Raymond James Financial Services Advisors Inc. Grows Stock Holdings in Doximity, Inc. (NASDAQ:DOCS)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Doximity, Inc. (NASDAQ:DOCS) by 21.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,247 shares of the company’s stock after acquiring an additional 3,978 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Doximity were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DOCS. Weiss Multi Strategy Advisers LLC raised its stake in shares of Doximity by 6.9% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 4,810 shares of the company’s stock valued at $251,000 after acquiring an additional 310 shares during the period. Royal Bank of Canada raised its stake in shares of Doximity by 0.7% in the third quarter. Royal Bank of Canada now owns 66,135 shares of the company’s stock valued at $1,404,000 after acquiring an additional 455 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of Doximity by 16.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,301 shares of the company’s stock valued at $93,000 after acquiring an additional 473 shares during the period. EFG Asset Management Americas Corp. raised its stake in shares of Doximity by 7.3% in the second quarter. EFG Asset Management Americas Corp. now owns 7,125 shares of the company’s stock valued at $242,000 after acquiring an additional 484 shares during the period. Finally, Xponance Inc. raised its stake in shares of Doximity by 2.7% in the third quarter. Xponance Inc. now owns 19,522 shares of the company’s stock valued at $414,000 after acquiring an additional 508 shares during the period. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Insider Activity

In other 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 value of $67,425.00. Following 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 39.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOCS. Bank of America increased their target price on shares of Doximity from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Evercore ISI restated an “in-line” rating and issued a $30.00 price target on shares of Doximity in a report on Tuesday, April 2nd. Wells Fargo & Company upped their price target on shares of Doximity from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Barclays initiated coverage on shares of Doximity in a report on Wednesday, January 3rd. They issued an “equal weight” rating and a $31.00 price target on the stock. Finally, Truist Financial upped their price target on shares of Doximity from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Doximity has a consensus rating of “Hold” and an average target price of $28.82.

Doximity Price Performance

Shares of Doximity stock opened at $25.18 on Thursday. Doximity, Inc. has a 1 year low of $19.71 and a 1 year high of $37.10. The firm’s 50-day moving average is $27.68 and its two-hundred day moving average is $26.08. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 3.20 and a beta of 1.17.

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

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.