DocGo (NASDAQ:DCGO) Posts Earnings Results, Misses Estimates By $0.02 EPS

DocGo (NASDAQ:DCGO) issued its quarterly earnings results on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02), Zacks reports. DocGo had a negative return on equity of 3.26% and a negative net margin of 4.20%. DocGo updated its FY 2025 guidance to EPS.

DocGo Stock Performance

Shares of NASDAQ:DCGO remained flat at $1.11 during trading on Monday. The stock had a trading volume of 2,187,869 shares, compared to its average volume of 1,120,720. The company has a market cap of $108.57 million, a PE ratio of -5.84 and a beta of 0.93. The stock has a 50 day moving average price of $1.33 and a two-hundred day moving average price of $1.50. DocGo has a 1-year low of $1.01 and a 1-year high of $5.68.

Analyst Ratings Changes

DCGO has been the topic of a number of analyst reports. Zacks Research raised DocGo from a “strong sell” rating to a “hold” rating in a research note on Thursday. Canaccord Genuity Group increased their price target on shares of DocGo from $1.45 to $1.60 and gave the stock a “hold” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of DocGo in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.24.

Hedge Funds Weigh In On DocGo

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in DocGo by 92.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 557,613 shares of the company’s stock valued at $758,000 after buying an additional 267,259 shares in the last quarter. Oxford Asset Management LLP increased its holdings in DocGo by 122.6% during the 2nd quarter. Oxford Asset Management LLP now owns 93,126 shares of the company’s stock worth $146,000 after purchasing an additional 51,298 shares during the period. Engineers Gate Manager LP bought a new stake in DocGo during the 2nd quarter valued at $52,000. Boothbay Fund Management LLC lifted its holdings in shares of DocGo by 512.6% in the 2nd quarter. Boothbay Fund Management LLC now owns 185,690 shares of the company’s stock worth $292,000 after buying an additional 155,379 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in shares of DocGo by 19.3% during the 2nd quarter. Bridgeway Capital Management LLC now owns 357,757 shares of the company’s stock worth $562,000 after buying an additional 57,757 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

About DocGo

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.