Doximity, Inc. (NASDAQ:DOCS) Receives $52.59 Average PT from Analysts

by · The Markets Daily

Shares of Doximity, Inc. (NASDAQ:DOCS – Get Free Report) have been given an average rating of “Hold” by the twenty analysts that are presently covering the company, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $52.59.

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Doximity in a research note on Friday, November 15th. They issued a “neutral” rating and a $58.00 target price on the stock. KeyCorp raised shares of Doximity from a “sector weight” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research note on Friday, November 8th. Raymond James reiterated an “outperform” rating and set a $65.00 target price (up previously from $37.00) on shares of Doximity in a research report on Friday, November 8th. Baird R W raised Doximity to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Canaccord Genuity Group cut Doximity from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $40.00 to $60.00 in a research note on Wednesday, November 13th.

View Our Latest Stock Report on Doximity

Doximity Stock Down 0.1 %

Doximity stock opened at $53.39 on Friday. The business’s 50-day simple moving average is $51.05 and its 200 day simple moving average is $40.28. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 61.37, a P/E/G ratio of 4.16 and a beta of 1.40. Doximity has a 12-month low of $22.96 and a 12-month high of $61.75.

Hedge Funds Weigh In On Doximity

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Doximity by 30.5% in the third quarter. FMR LLC now owns 6,837,733 shares of the company’s stock valued at $297,920,000 after purchasing an additional 1,598,602 shares in the last quarter. William Blair Investment Management LLC raised its position in Doximity by 15.8% in the 2nd quarter. William Blair Investment Management LLC now owns 6,404,068 shares of the company’s stock valued at $179,122,000 after buying an additional 873,682 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Doximity in the 3rd quarter valued at approximately $29,453,000. Los Angeles Capital Management LLC boosted its position in Doximity by 6,242.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 650,874 shares of the company’s stock worth $28,359,000 after acquiring an additional 640,612 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Doximity during the 3rd quarter worth approximately $24,691,000. Institutional investors own 87.19% of the company’s stock.

About Doximity

(Get Free Report

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.

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