Doximity (NASDAQ:DOCS) Hits New 1-Year Low – What’s Next?

Doximity, Inc. (NASDAQ:DOCS)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $47.25 and last traded at $47.0620, with a volume of 1414494 shares traded. The stock had previously closed at $49.62.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DOCS shares. Needham & Company LLC upped their price objective on shares of Doximity from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 8th. KeyCorp upped their target price on shares of Doximity from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $62.00 price objective on shares of Doximity in a research note on Friday, October 10th. Bank of America raised Doximity from a “neutral” rating to a “buy” rating and raised their target price for the company from $75.00 to $82.00 in a research report on Monday, October 27th. Finally, Piper Sandler boosted their price target on shares of Doximity from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.78.

Doximity Trading Up 0.8%

The stock has a market cap of $9.00 billion, a PE ratio of 47.93, a PEG ratio of 4.10 and a beta of 1.36. The business has a 50-day moving average price of $66.68 and a 200 day moving average price of $62.38.

Doximity (NASDAQ:DOCS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Doximity had a return on equity of 21.75% and a net margin of 36.60%.The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. Doximity has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities analysts predict that Doximity, Inc. will post 0.99 earnings per share for the current year.

Insider Activity at Doximity

In other Doximity news, Director Timothy S. Cabral sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $75.00, for a total transaction of $1,500,000.00. Following the sale, the director owned 3,221 shares of the company’s stock, valued at $241,575. The trade was a 86.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Regina M. Benjamin sold 5,000 shares of Doximity stock in a transaction on Friday, October 10th. The shares were sold at an average price of $70.84, for a total value of $354,200.00. Following the completion of the transaction, the director owned 19,839 shares of the company’s stock, valued at approximately $1,405,394.76. This trade represents a 20.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 32,000 shares of company stock worth $2,339,580. 31.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Doximity

A number of large investors have recently modified their holdings of DOCS. GAMMA Investing LLC increased its stake in Doximity by 5.9% during the second quarter. GAMMA Investing LLC now owns 2,981 shares of the company’s stock worth $183,000 after purchasing an additional 165 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Doximity by 59.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 480 shares of the company’s stock worth $35,000 after buying an additional 179 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Doximity by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the company’s stock valued at $2,306,000 after purchasing an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Doximity by 0.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 27,500 shares of the company’s stock valued at $2,012,000 after purchasing an additional 200 shares during the last quarter. Finally, Fairvoy Private Wealth LLC raised its stake in Doximity by 1.1% during the 3rd quarter. Fairvoy Private Wealth LLC now owns 19,253 shares of the company’s stock worth $1,408,000 after acquiring an additional 206 shares in the last quarter. 87.19% of the stock is currently owned by institutional investors.

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.