Doximity (NASDAQ:DOCS) Price Target Lowered to $65.00 at KeyCorp

Doximity (NASDAQ:DOCS) had its target price cut by investment analysts at KeyCorp from $70.00 to $65.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 18.16% from the stock’s current price.

DOCS has been the subject of several other reports. Evercore ISI raised their target price on Doximity from $34.00 to $45.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 8th. Canaccord Genuity Group restated a “hold” rating and set a $60.00 price target (up previously from $40.00) on shares of Doximity in a report on Wednesday, November 13th. Wells Fargo & Company raised Doximity from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $19.00 to $41.00 in a research note on Friday, November 8th. Robert W. Baird raised their target price on Doximity from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 17th. Finally, The Goldman Sachs Group began coverage on Doximity in a report on Friday, November 15th. They set a “neutral” rating and a $58.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.00.

Doximity Trading Down 0.8 %

DOCS traded down $0.47 during trading on Wednesday, reaching $55.01. 760,291 shares of the company’s stock were exchanged, compared to its average volume of 1,259,106. The firm has a fifty day moving average price of $52.36 and a two-hundred day moving average price of $41.23. The stock has a market capitalization of $10.27 billion, a PE ratio of 63.23, a price-to-earnings-growth ratio of 4.16 and a beta of 1.38. Doximity has a one year low of $22.96 and a one year high of $61.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in 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 purchasing an additional 603 shares in the last quarter. Quarry LP boosted its stake in shares of Doximity by 101.2% in the 2nd quarter. Quarry LP now owns 1,616 shares of the company’s stock worth $45,000 after buying an additional 131,253 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Doximity in the third quarter valued at approximately $46,000. GAMMA Investing LLC increased its position in shares of Doximity by 40.1% during the third quarter. GAMMA Investing LLC now owns 1,439 shares of the company’s stock valued at $63,000 after acquiring an additional 412 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Doximity by 441.9% during the third quarter. Covestor Ltd now owns 1,680 shares of the company’s stock worth $73,000 after acquiring an additional 1,370 shares during the period. 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.