in a research note on Friday, February 28th. Needham & Company LLC cut their price objective on DocGo from $7.00 to $4.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Stifel Nicolaus lowered their target price on shares of DocGo from $6.50 to $5.50 and set a “buy” rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, DocGo currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.89.

DocGo Price Performance

NASDAQ:DCGO opened at $2.85 on Monday. The company has a market capitalization of $290.65 million, a price-to-earnings ratio of 10.18, a PEG ratio of 14.16 and a beta of 1.08. The business has a 50 day moving average of $4.31 and a 200 day moving average of $3.98. DocGo Inc. has a 1-year low of $2.75 and a 1-year high of $5.68.

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.