Doximity (NASDAQ:DOCS) Given New $70.00 Price Target at Evercore ISI

Doximity (NASDAQ:DOCS) had its target price reduced by Evercore ISI from $81.00 to $70.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on the company. Bank of America raised Doximity from a “neutral” rating to a “buy” rating and raised their price target for the stock from $75.00 to $82.00 in a research note on Monday, October 27th. Truist Financial raised their target price on shares of Doximity from $52.00 to $61.00 and gave the stock a “hold” rating in a research report on Thursday, July 17th. Piper Sandler boosted their target price on shares of Doximity from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Canaccord Genuity Group upped their price target on shares of Doximity from $59.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group set a $64.00 price target on shares of Doximity and gave the company a “sell” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.84.

Doximity Price Performance

DOCS traded down $8.39 during trading on Friday, hitting $54.20. The company’s stock had a trading volume of 5,709,533 shares, compared to its average volume of 2,085,829. Doximity has a twelve month low of $47.66 and a twelve month high of $85.21. The stock has a market cap of $10.15 billion, a PE ratio of 54.20, a PEG ratio of 4.10 and a beta of 1.36. The firm’s 50 day moving average price is $69.27 and its 200-day moving average price is $62.61.

Doximity (NASDAQ:DOCS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. Doximity had a return on equity of 21.75% and a net margin of 36.60%.The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. Doximity has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts anticipate that Doximity will post 0.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kira Scherer Wampler sold 2,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $66.44, for a total value of $132,880.00. Following the completion of the transaction, the director directly owned 19,839 shares in the company, valued at approximately $1,318,103.16. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy S. Cabral sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $75.00, for a total transaction of $1,500,000.00. Following the sale, the director directly owned 3,221 shares of the company’s stock, valued at approximately $241,575. The trade was a 86.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,000 shares of company stock worth $2,339,580 in the last 90 days. 31.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Doximity

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new position in shares of Doximity during the first quarter valued at approximately $201,000. Bank of Nova Scotia bought a new stake in shares of Doximity in the 1st quarter worth approximately $651,000. Jump Financial LLC acquired a new position in Doximity during the 1st quarter valued at approximately $3,125,000. Hsbc Holdings PLC grew its stake in Doximity by 752.1% during the 1st quarter. Hsbc Holdings PLC now owns 141,191 shares of the company’s stock worth $8,120,000 after buying an additional 124,622 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Doximity in the first quarter worth $665,000. 87.19% of the stock is owned by hedge funds and other institutional investors.

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.