Janney Montgomery Scott LLC increased its position in Doximity, Inc. (NASDAQ:DOCS – Get Rating) by 38.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,836 shares of the company’s stock after acquiring an additional 6,283 shares during the period. Janney Montgomery Scott LLC’s holdings in Doximity were worth $690,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. D.A. Davidson & CO. increased its holdings in shares of Doximity by 2.8% in the 2nd quarter. D.A. Davidson & CO. now owns 10,050 shares of the company’s stock worth $350,000 after acquiring an additional 273 shares during the period. Weiss Multi Strategy Advisers LLC increased its holdings in shares of Doximity by 6.9% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 4,810 shares of the company’s stock worth $251,000 after acquiring an additional 310 shares during the period. Washington Trust Advisors Inc. increased its holdings in shares of Doximity by 80.1% in the 2nd quarter. Washington Trust Advisors Inc. now owns 962 shares of the company’s stock worth $33,000 after acquiring an additional 428 shares during the period. Griffin Asset Management Inc. increased its holdings in shares of Doximity by 4.4% in the 3rd quarter. Griffin Asset Management Inc. now owns 12,970 shares of the company’s stock worth $392,000 after acquiring an additional 550 shares during the period. Finally, Beacon Pointe Advisors LLC increased its holdings in shares of Doximity by 2.4% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 23,729 shares of the company’s stock worth $825,000 after acquiring an additional 560 shares during the period. Institutional investors and hedge funds own 52.48% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on DOCS shares. Morgan Stanley cut shares of Doximity from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $32.00 to $29.00 in a research note on Friday, January 6th. Wells Fargo & Company raised their target price on shares of Doximity from $38.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 11th. BTIG Research started coverage on shares of Doximity in a research note on Thursday, October 13th. They set a “neutral” rating on the stock. Piper Sandler lowered their target price on shares of Doximity from $39.00 to $35.00 in a research note on Friday, November 11th. Finally, Evercore ISI raised their target price on shares of Doximity from $28.00 to $32.00 in a research note on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.40.
Doximity Trading Up 2.1 %
Doximity (NASDAQ:DOCS – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Doximity had a net margin of 36.70% and a return on equity of 16.41%. The company had revenue of $102.19 million during the quarter, compared to analysts’ expectations of $99.86 million. On average, research analysts forecast that Doximity, Inc. will post 0.52 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.
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