Doximity (DOCS) versus Its Peers Head to Head Comparison

Doximity (NASDAQ:DOCSGet Rating) is one of 62 public companies in the “Custom computer programming services” industry, but how does it contrast to its peers? We will compare Doximity to related businesses based on the strength of its institutional ownership, valuation, earnings, risk, profitability, dividends and analyst recommendations.

Institutional and Insider 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, endowments and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of current ratings and price targets for Doximity and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Doximity 1 2 9 0 2.67
Doximity Competitors 399 1764 2597 89 2.49

Doximity currently has a consensus target price of $47.92, indicating a potential upside of 50.26%. As a group, “Custom computer programming services” companies have a potential upside of 45.92%. Given Doximity’s stronger consensus rating and higher possible upside, equities analysts clearly believe Doximity is more favorable than its peers.

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%

Valuation & Earnings

This table compares Doximity and its peers top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Doximity $343.55 million $50.21 million 46.22
Doximity Competitors $2.13 billion $202.40 million 21.74

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.

Summary

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

Doximity Company Profile (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.

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