Doximity (NYSE:DOCS) Stock: Insider Watkin Phoebe Yang Sells 1,290 Shares

Doximity, Inc. (NYSE:DOCS) Director Watkin Phoebe Yang sold 1,290 shares of Doximity stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $26.71, for a total transaction of $34,455.90. Following the completion of the sale, the director directly owned 24,744 shares of the company’s stock, valued at approximately $660,912.24. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Doximity Stock Performance

Shares of NYSE DOCS traded down $0.55 during midday trading on Friday, hitting $27.95. 2,672,127 shares of the stock traded hands, compared to its average volume of 4,021,538. The firm has a market capitalization of $4.98 billion, a P/E ratio of 32.89, a PEG ratio of 22.17 and a beta of 1.22. Doximity, Inc. has a one year low of $17.15 and a one year high of $74.33. The firm has a 50-day moving average of $25.04 and a two-hundred day moving average of $23.23.

Doximity (NYSE:DOCS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.16 by $0.13. The company had revenue of $156.62 million during the quarter. Doximity had a return on equity of 18.06% and a net margin of 25.48%.The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Equities analysts forecast that Doximity, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Doximity

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of Doximity by 1,176.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,826 shares of the company’s stock valued at $52,000 after purchasing an additional 1,683 shares during the period. Tidal Investments LLC raised its holdings in Doximity by 207.9% during the second quarter. Tidal Investments LLC now owns 43,761 shares of the company’s stock valued at $908,000 after acquiring an additional 29,546 shares during the period. Engineers Gate Manager LP lifted its position in shares of Doximity by 15.9% in the second quarter. Engineers Gate Manager LP now owns 285,198 shares of the company’s stock valued at $5,915,000 after acquiring an additional 39,223 shares in the last quarter. RFG Advisory LLC bought a new position in shares of Doximity in the second quarter worth about $1,161,000. Finally, Nykredit A S purchased a new stake in shares of Doximity during the second quarter worth about $96,000. 87.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Evercore set a $35.00 price target on shares of Doximity in a research report on Tuesday. Truist Financial raised their price objective on shares of Doximity from $19.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, August 13th. Wolfe Research upgraded shares of Doximity to an “outperform” rating in a research report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 target price on shares of Doximity in a report on Friday, August 7th. Finally, Stifel Nicolaus set a $27.00 price target on shares of Doximity in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.95.

About Doximity

Doximity, Inc operates a digital platform designed for U.S. medical professionals. Its network enables physicians, nurse practitioners, physician assistants and other healthcare providers to connect with colleagues, exchange clinical information and access professional resources.

The company offers tools for telehealth and care coordination, including video and phone-based communication services, as well as digital faxing and secure messaging capabilities. Doximity also provides medical news and research content tailored to healthcare professionals.

Doximity generates additional business through recruiting and marketing solutions that help healthcare organizations reach clinicians and promote employment opportunities, services and products.