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NASDAQ:DOCS

Doximity (DOCS) Stock Price, News & Analysis

Doximity logo
$58.27 +0.09 (+0.15%)
(As of 12/24/2024 05:19 PM ET)

About Doximity Stock (NASDAQ:DOCS)

Key Stats

Today's Range
$57.51
$58.93
50-Day Range
$41.25
$61.25
52-Week Range
$22.96
$61.75
Volume
983,026 shs
Average Volume
1.78 million shs
Market Capitalization
$10.88 billion
P/E Ratio
66.98
Dividend Yield
N/A
Price Target
$52.59
Consensus Rating
Hold

Company Overview

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. It primarily serves pharmaceutical manufacturers and healthcare systems. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.

Doximity Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
57th Percentile Overall Score

DOCS MarketRank™: 

Doximity scored higher than 57% of companies evaluated by MarketBeat, and ranked 470th out of 945 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Doximity has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 6 buy ratings, 13 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Doximity has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Doximity's stock forecast and price target.
  • Earnings Growth

    Earnings for Doximity are expected to grow by 11.36% in the coming year, from $0.88 to $0.98 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Doximity is 66.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.23.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Doximity is 66.98, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 87.85.

  • Price to Earnings Growth Ratio

    Doximity has a PEG Ratio of 4.16. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Doximity has a P/B Ratio of 12.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for DOCS.
  • Dividend Yield

    Doximity does not currently pay a dividend.

  • Dividend Growth

    Doximity does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for DOCS.
  • News Sentiment

    Doximity has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Doximity this week, compared to 9 articles on an average week.
  • Search Interest

    Only 19 people have searched for DOCS on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.
  • MarketBeat Follows

    33 people have added Doximity to their MarketBeat watchlist in the last 30 days. This is an increase of 10% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Doximity insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    37.40% of the stock of Doximity is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    87.19% of the stock of Doximity is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Doximity's insider trading history.
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DOCS Stock News Headlines

Why Doximity Inc. (DOCS) Skyrocketed?
Doximity (NASDAQ:DOCS) Earns Equal Weight Rating from Analysts at Stephens
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Evercore ISI Remains a Hold on Doximity (DOCS)
Doximity initiated with an Equal Weight at Stephens
See More Headlines

DOCS Stock Analysis - Frequently Asked Questions

Doximity's stock was trading at $28.04 on January 1st, 2024. Since then, DOCS stock has increased by 107.8% and is now trading at $58.27.
View the best growth stocks for 2024 here
.

Doximity, Inc. (NASDAQ:DOCS) posted its quarterly earnings results on Tuesday, November, 9th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.13. The company earned $79.35 million during the quarter, compared to analyst estimates of $73.60 million. Doximity had a net margin of 33.69% and a trailing twelve-month return on equity of 19.79%.

Doximity (DOCS) raised $501 million in an initial public offering (IPO) on Thursday, June 24th 2021. The company issued 23,300,000 shares at $20.00-$23.00 per share. Morgan Stanley, Goldman Sachs and J.P. Morgan Securities served as the underwriters for the IPO and Piper Sandler, William Blair, Canaccord and Raymond James were co-managers.

Top institutional shareholders of Doximity include FMR LLC (3.68%), Baillie Gifford & Co. (2.89%), State Street Corp (1.99%) and ArrowMark Colorado Holdings LLC (1.91%). Insiders that own company stock include Anna Bryson, Paul W Jorgensen, Craig Overpeck, Watkin Phoebe L Yang, Timothy S Cabral, Kira Scherer Wampler and Gilbert H Kliman.
View institutional ownership trends
.

Shares of DOCS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Doximity investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), CrowdStrike (CRWD), PayPal (PYPL) and Invesco QQQ (QQQ).

Company Calendar

Last Earnings
11/09/2021
Today
12/25/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Custom computer programming services
Sub-Industry
Computer Software
Current Symbol
NASDAQ:DOCS
Fax
N/A
Employees
890
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.59
High Stock Price Target
$75.00
Low Stock Price Target
$32.00
Potential Upside/Downside
-9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
20 Analysts

Profitability

Net Income
$147.58 million
Pretax Margin
43.79%

Debt

Sales & Book Value

Annual Sales
$516.85 million
Cash Flow
$1.02 per share
Book Value
$4.83 per share

Miscellaneous

Free Float
116,869,000
Market Cap
$10.88 billion
Optionable
Not Optionable
Beta
1.40
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This page (NASDAQ:DOCS) was last updated on 12/25/2024 by MarketBeat.com Staff
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