Doximity (DOCS) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $40.15 to $41.05
• 50-Day Range: $25.50 to $40.89
• 52-Week Range: $19.71 to $41.05
• Volume: 2.36 million shs
• Average Volume: 1.72 million shs
• Market Capitalization: $7.58 billion
• P/E Ratio: 56.78
• Dividend Yield: N/A
• Price Target: $32.42
• Consensus Rating: Hold

Doximity Stock Analysis - MarketRank™

Doximity scored higher than 68% of companies evaluated by MarketBeat, and ranked 334th out of 1,003 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Doximity has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 4 buy ratings, 8 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Doximity has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.50%

Earnings Growth

Earnings for Doximity are expected to grow by 7.50% in the coming year, from $0.80 to $0.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Doximity is 56.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.95.

Price to Earnings Ratio vs. Sector

The P/E ratio of Doximity is 56.78, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 137.05.

Price to Earnings Growth Ratio

Doximity has a PEG Ratio of 5.15. 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 8.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for DOCS.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Doximity does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for DOCS.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.75

News Sentiment

Doximity has a news sentiment score of 0.75. 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 is a higher news sentiment than the 0.49 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Doximity this week, compared to 7 articles on an average week.

Search Interest

Only 7 people have searched for DOCS on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

MarketBeat Follows

6 people have added Doximity to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Doximity insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,271,018.00 in company stock.

Percentage Held by Insiders

39.40% 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.

DOCS Stock Analysis - Frequently Asked Questions

How have DOCS shares performed this year?

Doximity's stock was trading at $28.04 at the beginning of the year. Since then, DOCS stock has increased by 45.8% and is now trading at $40.88.
View the best growth stocks for 2024 here.

How were Doximity's earnings last quarter?

Doximity, Inc. (NASDAQ:DOCS) issued its quarterly earnings data on Thursday, August, 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The firm had revenue of $126.68 million for the quarter, compared to analysts' expectations of $119.88 million. Doximity had a net margin of 32.53% and a trailing twelve-month return on equity of 19.26%.

When did Doximity IPO?

Doximity (DOCS) raised $501 million in an 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.

Who are Doximity's major shareholders?

Doximity's top institutional investors include William Blair Investment Management LLC (3.45%), Baillie Gifford & Co. (3.18%), Clearbridge Investments LLC (3.16%) and Swedbank AB (0.90%). 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.

How do I buy shares of Doximity?

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.

Company Calendar

• Last Earnings: 8/08/2024
• Today: 9/22/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Custom computer programming services
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:DOCS
• CUSIP: N/A
• CIK: 1516513
• Web: www.doximity.com
• Phone: 650-549-4330
• Fax: N/A
• Employees: 890
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $32.42
• High Stock Price Target: $45.00
• Low Stock Price Target: $19.00
• Potential Upside/Downside: -20.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.27
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.72
• Trailing P/E Ratio: 56.78
• Forward P/E Ratio: 51.10
• P/E Growth: 5.15
• Net Income: $147.58 million
• Net Margins: 32.53%
• Pretax Margin: 41.30%
• Return on Equity: 19.26%
• Return on Assets: 16.37%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.72
• Quick Ratio: 6.72

Sales & Book Value

• Annual Sales: $493.63 million
• Price / Sales: 15.36
• Cash Flow: $1.02 per share
• Price / Cash Flow: 39.93
• Book Value: $4.83 per share
• Price / Book: 8.46

Miscellaneous

• Outstanding Shares: 185,426,000
• Free Float: 112,368,000
• Market Cap: $7.58 billion
• Optionable: Not Optionable
• Beta: 1.27