FourThought Financial Partners LLC Lowers Stock Holdings in Doximity, Inc. (NASDAQ:DOCS)

FourThought Financial Partners LLC lessened its holdings in Doximity, Inc. (NASDAQ:DOCS) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,680 shares of the company’s stock after selling 433 shares during the quarter. FourThought Financial Partners LLC’s holdings in Doximity were worth $636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in shares of Doximity by 111.3% in the fourth quarter. First Horizon Advisors Inc. now owns 995 shares of the company’s stock worth $28,000 after acquiring an additional 524 shares during the period. GAMMA Investing LLC bought a new position in Doximity in the 4th quarter worth approximately $40,000. Creative Financial Designs Inc. ADV grew its holdings in Doximity by 16.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,301 shares of the company’s stock valued at $93,000 after buying an additional 473 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Doximity during the 3rd quarter valued at approximately $109,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Doximity by 16.6% during the third quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock valued at $138,000 after buying an additional 925 shares during the last quarter. 87.19% of the stock is owned by institutional investors.

Doximity Stock Performance

NASDAQ DOCS traded down $0.23 during trading on Friday, hitting $24.09. The stock had a trading volume of 716,659 shares, compared to its average volume of 1,438,731. Doximity, Inc. has a one year low of $19.71 and a one year high of $36.29. The stock has a 50 day simple moving average of $26.45 and a 200 day simple moving average of $26.32. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 3.03 and a beta of 1.18.

Doximity (NASDAQ:DOCS) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Doximity had a return on equity of 16.08% and a net margin of 29.39%. The firm had revenue of $135.28 million during the quarter, compared to analyst estimates of $127.46 million. On average, sell-side analysts predict that Doximity, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

DOCS has been the subject of a number of research reports. Morgan Stanley restated an “underweight” rating and set a $25.00 target price on shares of Doximity in a research report on Tuesday, April 23rd. Wells Fargo & Company raised their price objective on Doximity from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Truist Financial boosted their target price on Doximity from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Evercore ISI restated an “in-line” rating and set a $30.00 price target on shares of Doximity in a report on Tuesday, April 2nd. Finally, SVB Leerink started coverage on shares of Doximity in a report on Monday, February 26th. They issued a “market perform” rating and a $32.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.82.

Insider Transactions at Doximity

In related news, Director Kira Scherer Wampler sold 2,500 shares of Doximity stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $26.97, for a total transaction of $67,425.00. Following the completion of the sale, the director now owns 10,258 shares in the company, valued at approximately $276,658.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 39.40% of the company’s stock.

Doximity 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.