Doximity, Inc. (NASDAQ:DOCS) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its position in shares of Doximity, Inc. (NASDAQ:DOCS) by 111.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 995 shares of the company’s stock after purchasing an additional 524 shares during the period. First Horizon Advisors Inc.’s holdings in Doximity were worth $28,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DOCS. GAMMA Investing LLC acquired a new stake in Doximity during the fourth quarter worth about $40,000. Creative Financial Designs Inc. ADV increased its position in Doximity by 16.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,301 shares of the company’s stock worth $93,000 after purchasing an additional 473 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Doximity in the third quarter valued at approximately $109,000. PNC Financial Services Group Inc. lifted its position in Doximity by 16.6% during the third quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock valued at $138,000 after buying an additional 925 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Doximity by 174.5% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,929 shares of the company’s stock worth $146,000 after buying an additional 4,405 shares during the period. 87.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Doximity

In other news, Director Kira Scherer Wampler sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.97, for a total transaction of $67,425.00. Following the completion of the transaction, the director now directly owns 10,258 shares of the company’s stock, valued at $276,658.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.40% of the company’s stock.

Doximity Stock Performance

NASDAQ:DOCS opened at $23.89 on Thursday. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 3.03 and a beta of 1.18. Doximity, Inc. has a one year low of $19.71 and a one year high of $36.29. The stock has a 50-day simple moving average of $26.30 and a 200 day simple moving average of $26.35.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on DOCS shares. Wells Fargo & Company lifted their target price on shares of Doximity from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Bank of America increased their target price on Doximity from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Truist Financial upped their price target on Doximity from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Evercore ISI reiterated an “in-line” rating and set a $30.00 price objective on shares of Doximity in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Doximity from an “underweight” rating to a “neutral” rating and set a $25.00 target price for the company in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Doximity currently has an average rating of “Hold” and an average price target of $28.82.

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.