176,810 Shares in Doximity, Inc. (NASDAQ:DOCS) Acquired by Comprehensive Financial Management LLC

Comprehensive Financial Management LLC acquired a new position in shares of Doximity, Inc. (NASDAQ:DOCS) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 176,810 shares of the company’s stock, valued at approximately $7,704,000. Doximity makes up approximately 0.2% of Comprehensive Financial Management LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds have also recently bought and sold shares of DOCS. Farther Finance Advisors LLC raised its stake in shares of Doximity by 324.2% during the third quarter. Farther Finance Advisors LLC now owns 789 shares of the company’s stock worth $34,000 after buying an additional 603 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Doximity by 621.4% in the 2nd quarter. Blue Trust Inc. now owns 1,385 shares of the company’s stock valued at $37,000 after purchasing an additional 1,193 shares during the period. Quarry LP boosted its position in shares of Doximity by 101.2% in the 2nd quarter. Quarry LP now owns 1,616 shares of the company’s stock worth $45,000 after purchasing an additional 131,253 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Doximity during the first quarter worth $46,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Doximity by 80.0% during the second quarter. First Horizon Advisors Inc. now owns 1,710 shares of the company’s stock worth $48,000 after purchasing an additional 760 shares during the period. 87.19% of the stock is currently owned by institutional investors.

Doximity Price Performance

Shares of NASDAQ DOCS opened at $53.00 on Monday. The business has a 50-day moving average of $45.86 and a 200-day moving average of $36.09. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 60.92, a PEG ratio of 4.25 and a beta of 1.30. Doximity, Inc. has a fifty-two week low of $22.96 and a fifty-two week high of $61.75.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America raised their target price on Doximity from $32.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Barclays upped their target price on shares of Doximity from $52.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Morgan Stanley raised shares of Doximity from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $33.00 to $53.00 in a research report on Thursday, November 14th. Wells Fargo & Company upgraded shares of Doximity from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $19.00 to $41.00 in a research report on Friday, November 8th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $60.00 target price (up from $40.00) on shares of Doximity in a report on Wednesday, November 13th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Doximity has an average rating of “Hold” and a consensus target price of $52.27.

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.