New York State Teachers Retirement System Acquires 7,969 Shares of Doximity, Inc. (NASDAQ:DOCS)

New York State Teachers Retirement System raised its position in shares of Doximity, Inc. (NASDAQ:DOCS) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,381 shares of the company’s stock after buying an additional 7,969 shares during the period. New York State Teachers Retirement System’s holdings in Doximity were worth $2,450,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in Doximity during the 1st quarter valued at $38,000. American International Group Inc. purchased a new stake in Doximity during the 2nd quarter valued at $43,000. Geneos Wealth Management Inc. purchased a new stake in Doximity during the 1st quarter valued at $51,000. Point72 Hong Kong Ltd boosted its position in Doximity by 50,950.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,042 shares of the company’s stock valued at $71,000 after buying an additional 2,038 shares during the period. Finally, Captrust Financial Advisors boosted its position in Doximity by 1,611.0% during the 1st quarter. Captrust Financial Advisors now owns 1,711 shares of the company’s stock valued at $89,000 after buying an additional 1,611 shares during the period. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DOCS. Truist Financial increased their price target on shares of Doximity from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Barclays began coverage on shares of Doximity in a research report on Wednesday, January 3rd. They issued an “equal weight” rating and a $31.00 target price for the company. Bank of America raised their target price on shares of Doximity from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Doximity from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, March 15th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $30.00 target price on shares of Doximity in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Doximity has a consensus rating of “Hold” and an average price target of $28.82.

Doximity Price Performance

Shares of NASDAQ DOCS opened at $25.42 on Tuesday. Doximity, Inc. has a 1 year low of $19.71 and a 1 year high of $37.10. The stock has a market cap of $4.74 billion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 3.25 and a beta of 1.17. The firm has a 50-day moving average of $27.77 and a 200 day moving average of $26.06.

Doximity (NASDAQ:DOCS) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The company had revenue of $135.28 million during the quarter, compared to analysts’ expectations of $127.46 million. Doximity had a net margin of 29.39% and a return on equity of 16.08%. Research analysts expect that Doximity, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Doximity

In other Doximity news, Director Kira Scherer Wampler sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $26.97, for a total transaction of $67,425.00. Following the completion of the sale, the director now directly owns 10,258 shares in the company, valued at approximately $276,658.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 39.40% of the stock is owned by company insiders.

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.