Penserra Capital Management LLC acquired a new position in Doximity, Inc. (NASDAQ:DOCS – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 54,732 shares of the company’s stock, valued at approximately $2,384,000.
Several other large investors have also recently bought and sold shares of the stock. Swedbank AB acquired a new position in Doximity in the 1st quarter valued at approximately $91,673,000. William Blair Investment Management LLC increased its position in shares of Doximity by 15.8% during the second quarter. William Blair Investment Management LLC now owns 6,404,068 shares of the company’s stock valued at $179,122,000 after purchasing an additional 873,682 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Doximity by 6,242.6% in the third quarter. Los Angeles Capital Management LLC now owns 650,874 shares of the company’s stock valued at $28,359,000 after purchasing an additional 640,612 shares in the last quarter. Janus Henderson Group PLC lifted its position in Doximity by 33.5% in the first quarter. Janus Henderson Group PLC now owns 2,474,695 shares of the company’s stock worth $66,594,000 after purchasing an additional 621,590 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Doximity by 7.1% during the second quarter. Clearbridge Investments LLC now owns 5,853,035 shares of the company’s stock worth $163,709,000 after buying an additional 387,200 shares in the last quarter. 87.19% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on DOCS shares. The Goldman Sachs Group initiated coverage on shares of Doximity in a research note on Friday, November 15th. They issued a “neutral” rating and a $58.00 price objective for the company. KeyCorp raised shares of Doximity from a “sector weight” rating to an “overweight” rating and set a $70.00 price target for the company in a research report on Friday, November 8th. Wells Fargo & Company upgraded shares of Doximity from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $19.00 to $41.00 in a research note on Friday, November 8th. Needham & Company LLC upgraded Doximity from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, August 9th. Finally, Truist Financial raised their target price on Doximity from $35.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Doximity currently has a consensus rating of “Hold” and a consensus price target of $52.27.
Doximity Stock Performance
Shares of NASDAQ:DOCS opened at $48.75 on Tuesday. The business has a fifty day moving average of $44.83 and a 200-day moving average of $35.34. Doximity, Inc. has a twelve month low of $22.96 and a twelve month high of $61.75. The firm has a market cap of $9.10 billion, a PE ratio of 56.03, a price-to-earnings-growth ratio of 3.91 and a beta of 1.30.
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.
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