Victory Capital Management Inc. Sells 1,411 Shares of Doximity, Inc. (NASDAQ:DOCS)

Victory Capital Management Inc. decreased its position in shares of Doximity, Inc. (NASDAQ:DOCS) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,500 shares of the company’s stock after selling 1,411 shares during the period. Victory Capital Management Inc.’s holdings in Doximity were worth $1,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Doximity by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,439 shares of the company’s stock worth $63,000 after purchasing an additional 412 shares in the last quarter. Van ECK Associates Corp raised its holdings in Doximity by 19.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,590 shares of the company’s stock valued at $72,000 after acquiring an additional 427 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in shares of Doximity by 3.2% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 17,143 shares of the company’s stock valued at $479,000 after acquiring an additional 537 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Doximity by 324.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 789 shares of the company’s stock worth $34,000 after purchasing an additional 603 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Doximity by 2.4% in the second quarter. Arizona State Retirement System now owns 30,779 shares of the company’s stock valued at $861,000 after purchasing an additional 725 shares in the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.

Doximity Price Performance

Shares of Doximity stock opened at $48.75 on Tuesday. Doximity, Inc. has a one year low of $22.96 and a one year high of $61.75. The stock’s 50-day moving average is $44.83 and its 200 day moving average is $35.34. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 56.03, a PEG ratio of 3.91 and a beta of 1.30.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DOCS shares. Canaccord Genuity Group downgraded 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. Raymond James reiterated an “outperform” rating and issued a $65.00 price target (up previously from $37.00) on shares of Doximity in a research note on Friday, November 8th. Truist Financial upped their price objective on Doximity from $35.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised shares of Doximity from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $19.00 to $41.00 in a report on Friday, November 8th. Finally, Barclays raised their price target on shares of Doximity from $52.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $52.27.

Doximity 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.