agilon health (NYSE:AGL) Reaches New 52-Week Low – Here’s Why

agilon health, inc. (NYSE:AGL)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $2.67 and last traded at $2.68, with a volume of 89118 shares changing hands. The stock had previously closed at $2.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AGL shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 price target on shares of agilon health in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price target on agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Benchmark reissued a “buy” rating and set a $9.00 price target on shares of agilon health in a report on Thursday, August 8th. Evercore ISI reduced their price objective on shares of agilon health from $7.00 to $4.00 and set an “in-line” rating for the company in a report on Tuesday, October 8th. Finally, Bank of America cut shares of agilon health from a “buy” rating to an “underperform” rating and set a $3.00 target price on the stock. in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.03.

agilon health Stock Up 0.4 %

The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -3.85 and a beta of 0.54. The business has a fifty day moving average of $3.71 and a 200 day moving average of $5.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36.

agilon health (NYSE:AGL) last posted its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). agilon health had a negative return on equity of 29.91% and a negative net margin of 5.57%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the company earned ($0.04) EPS. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. On average, equities analysts predict that agilon health, inc. will post -0.32 earnings per share for the current year.

Insider Buying and Selling

In other agilon health news, CEO Steven Sell bought 20,000 shares of agilon health stock in a transaction dated Thursday, September 12th. The shares were acquired at an average cost of $3.36 per share, with a total value of $67,200.00. Following the acquisition, the chief executive officer now directly owns 67,590 shares of the company’s stock, valued at $227,102.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by insiders.

Hedge Funds Weigh In On agilon health

A number of institutional investors have recently modified their holdings of the stock. Capital International Investors increased its position in agilon health by 84.7% in the first quarter. Capital International Investors now owns 20,197,932 shares of the company’s stock worth $123,207,000 after purchasing an additional 9,263,296 shares during the period. AQR Capital Management LLC grew its stake in shares of agilon health by 3,338.5% during the second quarter. AQR Capital Management LLC now owns 1,356,438 shares of the company’s stock worth $8,871,000 after purchasing an additional 1,316,990 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in agilon health in the first quarter valued at about $2,975,000. Vanguard Group Inc. lifted its stake in agilon health by 1.3% in the first quarter. Vanguard Group Inc. now owns 28,947,798 shares of the company’s stock valued at $176,582,000 after buying an additional 371,537 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in agilon health during the second quarter worth about $1,849,000.

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.