Doximity (NASDAQ:DOCS) Sees Strong Trading Volume

Shares of Doximity, Inc. (NASDAQ:DOCSGet Free Report) saw unusually-high trading volume on Monday . Approximately 934,776 shares were traded during trading, a decline of 46% from the previous session’s volume of 1,737,725 shares.The stock last traded at $26.02 and had previously closed at $26.91.

Wall Street Analyst Weigh In

DOCS has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on Doximity from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. SVB Leerink initiated coverage on Doximity in a research report on Monday, February 26th. They set a “market perform” rating and a $32.00 target price on the stock. Barclays initiated coverage on Doximity in a research report on Wednesday, January 3rd. They set an “equal weight” rating and a $31.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Doximity from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, March 15th. Finally, Evercore ISI restated an “in-line” rating and issued a $30.00 target price on shares of Doximity in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.82.

Read Our Latest Analysis on DOCS

Doximity Stock Down 2.3 %

The company has a market cap of $4.81 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 3.32 and a beta of 1.17. The company has a fifty day moving average of $28.20 and a 200 day moving average of $25.71.

Doximity (NASDAQ:DOCSGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. Doximity had a return on equity of 16.08% and a net margin of 29.39%. The business had revenue of $135.28 million during the quarter, compared to analyst estimates of $127.46 million. As a group, research analysts forecast that Doximity, Inc. will post 0.72 EPS for the current year.

Insider Transactions at Doximity

In related news, Director Kira Scherer Wampler sold 2,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.97, for a total value of $67,425.00. Following the sale, the director now directly owns 10,258 shares in the company, valued at $276,658.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 39.40% of the company’s stock.

Hedge Funds Weigh In On Doximity

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP grew its position in shares of Doximity by 177.8% during the 3rd quarter. Quantbot Technologies LP now owns 136,782 shares of the company’s stock valued at $2,903,000 after acquiring an additional 87,546 shares during the period. Vanguard Group Inc. boosted its holdings in Doximity by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 11,038,475 shares of the company’s stock worth $234,236,000 after buying an additional 616,157 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Doximity by 10.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,066 shares of the company’s stock worth $14,834,000 after buying an additional 67,363 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in Doximity in the 4th quarter worth about $6,518,000. Finally, Polen Capital Management LLC boosted its holdings in Doximity by 11.6% in the 3rd quarter. Polen Capital Management LLC now owns 215,037 shares of the company’s stock worth $4,563,000 after buying an additional 22,377 shares during the last quarter. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Doximity Company Profile

(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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