Doximity, Inc. (NASDAQ:DOCS) Given Average Rating of “Hold” by Brokerages

Shares of Doximity, Inc. (NASDAQ:DOCS) have earned a consensus rating of “Hold” from the eighteen analysts that are covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $52.27.

A number of brokerages have recently issued reports on DOCS. KeyCorp raised shares of Doximity from a “sector weight” rating to an “overweight” rating and set a $70.00 target price on the stock in a report on Friday, November 8th. Wells Fargo & Company raised Doximity from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $19.00 to $41.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on Doximity from $30.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Robert W. Baird raised their price target on Doximity from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. Finally, Evercore ISI upped their price objective on shares of Doximity from $34.00 to $45.00 and gave the company an “in-line” rating in a report on Tuesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of Doximity by 324.2% in the third 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. Morse Asset Management Inc acquired a new position in Doximity in the 3rd quarter valued at $46,000. Blue Trust Inc. lifted its position in shares of Doximity by 621.4% during the 2nd quarter. Blue Trust Inc. now owns 1,385 shares of the company’s stock valued at $37,000 after acquiring an additional 1,193 shares during the period. GAMMA Investing LLC lifted its position in shares of Doximity by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,439 shares of the company’s stock valued at $63,000 after acquiring an additional 412 shares during the period. Finally, Quarry LP increased its position in shares of Doximity by 101.2% in the second quarter. Quarry LP now owns 1,616 shares of the company’s stock worth $45,000 after purchasing an additional 131,253 shares during the period. 87.19% of the stock is owned by institutional investors.

Doximity Trading Down 0.7 %

NASDAQ DOCS opened at $53.00 on Monday. The firm has a market capitalization of $9.89 billion, a P/E ratio of 60.92, a price-to-earnings-growth ratio of 4.25 and a beta of 1.30. The firm’s fifty day moving average price is $45.86 and its two-hundred day moving average price is $36.09. Doximity has a 1 year low of $22.96 and a 1 year high of $61.75.

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.