DocGo Inc. (NASDAQ:DCGO) is P.A.W. Capital Corp’s 2nd Largest Position

P.A.W. Capital Corp increased its stake in DocGo Inc. (NASDAQ:DCGO) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,630,000 shares of the company’s stock after acquiring an additional 30,000 shares during the quarter. DocGo comprises approximately 12.2% of P.A.W. Capital Corp’s investment portfolio, making the stock its 2nd biggest position. P.A.W. Capital Corp’s holdings in DocGo were worth $5,412,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC grew its holdings in shares of DocGo by 97.5% during the third quarter. SG Americas Securities LLC now owns 38,147 shares of the company’s stock worth $127,000 after buying an additional 18,835 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of DocGo by 1,655.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 116,844 shares of the company’s stock valued at $361,000 after acquiring an additional 110,189 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of DocGo by 31.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,401 shares of the company’s stock valued at $125,000 after acquiring an additional 9,696 shares during the last quarter. Marathon Capital Management boosted its position in shares of DocGo by 2.3% during the 2nd quarter. Marathon Capital Management now owns 277,100 shares of the company’s stock valued at $856,000 after acquiring an additional 6,285 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C boosted its position in shares of DocGo by 41.0% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 7,195,956 shares of the company’s stock valued at $22,236,000 after acquiring an additional 2,091,569 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

DocGo Price Performance

NASDAQ DCGO opened at $3.63 on Friday. The firm’s 50-day moving average is $3.46 and its two-hundred day moving average is $3.32. DocGo Inc. has a 12 month low of $2.75 and a 12 month high of $6.90. The stock has a market capitalization of $371.42 million, a P/E ratio of 12.96, a PEG ratio of 2.95 and a beta of 0.91.

DocGo (NASDAQ:DCGO) last posted its earnings results on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $164.95 million during the quarter, compared to analyst estimates of $166.61 million. DocGo had a net margin of 3.97% and a return on equity of 8.90%. As a group, analysts anticipate that DocGo Inc. will post 0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

DCGO has been the topic of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of DocGo in a research report on Thursday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price target on shares of DocGo in a research report on Friday, September 20th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $6.10.

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.