agilon health (NYSE:AGL) Stock Price Down 4.5%

agilon health, inc. (NYSE:AGL) shares were down 4.5% on Wednesday . The company traded as low as $5.46 and last traded at $5.49. Approximately 1,734,872 shares changed hands during trading, a decline of 67% from the average daily volume of 5,235,880 shares. The stock had previously closed at $5.75.

Wall Street Analyst Weigh In

AGL has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of agilon health in a research note on Monday, April 22nd. They issued a “neutral” rating and a $6.00 price target for the company. Evercore ISI raised their target price on shares of agilon health from $5.50 to $7.00 and gave the company an “in-line” rating in a research note on Tuesday. Truist Financial boosted their price target on agilon health from $6.40 to $6.50 and gave the stock a “hold” rating in a research report on Friday, May 24th. Stifel Nicolaus dropped their price objective on agilon health from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Finally, Robert W. Baird assumed 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.10.

agilon health Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a 50 day moving average of $6.01 and a 200-day moving average of $6.44.

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

Institutional Trading of agilon health

A number of institutional investors and hedge funds have recently made changes to their positions in AGL. Quest Partners LLC bought a new position in agilon health in the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management acquired a new position in shares of agilon health during the 4th quarter worth $47,000. CWM LLC lifted its position in shares of agilon health by 406.5% during the 2nd quarter. CWM LLC now owns 9,081 shares of the company’s stock worth $59,000 after buying an additional 7,288 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in agilon health in the first quarter valued at about $65,000. Finally, Bleakley Financial Group LLC bought a new position in agilon health in the first quarter valued at about $65,000.

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.