New York State Teachers Retirement System Purchases 7,969 Shares of Doximity, Inc. (NASDAQ:DOCS)

New York State Teachers Retirement System boosted its position in Doximity, Inc. (NASDAQ:DOCS) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,381 shares of the company’s stock after acquiring an additional 7,969 shares during the quarter. New York State Teachers Retirement System’s holdings in Doximity were worth $2,450,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Doximity by 5.9% in the third quarter. Vanguard Group Inc. now owns 11,038,475 shares of the company’s stock valued at $234,236,000 after acquiring an additional 616,157 shares during the last quarter. BlackRock Inc. boosted its position in Doximity by 96.0% in the second quarter. BlackRock Inc. now owns 10,688,411 shares of the company’s stock valued at $363,620,000 after buying an additional 5,235,837 shares in the last quarter. Baillie Gifford & Co. boosted its position in Doximity by 0.9% in the third quarter. Baillie Gifford & Co. now owns 6,656,242 shares of the company’s stock valued at $141,245,000 after buying an additional 57,078 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Doximity by 1.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,456,068 shares of the company’s stock valued at $183,106,000 after buying an additional 53,201 shares in the last quarter. Finally, State Street Corp boosted its position in Doximity by 83.5% in the second quarter. State Street Corp now owns 3,176,208 shares of the company’s stock valued at $108,055,000 after buying an additional 1,444,979 shares in the last quarter. 87.19% of the stock is owned by institutional investors.

Doximity Stock Down 1.7 %

DOCS stock opened at $25.42 on Tuesday. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 3.25 and a beta of 1.17. Doximity, Inc. has a 12-month low of $19.71 and a 12-month high of $37.10. The company’s fifty day simple moving average is $27.77 and its 200 day simple moving average is $26.06.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. SVB Leerink assumed coverage on shares of Doximity in a research report on Monday, February 26th. They issued a “market perform” rating and a $32.00 target price on the stock. Barclays started coverage on shares of Doximity in a research report on Wednesday, January 3rd. They issued an “equal weight” rating and a $31.00 target price on the stock. Leerink Partnrs reiterated a “market perform” rating on shares of Doximity in a report on Monday, February 26th. Bank of America lifted their price target on shares of Doximity from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Doximity from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, March 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.82.

Insider Activity at Doximity

In other Doximity news, Director Kira Scherer Wampler sold 2,500 shares of Doximity stock in a transaction on Monday, April 1st. The shares were 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 of the company’s stock, valued at $276,658.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 39.40% of the stock is owned by company insiders.

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.