agilon health (NYSE:AGL) Trading Down 6.3% – Time to Sell?

agilon health, inc. (NYSE:AGL)’s stock price dropped 6.3% during mid-day trading on Tuesday . The company traded as low as $2.53 and last traded at $2.53. Approximately 1,200,620 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 4,899,374 shares. The stock had previously closed at $2.70.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AGL shares. Evercore ISI dropped their price objective on shares of agilon health from $7.00 to $4.00 and set an “in-line” rating on the stock in a report on Tuesday, October 8th. Citigroup reaffirmed a “sell” rating and issued a $2.50 price objective (down from $7.00) on shares of agilon health in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $8.00 target price on shares of agilon health in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price target on agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, Bank of America lowered agilon health from a “buy” rating to an “underperform” rating and set a $3.00 price objective on the stock. in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.81.

agilon health Trading Up 3.7 %

The stock’s fifty day moving average price is $3.50 and its 200 day moving average price is $5.09. The stock has a market cap of $1.05 billion, a P/E ratio of -3.37 and a beta of 0.54. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

agilon health (NYSE:AGL) last announced its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). agilon health had a negative net margin of 5.57% and a negative return on equity of 29.91%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm earned ($0.04) earnings per share. The business’s revenue for the quarter was up 38.7% on a year-over-year basis. Equities research analysts expect that agilon health, inc. will post -0.32 earnings per share for the current year.

Insider Transactions at agilon health

In other agilon health news, CEO Steven Sell acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average cost of $3.36 per share, with a total value of $67,200.00. Following the completion of the transaction, the chief executive officer now directly owns 67,590 shares of the company’s stock, valued at approximately $227,102.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AGL. City State Bank bought a new position in shares of agilon health in the third quarter worth about $52,000. Inspire Investing LLC bought a new stake in agilon health during the 3rd quarter worth approximately $414,000. SG Americas Securities LLC purchased a new position in agilon health during the third quarter valued at approximately $92,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of agilon health in the second quarter worth approximately $1,849,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of agilon health in the second quarter worth $197,000.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.