agilon health (NYSE:AGL) Stock Price Down 4.4%

agilon health, inc. (NYSE:AGL) traded down 4.4% during trading on Monday . The stock traded as low as $5.10 and last traded at $5.22. 2,067,364 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 5,858,391 shares. The stock had previously closed at $5.46.

Analyst Ratings Changes

AGL has been the subject of a number of research analyst reports. Wolfe Research downgraded agilon health from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 8th. TD Cowen downgraded agilon health from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $12.00 to $6.50 in a research report on Monday, February 26th. Benchmark dropped their price target on agilon health from $13.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Evercore ISI dropped their price target on agilon health from $7.00 to $6.00 and set an “in-line” rating for the company in a research report on Wednesday, February 28th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $6.50 price objective (down from $25.00) on shares of agilon health in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.46.

agilon health Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.51 and a current ratio of 1.51. The company has a 50-day moving average of $5.68 and a two-hundred day moving average of $9.66.

agilon health (NYSE:AGL) last released its earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.13). agilon health had a negative return on equity of 21.74% and a negative net margin of 5.76%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted ($0.14) earnings per share. The company’s revenue was up 71.8% compared to the same quarter last year. Research analysts predict that agilon health, inc. will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Signaturefd LLC raised its stake in shares of agilon health by 73.7% in the third quarter. Signaturefd LLC now owns 1,673 shares of the company’s stock worth $30,000 after purchasing an additional 710 shares during the last quarter. CWM LLC increased its position in agilon health by 83.7% during the third quarter. CWM LLC now owns 1,585 shares of the company’s stock valued at $28,000 after acquiring an additional 722 shares during the last quarter. Bailard Inc. increased its position in agilon health by 1.9% during the third quarter. Bailard Inc. now owns 43,752 shares of the company’s stock valued at $777,000 after acquiring an additional 803 shares during the last quarter. Arizona State Retirement System increased its position in agilon health by 1.4% during the third quarter. Arizona State Retirement System now owns 86,455 shares of the company’s stock valued at $1,535,000 after acquiring an additional 1,169 shares during the last quarter. Finally, Scotia Capital Inc. increased its position in agilon health by 1.3% during the fourth quarter. Scotia Capital Inc. now owns 132,576 shares of the company’s stock valued at $1,664,000 after acquiring an additional 1,741 shares during the last quarter.

agilon health Company Profile

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.