Kornitzer Capital Management Inc. KS Purchases 40,000 Shares of Doximity, Inc. (NASDAQ:DOCS)

Kornitzer Capital Management Inc. KS boosted its stake in Doximity, Inc. (NASDAQ:DOCS - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,000 shares of the company's stock after purchasing an additional 40,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.16% of Doximity worth $8,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in Doximity in the 1st quarter worth about $38,000. American International Group Inc. purchased a new stake in shares of Doximity in the 2nd quarter valued at about $43,000. Geneos Wealth Management Inc. purchased a new stake in shares of Doximity in the 1st quarter valued at about $51,000. Point72 Hong Kong Ltd raised its holdings in shares of Doximity by 50,950.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,042 shares of the company's stock valued at $71,000 after acquiring an additional 2,038 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Doximity by 1,611.0% in the 1st quarter. Captrust Financial Advisors now owns 1,711 shares of the company's stock valued at $89,000 after acquiring an additional 1,611 shares in the last quarter. Institutional investors own 87.19% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial raised their price target on Doximity from $28.00 to $29.00 and gave the company a "hold" rating in a report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Doximity from $22.00 to $25.00 and gave the company an "underweight" rating in a report on Friday, March 15th. Evercore ISI reaffirmed an "in-line" rating and issued a $30.00 price target on shares of Doximity in a report on Tuesday, April 2nd. SVB Leerink began coverage on Doximity in a report on Monday, February 26th. They issued a "market perform" rating and a $32.00 price target on the stock. Finally, Bank of America raised their price objective on Doximity from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Doximity currently has an average rating of "Hold" and an average price target of $28.82.

Insider Buying and Selling

In related news, Director Kira Scherer Wampler sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.97, for a total transaction of $67,425.00. Following the transaction, the director now directly owns 10,258 shares in the company, valued at approximately $276,658.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 39.40% of the stock is owned by corporate insiders.

Doximity Stock Performance

DOCS traded down $0.19 on Friday, hitting $24.63. 1,679,206 shares of the company were exchanged, compared to its average volume of 1,637,008. The firm has a fifty day simple moving average of $27.53 and a two-hundred day simple moving average of $26.13. Doximity, Inc. has a 12 month low of $19.71 and a 12 month high of $37.06. The stock has a market capitalization of $4.59 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17.

Doximity (NASDAQ:DOCS - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06. Doximity had a return on equity of 16.08% and a net margin of 29.39%. The business had revenue of $135.28 million for the quarter, compared to analyst estimates of $127.46 million. On average, equities analysts expect that Doximity, Inc. will post 0.72 earnings per share for the current year.

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.