Doximity (DOCS) & Its Peers Financial Contrast

Doximity (NASDAQ:DOCS – Get Rating) is one of 61 publicly-traded companies in the “Custom computer programming services” industry, but how does it compare to its peers? We will compare Doximity to similar businesses based on the strength of its analyst recommendations, valuation, risk, institutional ownership, dividends, earnings and profitability.

Insider & Institutional Ownership

67.9% of Doximity shares are held by institutional investors. Comparatively, 52.4% of shares of all “Custom computer programming services” companies are held by institutional investors. 16.6% of shares of all “Custom computer programming services” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of recent recommendations for Doximity and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Doximity	1	2	9	0	2.67
Doximity Competitors	399	1764	2597	88	2.49

Doximity currently has a consensus target price of $47.92, indicating a potential upside of 51.83%. As a group, “Custom computer programming services” companies have a potential upside of 41.64%. Given Doximity’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Doximity is more favorable than its peers.

Earnings & Valuation

This table compares Doximity and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Doximity	$343.55 million	$50.21 million	45.74
Doximity Competitors	$2.13 billion	$202.40 million	21.61

Doximity’s peers have higher revenue and earnings than Doximity. Doximity is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Doximity and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Doximity	40.52%	17.73%	15.76%
Doximity Competitors	-12.65%	-60.05%	0.61%

Summary

Doximity beats its peers on 8 of the 12 factors compared.

About Doximity (Get Rating)

Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. The company's cloud-based 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. It primarily serves pharmaceutical companies and health systems. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.