Quadrature Capital Ltd Decreases Stake in DocGo Inc. (NASDAQ:DCGO)

Quadrature Capital Ltd decreased its position in DocGo Inc. (NASDAQ:DCGO) by 61.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,461 shares of the company’s stock after selling 23,489 shares during the period. Quadrature Capital Ltd’s holdings in DocGo were worth $48,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in DocGo by 144.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 968,537 shares of the company’s stock valued at $3,216,000 after buying an additional 572,522 shares during the last quarter. Marshall Wace LLP increased its stake in shares of DocGo by 212.4% during the 2nd quarter. Marshall Wace LLP now owns 505,514 shares of the company’s stock worth $1,562,000 after purchasing an additional 343,692 shares during the last quarter. Deerfield Management Company L.P. Series C increased its stake 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 worth $22,236,000 after purchasing an additional 2,091,569 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of DocGo during the 3rd quarter worth approximately $62,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of DocGo by 693.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company’s stock worth $37,000 after purchasing an additional 10,565 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price target on shares of DocGo in a research note on Friday, September 20th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $6.10.

DocGo Trading Up 1.2 %

DCGO opened at $4.19 on Friday. The company has a 50 day moving average of $3.78 and a 200 day moving average of $3.47. The company has a market cap of $427.59 million, a PE ratio of 14.96, a price-to-earnings-growth ratio of 3.75 and a beta of 0.98. DocGo Inc. has a 12 month low of $2.75 and a 12 month high of $5.70.

DocGo 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.