agilon health (NYSE:AGL) Trading Down 5.7%

agilon health, inc. (NYSE:AGL) shares dropped 5.7% on Monday . The stock traded as low as $6.16 and last traded at $6.17. Approximately 1,866,494 shares were traded during trading, a decline of 65% from the average daily volume of 5,345,199 shares. The stock had previously closed at $6.54.

Analysts Set New Price Targets

AGL has been the topic of several research reports. Citigroup initiated coverage on agilon health in a report on Monday, April 22nd. They issued a “neutral” rating and a $6.00 target price on the stock. Truist Financial raised their target price on shares of agilon health from $6.40 to $6.50 and gave the company a “hold” rating in a report on Friday, May 24th. Barclays initiated coverage on shares of agilon health in a report on Wednesday, March 6th. They set an “underweight” rating and a $5.00 target price on the stock. Robert W. Baird began coverage on agilon health in a research note on Thursday, May 30th. They set a “neutral” rating and a $6.00 target price for the company. Finally, Baird R W raised agilon health to a “hold” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, agilon health presently has a consensus rating of “Hold” and an average target price of $9.03.

agilon health Stock Up 1.9 %

The business has a 50-day moving average of $5.94 and a 200-day moving average of $6.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.33.

agilon health (NYSE:AGL) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. agilon health had a negative return on equity of 26.15% and a negative net margin of 5.67%. As a group, research analysts forecast that agilon health, inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Scotia Capital Inc. increased its position in agilon health by 1.3% in the 4th quarter. Scotia Capital Inc. now owns 132,576 shares of the company’s stock valued at $1,664,000 after acquiring an additional 1,741 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of agilon health by 31.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,969 shares of the company’s stock valued at $113,000 after purchasing an additional 2,149 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of agilon health by 1.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 257,537 shares of the company’s stock worth $3,232,000 after purchasing an additional 2,475 shares during the last quarter. Swiss National Bank lifted its holdings in shares of agilon health by 0.6% during the first quarter. Swiss National Bank now owns 602,800 shares of the company’s stock worth $3,677,000 after purchasing an additional 3,400 shares during the period. Finally, Quest Partners LLC purchased a new position in agilon health in the 4th quarter valued at $45,000.

About agilon health

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.