agilon health (NYSE:AGL) Shares Up 5.6%

agilon health, inc. (NYSE:AGL)’s stock price shot up 5.6% during trading on Thursday . The stock traded as high as $5.30 and last traded at $5.29. 1,039,430 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 5,830,453 shares. The stock had previously closed at $5.01.

Analyst Ratings Changes

Several brokerages have recently commented on AGL. Royal Bank of Canada reduced their target price on shares of agilon health from $11.00 to $8.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Wolfe Research downgraded shares of agilon health from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 8th. TD Cowen downgraded shares of agilon health from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $12.00 to $6.50 in a research note on Monday, February 26th. Evercore ISI reduced their target price on shares of agilon health from $7.00 to $6.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 28th. Finally, Truist Financial reduced their price target on shares of agilon health from $10.00 to $7.50 and set a “hold” rating on the stock in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.73.

agilon health Trading Up 1.3 %

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 market capitalization of $2.23 billion, a price-to-earnings ratio of -8.38 and a beta of 0.49. The business’s 50-day simple moving average is $5.75 and its 200-day simple moving average is $9.95.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its stake in shares of agilon health by 41.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,553 shares of the company’s stock valued at $37,000 after acquiring an additional 453 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of agilon health by 1.5% in the 4th quarter. Captrust Financial Advisors now owns 32,971 shares of the company’s stock valued at $532,000 after acquiring an additional 487 shares during the last quarter. Signaturefd LLC increased its stake in shares of agilon health by 73.7% in the 3rd quarter. Signaturefd LLC now owns 1,673 shares of the company’s stock valued at $30,000 after acquiring an additional 710 shares during the last quarter. CWM LLC increased its stake in shares of agilon health by 83.7% in the 3rd 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. Finally, Bailard Inc. increased its stake in shares of agilon health by 1.9% in the 3rd 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.

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.