Doximity (NASDAQ:DOCS) Shares Down 5% – Should You Sell?

Shares of Doximity, Inc. (NASDAQ:DOCS) traded down 5% during mid-day trading on Friday . The stock traded as low as $68.27 and last traded at $68.94. 416,044 shares traded hands during trading, a decline of 81% from the average session volume of 2,135,669 shares. The stock had previously closed at $72.57.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Doximity from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Canaccord Genuity Group raised their price target on shares of Doximity from $59.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, September 18th. Wells Fargo & Company raised their price target on shares of Doximity from $55.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Raymond James Financial set a $75.00 price target on shares of Doximity in a research note on Wednesday, September 10th. Finally, Bank of America raised their price target on shares of Doximity from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.37.

Doximity Stock Performance

The firm has a market capitalization of $12.31 billion, a PE ratio of 65.70, a price-to-earnings-growth ratio of 4.10 and a beta of 1.38. The business’s 50 day moving average is $68.46 and its two-hundred day moving average is $60.96.

Doximity (NASDAQ:DOCS) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Doximity had a net margin of 36.60% and a return on equity of 21.75%. During the same period last year, the business posted $0.28 earnings per share. Doximity’s revenue for the quarter was up 15.2% compared to the same quarter last year. Doximity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities research analysts predict that Doximity, Inc. will post 0.99 EPS for the current year.

Insider Buying and Selling at Doximity

In other Doximity news, Director Kira Scherer Wampler sold 2,000 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $57.09, for a total value of $114,180.00. Following the completion of the transaction, the director directly owned 16,618 shares of the company’s stock, valued at $948,721.62. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Regina M. Benjamin sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $70.50, for a total transaction of $352,500.00. Following the completion of the transaction, the director directly owned 19,839 shares of the company’s stock, valued at approximately $1,398,649.50. The trade was a 20.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock valued at $2,281,680 in the last three months. Company insiders own 31.30% of the company’s stock.

Institutional Trading of Doximity

A number of hedge funds have recently made changes to their positions in DOCS. Hantz Financial Services Inc. lifted its holdings in shares of Doximity by 148.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 453 shares of the company’s stock worth $28,000 after acquiring an additional 271 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Doximity during the 1st quarter worth $29,000. Allworth Financial LP lifted its holdings in shares of Doximity by 104.0% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 287 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Doximity during the 1st quarter worth $33,000. Finally, Spire Wealth Management raised its position in Doximity by 73.2% in the 1st quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $36,000 after purchasing an additional 260 shares during the period. 87.19% of the stock is owned by institutional investors.

Doximity Company 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.