Doximity (NASDAQ:DOCS) Now Covered by Analysts at Stephens

Analysts at Stephens assumed coverage on shares of Doximity (NASDAQ:DOCS) in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $55.00 price target on the stock. Stephens’ target price would indicate a potential downside of 0.33% from the company’s previous close.

Several other research analysts have also recently weighed in on DOCS. Evercore ISI lifted their price target on shares of Doximity from $34.00 to $45.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 8th. Barclays upped their price target on Doximity from $52.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on Doximity from $30.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Bank of America raised their target price on shares of Doximity from $32.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Doximity in a research report on Friday, November 15th. They set a “neutral” rating and a $58.00 price objective on the stock. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Doximity currently has an average rating of “Hold” and an average target price of $52.59.

Doximity Stock Up 5.7 %

Shares of NASDAQ:DOCS opened at $55.18 on Friday. The stock has a market capitalization of $10.30 billion, a PE ratio of 63.43, a price-to-earnings-growth ratio of 4.16 and a beta of 1.40. The firm’s 50 day moving average price is $48.82 and its 200-day moving average price is $38.57. Doximity has a twelve month low of $22.96 and a twelve month high of $61.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOCS. Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 603 shares during the last quarter. Blue Trust Inc. raised its holdings in 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 buying an additional 1,193 shares during the period. Quarry LP lifted its position in Doximity by 101.2% in the second quarter. Quarry LP now owns 1,616 shares of the company’s stock worth $45,000 after buying an additional 131,253 shares during the last quarter. Morse Asset Management Inc purchased a new position in Doximity during the third quarter worth $46,000. Finally, GAMMA Investing LLC boosted its stake in Doximity by 40.1% during the third quarter. GAMMA Investing LLC now owns 1,439 shares of the company’s stock worth $63,000 after buying an additional 412 shares during the period. Hedge funds and other institutional investors own 87.19% of the company’s stock.

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.