Louisiana State Employees Retirement System Makes New Investment in Doximity, Inc. (NASDAQ:DOCS)

Louisiana State Employees Retirement System bought a new position in shares of Doximity, Inc. (NASDAQ:DOCS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 33,200 shares of the company's stock, valued at approximately $931,000.

Several other large investors also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV lifted its stake in Doximity by 16.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,301 shares of the company's stock valued at $93,000 after acquiring an additional 473 shares during the period. CWM LLC grew its holdings in shares of Doximity by 57.2% during the third quarter. CWM LLC now owns 4,982 shares of the company's stock worth $106,000 after buying an additional 1,813 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Doximity in the third quarter valued at about $109,000. PNC Financial Services Group Inc. grew its holdings in shares of Doximity by 16.6% in the third quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company's stock valued at $138,000 after purchasing an additional 925 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Doximity by 174.5% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,929 shares of the company's stock valued at $146,000 after purchasing an additional 4,405 shares during the period. Hedge funds and other institutional investors own 87.19% of the company's stock.

Analysts Set New Price Targets

DOCS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Doximity from an "underweight" rating to a "neutral" rating and set a $25.00 target price on the stock in a research report on Thursday. Evercore ISI reaffirmed an "in-line" rating and issued a $30.00 target price on shares of Doximity in a research report on Tuesday, April 2nd. Barclays started coverage on shares of Doximity in a research report on Wednesday, January 3rd. They issued an "equal weight" rating and a $31.00 target price on the stock. Truist Financial increased their price target on shares of Doximity from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, February 9th. Finally, Morgan Stanley reissued an "underweight" rating and set a $25.00 price target on shares of Doximity in a research report on Tuesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Doximity presently has an average rating of "Hold" and an average price target of $28.82.

Insider Transactions at Doximity

In other news, Director Kira Scherer Wampler sold 2,500 shares of Doximity stock in a transaction 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 completion of the transaction, the director now owns 10,258 shares of the company's stock, valued at approximately $276,658.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 39.40% of the company's stock.

Doximity Stock Up 1.0 %

Doximity stock traded up $0.23 during mid-day trading on Friday, hitting $23.82. The company had a trading volume of 874,462 shares, compared to its average volume of 1,740,272. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 3.01 and a beta of 1.17. Doximity, Inc. has a 1 year low of $19.71 and a 1 year high of $36.92. The business has a fifty day moving average of $26.95 and a 200 day moving average of $26.19.

Doximity (NASDAQ:DOCS - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.06. The business had revenue of $135.28 million for the quarter, compared to analyst estimates of $127.46 million. Doximity had a net margin of 29.39% and a return on equity of 16.08%. Equities analysts anticipate 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.