DocGo Inc. (NASDAQ:DCGO) Short Interest Update

DocGo Inc. (NASDAQ:DCGO) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 6,540,000 shares, a decrease of 15.2% from the February 28th total of 7,710,000 shares. Based on an average daily volume of 818,200 shares, the days-to-cover ratio is presently 8.0 days. Approximately 7.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DCGO shares. Stifel Nicolaus cut their price target on shares of DocGo from $6.50 to $5.50 and set a “buy” rating for the company in a report on Friday, February 28th. Needham & Company LLC reduced their price objective on DocGo from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft cut shares of DocGo from a “buy” rating to a “hold” rating and dropped their target price for the stock from $5.00 to $2.85 in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4.89.

Institutional Investors Weigh In On DocGo

A number of institutional investors have recently made changes to their positions in the stock. Centiva Capital LP acquired a new stake in DocGo during the 3rd quarter valued at approximately $43,000. Summit Investment Advisors Inc. raised its stake in DocGo by 38.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,639 shares of the company’s stock worth $45,000 after buying an additional 2,968 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of DocGo during the 4th quarter worth approximately $55,000. Intech Investment Management LLC bought a new stake in shares of DocGo in the 3rd quarter valued at $62,000. Finally, Royce & Associates LP acquired a new position in shares of DocGo during the 4th quarter valued at $64,000. Institutional investors own 56.44% of the company’s stock.

DocGo Stock Down 0.4 %

NASDAQ DCGO traded down $0.01 on Wednesday, hitting $2.67. The company’s stock had a trading volume of 427,626 shares, compared to its average volume of 754,396. The company’s 50-day moving average is $4.00 and its 200 day moving average is $3.91. The firm has a market cap of $272.29 million, a PE ratio of 9.54, a PEG ratio of 14.16 and a beta of 1.08. DocGo has a 1-year low of $2.51 and a 1-year high of $5.68.

DocGo Company Profile

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.