Doximity (NASDAQ:DOCS) Research Coverage Started at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Doximity (NASDAQ:DOCS) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued a market perform rating and a $55.00 price target on the stock.

Several other research firms also recently issued reports on DOCS. Canaccord Genuity Group dropped their price target on shares of Doximity from $67.00 to $58.00 and set a “hold” rating on the stock in a research note on Monday, November 10th. KeyCorp raised their target price on Doximity from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $62.00 price target on shares of Doximity in a research note on Friday, October 10th. Needham & Company LLC increased their price target on Doximity from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Robert W. Baird raised their price objective on Doximity from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $68.78.

Doximity Trading Down 0.2%

NASDAQ:DOCS opened at $49.62 on Thursday. The firm’s fifty day simple moving average is $67.58 and its 200 day simple moving average is $62.50. Doximity has a twelve month low of $47.66 and a twelve month high of $85.21. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 49.62, a PEG ratio of 4.10 and a beta of 1.36.

Doximity (NASDAQ:DOCS) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Doximity had a return on equity of 21.75% and a net margin of 36.60%.During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. Doximity has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, analysts predict that Doximity will post 0.99 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Timothy S. Cabral sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $75.00, for a total value of $1,500,000.00. Following the sale, the director owned 3,221 shares of the company’s stock, valued at approximately $241,575. This trade represents a 86.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kira Scherer Wampler sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $66.44, for a total value of $132,880.00. Following the transaction, the director owned 19,839 shares of the company’s stock, valued at $1,318,103.16. This represents a 9.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,000 shares of company stock worth $2,339,580 over the last quarter. 31.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Doximity

A number of hedge funds have recently added to or reduced their stakes in DOCS. Ballentine Partners LLC bought a new stake in Doximity during the first quarter worth approximately $201,000. Bank of Nova Scotia acquired a new stake in shares of Doximity during the 1st quarter valued at $651,000. Jump Financial LLC bought a new stake in shares of Doximity during the 1st quarter worth $3,125,000. Hsbc Holdings PLC grew its holdings in shares of Doximity by 752.1% in the 1st quarter. Hsbc Holdings PLC now owns 141,191 shares of the company’s stock worth $8,120,000 after acquiring an additional 124,622 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Doximity during the first quarter worth $665,000. 87.19% of the stock is currently owned by institutional investors.

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.