Doximity (NASDAQ:DOCS) Earns Neutral Rating from Analysts at Mizuho

Mizuho began coverage on shares of Doximity (NASDAQ:DOCS) in a report released on Wednesday morning, MarketBeat reports. The brokerage issued a neutral rating and a $55.00 price objective on the stock.

Several other analysts have also commented on the stock. Morgan Stanley upgraded shares of Doximity from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $33.00 to $53.00 in a research report on Thursday, November 14th. Evercore ISI raised their target price on Doximity from $34.00 to $45.00 and gave the company an “in-line” rating in a research report on Tuesday, October 8th. Truist Financial upped their price target on Doximity from $35.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Robert W. Baird raised their price objective on Doximity from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. Finally, Bank of America upped their target price on Doximity from $32.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Doximity has an average rating of “Hold” and a consensus price target of $52.44.

Doximity Trading Up 0.4 %

Doximity stock opened at $55.54 on Wednesday. The firm has a market cap of $10.37 billion, a PE ratio of 63.84, a P/E/G ratio of 4.34 and a beta of 1.40. Doximity has a 12 month low of $22.96 and a 12 month high of $61.75. The stock’s 50 day simple moving average is $46.86 and its two-hundred day simple moving average is $36.82.

Hedge Funds Weigh In On Doximity

A number of institutional investors have recently added to or reduced their stakes in DOCS. Farther Finance Advisors LLC increased its stake in shares of Doximity by 324.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 789 shares of the company’s stock worth $34,000 after acquiring an additional 603 shares during the last quarter. Blue Trust Inc. increased its position in Doximity by 621.4% during the second quarter. Blue Trust Inc. now owns 1,385 shares of the company’s stock worth $37,000 after purchasing an additional 1,193 shares during the last quarter. Quarry LP raised its stake in Doximity by 101.2% during the second quarter. Quarry LP now owns 1,616 shares of the company’s stock worth $45,000 after purchasing an additional 131,253 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Doximity in the 1st quarter valued at about $46,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Doximity in the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 87.19% of the company’s stock.

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.