Doximity (NASDAQ:DOCS) Now Covered by The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group assumed coverage on shares of Doximity (NASDAQ:DOCS) in a report issued on Friday, MarketBeat reports. The firm set a “neutral” rating and a $58.00 price target on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 11.43% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Evercore ISI lifted their price objective on Doximity from $34.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, October 8th. Morgan Stanley upgraded shares of Doximity from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $33.00 to $53.00 in a research note on Thursday. Canaccord Genuity Group cut shares of Doximity from a “buy” rating to a “hold” rating and upped their price target for the company from $40.00 to $60.00 in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Doximity from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Barclays lifted their price target on Doximity from $52.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Doximity presently has an average rating of “Hold” and a consensus target price of $51.07.

Doximity Price Performance

Shares of Doximity stock opened at $52.05 on Friday. Doximity has a 1-year low of $22.96 and a 1-year high of $61.75. The company has a market capitalization of $9.66 billion, a PE ratio of 59.83, a P/E/G ratio of 4.51 and a beta of 1.30. The business has a 50-day moving average of $43.14 and a 200-day moving average of $33.94.

Institutional Trading of Doximity

Institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new stake in Doximity in the 1st quarter worth approximately $27,000. Farther Finance Advisors LLC raised its holdings in Doximity by 324.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 789 shares of the company’s stock valued at $34,000 after acquiring an additional 603 shares in the last quarter. Blue Trust Inc. boosted its stake in Doximity by 621.4% during the second quarter. Blue Trust Inc. now owns 1,385 shares of the company’s stock worth $37,000 after buying an additional 1,193 shares in the last quarter. Quarry LP boosted its position in shares of Doximity by 101.2% during the 2nd quarter. Quarry LP now owns 1,616 shares of the company’s stock valued at $45,000 after acquiring an additional 131,253 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Doximity in the 1st quarter worth approximately $46,000. 87.19% of the stock is currently owned by institutional investors and hedge funds.

Doximity Company Profile

Doximity, Inc operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers.