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

First Horizon Advisors Inc. boosted its stake in shares of Doximity, Inc. (NASDAQ:DOCS) by 111.3% during the 4th quarter, according to its most recent filing with the SEC. The firm 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.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in Doximity during the fourth quarter worth about $40,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Doximity by 16.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,301 shares of the company’s stock valued at $93,000 after purchasing an additional 473 shares during the period. Neo Ivy Capital Management acquired a new stake in Doximity during the third quarter valued at $109,000. PNC Financial Services Group Inc. increased its holdings in Doximity by 16.6% in 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. boosted its stake in shares of Doximity by 174.5% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,929 shares of the company’s stock worth $146,000 after acquiring an additional 4,405 shares in the last quarter. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Doximity Price Performance

NASDAQ DOCS opened at $23.89 on Thursday. Doximity, Inc. has a 12 month low of $19.71 and a 12 month high of $36.29. The stock has a market capitalization of $4.46 billion, a P/E ratio of 36.20, a PEG ratio of 3.03 and a beta of 1.18. The firm’s 50-day moving average is $26.30 and its two-hundred day moving average is $26.35.

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 analysts’ consensus estimates 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, analysts anticipate that Doximity, Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Kira Scherer Wampler sold 2,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $26.97, for a total value of $67,425.00. Following the sale, the director now owns 10,258 shares in the company, valued at approximately $276,658.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 39.40% of the stock is owned by insiders.

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.