Doximity (NASDAQ:DOCS) Coverage Initiated by Analysts at Mizuho

Investment analysts at Mizuho initiated coverage on shares of Doximity (NASDAQ:DOCS) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $55.00 price target on the stock. Mizuho’s price objective suggests a potential upside of 1.48% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley upgraded shares of Doximity from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $33.00 to $53.00 in a report on Thursday, November 14th. Baird R W upgraded shares of Doximity to a “strong-buy” rating in a report on Tuesday, September 17th. The Goldman Sachs Group initiated coverage on shares of Doximity in a report on Friday, November 15th. They issued a “neutral” rating and a $58.00 price target for the company. Robert W. Baird boosted their price target on shares of Doximity from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. Finally, Needham & Company LLC upgraded shares of Doximity from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, August 9th. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Doximity currently has an average rating of “Hold” and an average target price of $52.44.

Doximity Trading Up 1.5 %

DOCS stock opened at $54.20 on Wednesday. Doximity has a 12 month low of $22.96 and a 12 month high of $61.75. The company has a 50-day moving average price of $46.10 and a 200 day moving average price of $36.39. The stock has a market cap of $10.12 billion, a PE ratio of 62.30, a P/E/G ratio of 4.28 and a beta of 1.40.

Institutional Trading of Doximity

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Trust acquired a new stake in shares of Doximity in the third quarter worth $247,000. Franklin Resources Inc. increased its stake in shares of Doximity by 564.1% in the third quarter. Franklin Resources Inc. now owns 83,098 shares of the company’s stock worth $3,487,000 after acquiring an additional 70,585 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Doximity in the third quarter worth $24,691,000. Geode Capital Management LLC increased its stake in shares of Doximity by 19.8% in the third quarter. Geode Capital Management LLC now owns 2,856,984 shares of the company’s stock worth $124,503,000 after acquiring an additional 472,565 shares during the period. Finally, M&T Bank Corp purchased a new stake in Doximity during the third quarter worth $351,000. Institutional investors and hedge funds own 87.19% of the company’s stock.

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.