California Public Employees Retirement System Has $5.79 Million Stock Position in Doximity, Inc. (NASDAQ:DOCS)

California Public Employees Retirement System raised its holdings in Doximity, Inc. (NASDAQ:DOCS) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 206,578 shares of the company’s stock after acquiring an additional 2,415 shares during the period. California Public Employees Retirement System’s holdings in Doximity were worth $5,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Doximity in the 3rd quarter worth approximately $448,000. Xponance Inc. lifted its position in shares of Doximity by 2.7% in the 3rd quarter. Xponance Inc. now owns 19,522 shares of the company’s stock worth $414,000 after acquiring an additional 508 shares during the period. Raymond James & Associates lifted its position in shares of Doximity by 3.2% in the 3rd quarter. Raymond James & Associates now owns 221,928 shares of the company’s stock worth $4,709,000 after acquiring an additional 6,963 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Doximity by 190.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 18,269 shares of the company’s stock worth $388,000 after acquiring an additional 11,985 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Doximity by 9.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,229,750 shares of the company’s stock worth $26,095,000 after acquiring an additional 107,776 shares during the period. Institutional investors and hedge funds own 87.19% of the company’s stock.

Insider Activity

In related news, Director Kira Scherer Wampler sold 2,500 shares of Doximity stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.97, for a total value of $67,425.00. Following the completion of the sale, the director now directly owns 10,258 shares in the company, valued at $276,658.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DOCS. SVB Leerink began coverage on Doximity in a research report on Monday, February 26th. They issued a “market perform” rating and a $32.00 price objective for the company. Evercore ISI restated an “in-line” rating and set a $30.00 target price on shares of Doximity in a research report on Tuesday, April 2nd. Bank of America raised their target price on Doximity from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Morgan Stanley restated an “underweight” rating and set a $25.00 target price on shares of Doximity in a research report on Tuesday, April 23rd. Finally, Wells Fargo & Company raised their target price on Doximity from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.82.

Doximity Trading Down 0.9 %

Shares of NASDAQ DOCS opened at $24.09 on Friday. Doximity, Inc. has a 1-year low of $19.71 and a 1-year high of $36.29. The company has a 50-day moving average of $26.45 and a two-hundred day moving average of $26.26. The company has a market cap of $4.49 billion, a PE ratio of 36.50, a P/E/G ratio of 3.06 and a beta of 1.18.

Doximity (NASDAQ:DOCS) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.06. The firm 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%. As a group, equities research analysts forecast that Doximity, Inc. will post 0.72 earnings per share for the current year.

Doximity Company 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.