Robert W. Baird Increases Doximity (NASDAQ:DOCS) Price Target to $80.00

Key Points

• Robert W. Baird has raised its price target for Doximity (NASDAQ:DOCS) from $75.00 to $80.00, reflecting a potential upside of 15.93% from the stock's previous close.
• Doximity reported earnings of $0.36 EPS for the last quarter, surpassing estimates and demonstrating a 15.2% revenue increase compared to the same period last year.
• Insider trading activity includes Director Regina M. Benjamin selling 5,000 shares for $315,000, decreasing her ownership in the company by 23.13%.

Doximity (NASDAQ:DOCS - Get Free Report) had its price objective hoisted by Robert W. Baird from $75.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price indicates a potential upside of 15.93% from the stock's previous close.

Several other brokerages have also commented on DOCS. Raymond James Financial set a $75.00 price objective on Doximity in a report on Wednesday. The Goldman Sachs Group set a $50.00 price objective on Doximity and gave the company a "neutral" rating in a report on Wednesday, May 21st. Mizuho dropped their price objective on Doximity from $65.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, May 16th. Piper Sandler lifted their price target on Doximity from $65.00 to $69.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. lowered their price target on Doximity from $63.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Doximity Stock Down 0.7%

Doximity stock opened at $69.01 on Thursday. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 69.01, a price-to-earnings-growth ratio of 4.10 and a beta of 1.37. Doximity has a 52 week low of $36.12 and a 52 week high of $85.21. The business's 50-day moving average price is $63.25 and its 200 day moving average price is $59.94.

Doximity (NASDAQ:DOCS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. Doximity had a return on equity of 21.75% and a net margin of 36.60%.During the same period last year, the company earned $0.28 EPS. The business's quarterly revenue was up 15.2% compared to the same quarter last year. Doximity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities analysts expect that Doximity will post 0.99 EPS for the current year.

Insider Activity at Doximity

In related news, Director Regina M. Benjamin sold 5,000 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $63.00, for a total value of $315,000.00. Following the sale, the director owned 16,618 shares in the company, valued at approximately $1,046,934. The trade was a 23.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kira Scherer Wampler sold 2,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $57.09, for a total value of $114,180.00. Following the transaction, the director directly owned 16,618 shares of the company's stock, valued at $948,721.62. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,000 shares of company stock worth $1,929,380. 31.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DOCS. Ballentine Partners LLC acquired a new position in shares of Doximity during the 1st quarter worth about $201,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Doximity by 196.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,570 shares of the company's stock worth $787,000 after buying an additional 8,995 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of Doximity during the 1st quarter worth approximately $916,000. Bank of Nova Scotia purchased a new position in shares of Doximity during the 1st quarter worth approximately $651,000. Finally, New York State Teachers Retirement System grew its holdings in shares of Doximity by 10.9% in the 1st quarter. New York State Teachers Retirement System now owns 113,145 shares of the company's stock worth $6,566,000 after acquiring an additional 11,078 shares during the period. 87.19% of the stock is owned by institutional investors and hedge funds.

Doximity Company Profile

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.

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