S Squared Technology LLC Boosts Stake in DocGo Inc. $DCGO

S Squared Technology LLC lifted its stake in shares of DocGo Inc. (NASDAQ:DCGO) by 52.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,878,286 shares of the company’s stock after buying an additional 987,310 shares during the period. DocGo makes up approximately 1.9% of S Squared Technology LLC’s investment portfolio, making the stock its 20th biggest holding. S Squared Technology LLC owned 2.82% of DocGo worth $4,519,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DCGO. Summit Securities Group LLC purchased a new position in DocGo in the 1st quarter worth $34,000. CWM LLC grew its stake in DocGo by 2,613.3% during the 2nd quarter. CWM LLC now owns 21,978 shares of the company’s stock valued at $35,000 after purchasing an additional 21,168 shares during the last quarter. Strs Ohio purchased a new stake in DocGo during the 1st quarter valued at about $76,000. Penn Capital Management Company LLC increased its holdings in shares of DocGo by 257.8% in the first quarter. Penn Capital Management Company LLC now owns 48,774 shares of the company’s stock valued at $129,000 after purchasing an additional 35,142 shares during the period. Finally, Brandywine Global Investment Management LLC raised its stake in shares of DocGo by 12.0% in the first quarter. Brandywine Global Investment Management LLC now owns 77,269 shares of the company’s stock worth $204,000 after purchasing an additional 8,279 shares during the last quarter. 56.44% of the stock is owned by hedge funds and other institutional investors.

DocGo Stock Up 3.7%

DocGo stock opened at $1.11 on Monday. The business’s 50-day moving average price is $1.33 and its 200 day moving average price is $1.50. The firm has a market cap of $108.57 million, a price-to-earnings ratio of -5.84 and a beta of 0.93. DocGo Inc. has a 52 week low of $1.01 and a 52 week high of $5.68.

DocGo (NASDAQ:DCGO) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). DocGo had a negative net margin of 4.20% and a negative return on equity of 3.26%. The company had revenue of $80.42 million during the quarter, compared to analyst estimates of $77.58 million. Equities analysts expect that DocGo Inc. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on DCGO. Canaccord Genuity Group upped their target price on DocGo from $1.45 to $1.60 and gave the company a “hold” rating in a research report on Thursday, August 21st. Zacks Research upgraded shares of DocGo from a “strong sell” rating to a “hold” rating in a research note on Thursday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DocGo in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.24.

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.