Doximity (NASDAQ:DOCS) Given New $65.00 Price Target at KeyCorp

Doximity (NASDAQ:DOCS) had its price objective cut by KeyCorp from $70.00 to $65.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $60.00 target price (up previously from $40.00) on shares of Doximity in a research note on Wednesday, November 13th. The Goldman Sachs Group assumed coverage on Doximity in a research report on Friday, November 15th. They issued a “neutral” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Doximity from $30.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Canaccord Genuity Group cut shares of Doximity from a “buy” rating to a “hold” rating and upped their price target for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. Finally, Barclays raised their target price on shares of Doximity from $52.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Doximity presently has a consensus rating of “Hold” and an average price target of $53.00.

Doximity Trading Down 1.0 %

DOCS stock opened at $54.93 on Wednesday. The stock has a market cap of $10.25 billion, a PE ratio of 63.14, a P/E/G ratio of 4.16 and a beta of 1.38. Doximity has a 12 month low of $22.96 and a 12 month high of $61.75. The company has a 50-day moving average price of $52.62 and a 200 day moving average price of $41.32.

Institutional Trading of Doximity

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in Doximity by 30.5% during the 3rd quarter. FMR LLC now owns 6,837,733 shares of the company’s stock valued at $297,920,000 after buying an additional 1,598,602 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Doximity by 15.8% during the second quarter. William Blair Investment Management LLC now owns 6,404,068 shares of the company’s stock valued at $179,122,000 after acquiring an additional 873,682 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Doximity in the 3rd quarter valued at approximately $29,453,000. Los Angeles Capital Management LLC boosted its stake in Doximity by 6,242.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 650,874 shares of the company’s stock worth $28,359,000 after purchasing an additional 640,612 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Doximity during the 3rd quarter worth approximately $24,691,000. Hedge funds and other institutional investors own 87.19% of the company’s stock.

About Doximity

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.