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DocGo Inc. is acquired by Allspring Global Investments Holdings LLC for $3.01 million (NASDAQ:DCGO)

DocGo Inc. is acquired by Allspring Global Investments Holdings LLC for $3.01 million (NASDAQ:DCGO)

According to the most recent report that Allspring Global Investments Holdings LLC has provided to the Securities and Exchange Commission, the company made a brand new investment in DocGo Inc. (NASDAQ: DCGO) during the third quarter of this year. The corporation paid approximately $3,012,000 to purchase 303,661 shares of stock in the company, bringing the total number of shares it owns to approximately 302,661. In the most recent report that Allspring Global Investments Holdings LLC provided to the Securities and Exchange Commission, the company indicated that it owned DocGo to the extent of 0.30%.

In the most recent period, several other hedge funds have implemented various changes to the positions they currently hold in the company. During the third quarter, Emerald Advisers LLC achieved a 0.6% increase in the proportion of DocGo stock it owned. The most recent quarter saw Emerald Advisers LLC acquire an additional 11,153 shares of the company’s stock. This brought the total number of shares directly owned by the company to 1,854,392, with a portfolio value of $18,396,000y currently held in the company. During the third quarter, Emerald Advisers LLC achieved a 0.6% increase in the proportion of DocGo stock it owned. The most recent quarter saw Emerald Advisers LLC acquire an additional 11,153 shares of the company’s stock. This brought the total number of shares directly owned by the company to 1,854,392, with a portfolio value of $18,396,000. During the second quarter, State Street Corporation achieved a 352.2% increase in the proportion of DocGo that it owns. State Street Corp now owns 1,660,0004 shares after purchasing an additional 1,292,941 shares during the most recent quarter. The current value of these shares is $11,852,000. The Emerald Mutual Fund Advisers Trust increased the amount of DocGo stock owned by 0.5 percent over the third quarter. During the most recent fiscal quarter, Emerald Mutual Fund Advisers Trust purchased an additional 6,934 shares of the company’s stock. This brings the total number of shares that it currently owns in the company to 1,520,410, which has a value of $15,082,000. A 17.7% increase in BlackRock Inc.’s ownership stake in DocGo was achieved during the first three months of 2018. BlackRock Inc. now has a total holding of 1,156,560 shares of the company’s stock, which are currently valued at $10,699,000 after purchasing an additional 174,087 shares during the most recent quarter. This brings the total number of shares owned by BlackRock Inc. to 1,156,560. And finally, during the first three months of this year, Vanguard Group Inc. added 1.4% more DOGO stock to its existing holdings in its investment portfolio. Following purchasing 14,704 additional shares during the most recent fiscal quarter, Vanguard Group Inc. now owns a total of 1,049,027 shares in the company, which have a value of $9,704,000. These shares were added to the company’s holdings. Currently, 36.88% of the company’s shares are owned by hedge funds and other institutional investors.

Thursday was the first day that DCGO was traded, and the initial price was $8.40. The price-to-earnings ratio for the company is 19.09, and its beta value is equal to 0.64. The company’s total value, as measured by its market capitalization, is $860.25 million. The company’s simple moving average for the past fifty days is $7.16, and the simple moving average for the past 200 days is $8.59. There is no debt-to-equity ratio; the quick ratio is 3.54, and the current ratio is also 3.54. DocGo Inc. reached its all-time high of $11.41 during the company’s most recent 52-week period, while its 52-week low was $4.96.

The most recent earnings report for DocGo, which is publicly traded and can be found on the NASDAQ under the symbol DCGO, was released on November 7th. The company’s earnings per share for the quarter came in at $0.05, which was in line with the consensus estimate of $0.05 for the quarter’s earnings per share. The company’s sales for the quarter came in at $104.32 million, which is significantly higher than the industry analysts’ prediction of $98.12 million, which they had made earlier. DocGo had a return on equity of 16.14% and a net margin of 10.34%, which are respectable figures for a business. According to projections made by industry analysts, the current financial year is expected to result in $0.28 per share earnings for DocGo Inc.

In both the United States of America and the United Kingdom, DocGo, Inc. serves many hospitals, clinics, and other medical facilities by providing mobile healthcare and medical transportation services. The company not only offers services for dealing with urgent situations, but it also offers transportation for non-urgent matters, such as moving wheelchairs and ambulances. The company also offers services for dealing with urgent situations.

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