Farther Finance Advisors LLC Buys 603 Shares of Doximity, Inc. (NASDAQ:DOCS)

Farther Finance Advisors LLC grew its position in Doximity, Inc. (NASDAQ:DOCS) by 324.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 789 shares of the company’s stock after acquiring an additional 603 shares during the period. Farther Finance Advisors LLC’s holdings in Doximity were worth $34,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Swedbank AB acquired a new position in Doximity in the 1st quarter valued at approximately $91,673,000. Capital World Investors boosted its holdings in Doximity by 250.7% in the first quarter. Capital World Investors now owns 1,714,707 shares of the company’s stock worth $46,143,000 after acquiring an additional 1,225,707 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Doximity by 15.8% in 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 buying an additional 873,682 shares in the last quarter. Janus Henderson Group PLC lifted its position in Doximity by 33.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,474,695 shares of the company’s stock valued at $66,594,000 after acquiring an additional 621,590 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Doximity by 7.1% during the 2nd quarter. Clearbridge Investments LLC now owns 5,853,035 shares of the company’s stock valued at $163,709,000 after purchasing an additional 387,200 shares during the last quarter. 87.19% of the stock is currently owned by institutional investors.

Doximity Price Performance

NASDAQ DOCS opened at $52.05 on Friday. Doximity, Inc. has a 1 year low of $22.96 and a 1 year high of $61.75. The company’s 50 day simple moving average is $42.81 and its two-hundred day simple moving average is $33.81. The stock has a market capitalization of $9.66 billion, a PE ratio of 60.38, a P/E/G ratio of 5.08 and a beta of 1.30.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DOCS. Raymond James restated an “outperform” rating and set a $65.00 price objective (up from $37.00) on shares of Doximity in a research note on Friday, November 8th. Evercore ISI boosted their target price on Doximity from $34.00 to $45.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 8th. Robert W. Baird upped their target price on Doximity from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. Bank of America lifted their price target on Doximity from $32.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Wells Fargo & Company upgraded Doximity from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $19.00 to $41.00 in a research note on Friday, November 8th. Ten 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.57.

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.