Doximity, Inc. (NASDAQ:DOCS) Receives $64.22 Average PT from Analysts

Doximity, Inc. (NASDAQ:DOCS) has been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $64.22.

Several analysts recently weighed in on the stock. Raymond James reiterated an “outperform” rating and issued a $83.00 price target (up previously from $65.00) on shares of Doximity in a report on Friday, February 7th. The Goldman Sachs Group lifted their price target on Doximity from $58.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Mizuho lifted their price target on Doximity from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Leerink Partners raised Doximity from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $60.00 to $90.00 in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on Doximity from $30.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st.

Insider Buying and Selling at Doximity

In related news, Director Timothy S. Cabral sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $57.62, for a total transaction of $1,152,400.00. Following the completion of the transaction, the director now directly owns 6,360 shares in the company, valued at approximately $366,463.20. The trade was a 75.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 37.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its holdings in Doximity by 468.1% in the 4th quarter. Global Retirement Partners LLC now owns 534 shares of the company’s stock worth $29,000 after purchasing an additional 440 shares in the last quarter. UMB Bank n.a. raised its holdings in Doximity by 69.1% during the 4th quarter. UMB Bank n.a. now owns 575 shares of the company’s stock valued at $31,000 after buying an additional 235 shares during the period. Larson Financial Group LLC raised its holdings in Doximity by 49.4% during the 4th quarter. Larson Financial Group LLC now owns 756 shares of the company’s stock valued at $40,000 after buying an additional 250 shares during the period. Farther Finance Advisors LLC raised its holdings in Doximity by 324.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 789 shares of the company’s stock valued at $34,000 after buying an additional 603 shares during the period. Finally, Optimum Investment Advisors purchased a new stake in Doximity during the 4th quarter valued at $43,000. 87.19% of the stock is owned by hedge funds and other institutional investors.

Doximity Stock Up 4.2 %

Shares of Doximity stock opened at $63.33 on Wednesday. The firm has a market cap of $11.82 billion, a PE ratio of 63.33, a price-to-earnings-growth ratio of 4.10 and a beta of 1.34. The company’s fifty day simple moving average is $63.63 and its two-hundred day simple moving average is $52.72. Doximity has a 12-month low of $22.96 and a 12-month high of $85.21.

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.