Doximity, Inc. (NASDAQ:DOCS) Given Average Rating of “Hold” by Analysts

Shares of Doximity, Inc. (NASDAQ:DOCS) have received a consensus recommendation of “Hold” from the twenty analysts that are covering the stock, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $53.12.

A number of analysts recently commented on DOCS shares. Raymond James restated an “outperform” rating and set a $65.00 price target (up from $37.00) on shares of Doximity in a research note on Friday, November 8th. JPMorgan Chase & Co. increased 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 lowered Doximity from a “buy” rating to a “hold” rating and raised their price target for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. Stephens assumed coverage on Doximity in a research note on Friday, December 20th. They set an “equal weight” rating and a $55.00 price objective on the stock. Finally, Mizuho assumed coverage on Doximity in a report on Wednesday, December 4th. They set a “neutral” rating and a $55.00 price objective on the stock.

Institutional Investors Weigh In On Doximity

Several institutional investors have recently added to or reduced their stakes in the company. Lifestyle Asset Management Inc. bought a new position in shares of Doximity during the fourth quarter valued at approximately $356,000. UMB Bank n.a. boosted its position in Doximity by 69.1% during the 4th quarter. UMB Bank n.a. now owns 575 shares of the company’s stock valued at $31,000 after acquiring an additional 235 shares in the last quarter. Hamilton Lane Advisors LLC purchased a new position in shares of Doximity during the 4th quarter worth approximately $1,392,000. Burney Co. bought a new position in shares of Doximity in the 4th quarter worth approximately $1,810,000. Finally, Apella Capital LLC lifted its stake in shares of Doximity by 10.4% in the 4th quarter. Apella Capital LLC now owns 69,320 shares of the company’s stock valued at $3,701,000 after purchasing an additional 6,553 shares during the period. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Doximity Stock Up 1.1 %

NASDAQ DOCS opened at $53.78 on Tuesday. The company has a market cap of $10.04 billion, a PE ratio of 61.82, a price-to-earnings-growth ratio of 4.12 and a beta of 1.38. Doximity has a 52 week low of $22.96 and a 52 week high of $61.75. The firm’s 50-day simple moving average is $53.57 and its two-hundred day simple moving average is $42.85.

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.