agilon health (NYSE:AGL) Shares Up 10.7% – Still a Buy?

agilon health, inc. (NYSE:AGL)’s stock price rose 10.7% during mid-day trading on Wednesday . The company traded as high as $1.78 and last traded at $1.76. Approximately 542,032 shares changed hands during trading, a decline of 89% from the average daily volume of 4,938,274 shares. The stock had previously closed at $1.59.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AGL shares. William Blair downgraded shares of agilon health from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Bank of America downgraded agilon health from a “buy” rating to an “underperform” rating and set a $3.00 price objective on the stock. in a report on Wednesday, October 2nd. Citigroup cut their price target on agilon health from $2.50 to $1.75 and set a “sell” rating on the stock in a report on Wednesday, November 13th. Benchmark reissued a “buy” rating and set a $9.00 target price on shares of agilon health in a research report on Thursday, August 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $3.00 price target on shares of agilon health in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.05.

agilon health Price Performance

The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $4.76. The stock has a market cap of $733.40 million, a price-to-earnings ratio of -1.89 and a beta of 0.60.

agilon health (NYSE:AGL) last posted its earnings results on Thursday, November 7th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.19). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. agilon health had a negative net margin of 6.88% and a negative return on equity of 47.84%. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, research analysts anticipate that agilon health, inc. will post -0.47 EPS for the current fiscal year.

Insider Activity at agilon health

In other agilon health news, CEO Steven Sell bought 20,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the acquisition, the chief executive officer now directly owns 67,590 shares of the company’s stock, valued at approximately $227,102.40. This trade represents a 42.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AGL. J.Safra Asset Management Corp raised its holdings in shares of agilon health by 626.1% during the second quarter. J.Safra Asset Management Corp now owns 4,204 shares of the company’s stock worth $27,000 after acquiring an additional 3,625 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in agilon health in the 3rd quarter worth about $28,000. City State Bank purchased a new stake in shares of agilon health during the 3rd quarter worth about $52,000. CWM LLC lifted its holdings in shares of agilon health by 406.5% during the 2nd quarter. CWM LLC now owns 9,081 shares of the company’s stock valued at $59,000 after buying an additional 7,288 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in shares of agilon health in the 2nd quarter valued at approximately $60,000.

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.