agilon health (NYSE:AGL) Trading Down 6.7% – What’s Next?

agilon health, inc. (NYSE:AGL) fell 6.7% on Wednesday . The company traded as low as $1.94 and last traded at $1.96. 500,424 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 4,854,712 shares. The stock had previously closed at $2.10.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Evercore ISI cut their price objective on agilon health from $7.00 to $4.00 and set an “in-line” rating for the company in a report on Tuesday, October 8th. Barclays reduced their price target on agilon health from $5.00 to $2.00 and set an “underweight” rating for the company in a report on Monday, November 11th. JMP Securities cut agilon health from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Bank of America lowered shares of agilon health from a “buy” rating to an “underperform” rating and set a $3.00 price objective on the stock. in a research report on Wednesday, October 2nd. Finally, Citigroup cut their price target on shares of agilon health from $2.50 to $1.75 and set a “sell” rating on the stock in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, agilon health currently has an average rating of “Hold” and a consensus price target of $5.02.

agilon health Stock Performance

The firm’s 50-day moving average price is $2.51 and its 200 day moving average price is $4.46. The company has a market cap of $807.56 million, a price-to-earnings ratio of -2.23 and a beta of 0.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.29.

agilon health (NYSE:AGL) last issued 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 for the quarter, compared to the consensus estimate 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 previous year, the firm posted ($0.06) EPS. On average, sell-side analysts anticipate that agilon health, inc. will post -0.5 EPS for the current year.

Insider Buying and Selling

In other agilon health news, CEO Steven Sell bought 20,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $3.36 per share, with a total value of $67,200.00. Following the completion of the purchase, the chief executive officer now owns 67,590 shares in the company, valued at approximately $227,102.40. The trade was a 42.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On agilon health

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in agilon health by 3,338.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,356,438 shares of the company’s stock valued at $8,871,000 after buying an additional 1,316,990 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of agilon health by 65.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 804,594 shares of the company’s stock worth $5,262,000 after acquiring an additional 316,856 shares in the last quarter. Citigroup Inc. raised its holdings in shares of agilon health by 2,251.5% in the third quarter. Citigroup Inc. now owns 2,028,246 shares of the company’s stock valued at $7,971,000 after purchasing an additional 1,941,993 shares during the last quarter. Simplicity Wealth LLC lifted its position in shares of agilon health by 145.1% in the second quarter. Simplicity Wealth LLC now owns 26,210 shares of the company’s stock worth $171,000 after purchasing an additional 15,515 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in agilon health during the second quarter worth $1,849,000.

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.