agilon health (NYSE:AGL) Stock Price Down 4%

agilon health, inc. (NYSE:AGL)’s stock price dropped 4% during trading on Thursday . The company traded as low as $21.71 and last traded at $21.71. Approximately 4,085 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 2,666,665 shares. The stock had previously closed at $22.61.

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of agilon health in a research note on Wednesday, October 20th. They issued a “buy” rating and a $35.00 price objective on the stock. SVB Leerink lowered their price objective on shares of agilon health from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, November 1st. Zacks Investment Research downgraded shares of agilon health from a “hold” rating to a “sell” rating in a research note on Wednesday, December 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of agilon health from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, December 14th. Finally, Truist Securities lowered their target price on shares of agilon health from $41.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, October 13th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, agilon health has a consensus rating of “Buy” and an average price target of $38.50.

The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 3.44. The business has a 50 day moving average price of $24.07 and a 200 day moving average price of $29.16.

agilon health (NYSE:AGL) last announced its quarterly earnings results on Wednesday, October 27th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $458.61 million during the quarter, compared to the consensus estimate of $452.54 million. agilon health had a negative net margin of 22.11% and a negative return on equity of 26.63%. On average, sell-side analysts predict that agilon health, inc. will post -1.03 earnings per share for the current year.

In related news, insider Theodore Halkias sold 21,142 shares of the stock in a transaction that occurred on Thursday, December 23rd. The stock was sold at an average price of $27.52, for a total transaction of $581,827.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Benjamin Shaker sold 4,685 shares of the stock in a transaction that occurred on Tuesday, November 16th. The stock was sold at an average price of $25.37, for a total value of $118,858.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,914 shares of company stock valued at $4,846,156.

Large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG acquired a new position in agilon health during the 2nd quarter worth approximately $5,923,000. Qube Research & Technologies Ltd acquired a new position in agilon health during the 2nd quarter worth approximately $201,000. State of Wisconsin Investment Board acquired a new position in agilon health during the 2nd quarter worth approximately $243,000. Monashee Investment Management LLC acquired a new position in agilon health during the 3rd quarter worth approximately $2,490,000. Finally, Jennison Associates LLC acquired a new position in agilon health during the 2nd quarter worth approximately $16,579,000. 84.38% of the stock is owned by hedge funds and other institutional investors.

agilon health Company Profile (NYSE:AGL)

agilon health, inc. offers healthcare services for seniors through primary care physicians in the communities of the United States. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc. in March 2021. The company was founded in 2016 and is based in Long Beach, California.

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