The Vanguard Group, Inc. has recently announced that it has increased stake in Doximity Inc (NYSE:DOCS) by 5.93%. After grabbing 10.87 million shares, the institutional investor is now in possession of 0.61 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 9.20% having worth around $252.73 million. Moreover, BlackRock Fund Advisors increased its share by 0.62 million to have a control over 10.14 million shares. And Baillie Gifford & Co. raised its holdings to 57078.0 shares by acquiring 6.66 million shares or 5.63% of the stake.
Doximity Inc (DOCS) concluded trading on 01/04/24 at a closing price of $28.00, with 3.29 million shares of worth about $92.06 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.34% during that period and on Thursday the price saw a gain of about 2.49%. Currently the company’s common shares owned by public are about 120.68M shares, out of which, 113.50M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 42 times over the past 12 months. They bought 10,377,716 shares in 21 of the transactions. In 21 selling transactions, insiders dumped 10,212,787 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Doximity Inc iShares Core S&P Mid Cap ETF is currently holding 3.87 million shares of worth totaling $90.02 million. The company recently came buying 687.0 shares which brought its stake up to 3.28% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 4375.0 shares, after which its hold over company’s outstanding shares expand to 3.05%, leaving 3.6 million shares with the mutual fund that have a worth of about $83.81 million. Vanguard Small Cap Index Fund, after buying 2.93 million shares, have now control over 2.48% of the stake in the company. It holds 19615.0 shares of worth $68.13 million.
Doximity Inc (NYSE: DOCS) started trading at $27.36, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 28.01, or with a gain of 2.49%. Stock saw a price change of -0.99% in past 5 days and over the past one month there was a price change of 14.10%. Year-to-date (YTD), DOCS shares are showing a performance of -0.14% which decreased to -14.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.71 but also hit the highest price of $40.12 during that period. The average intraday trading volume for Doximity Inc shares is 1.79 million. The stock is currently trading 5.91% above its 20-day simple moving average (SMA20), while that difference is up 15.12% for SMA50 and it goes to -0.87% lower than SMA200.
The Vanguard Group, Inc. acquired 10.87 million shares of Doximity Inc having value of about $252.73 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.61 million shares in the company valued at close to $17045476.0, or have control over 5.93% stake in the company. Doximity Inc (NYSE: DOCS) currently have 120.68M outstanding shares and institutions hold larger chunk of about 49.53% of that. Holding of mutual funds in the company is about 52.93% while other institutional holders and individual stake holders have control over 9.74% and 28.56% of the stake respectively.
The stock has a current market capitalization of $5.21B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 48.09, while it has posted earnings per share of $0.58 in the same period. Its PEG reads 5.47 and has Quick Ratio of 6.98 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DOCS, volatility over the week remained 2.95% while standing at 2.85% over the month.
Analysts are in expectations that Doximity Inc (DOCS) stock would likely to be making an EPS of $DigitalOcean Holdings, Inc. in the current quarter, while forecast for next quarter EPS is $35.15 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Doximity, Inc. which is $Physicians Realty Trust at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Oculis Holding AG in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.87% while it is estimated to increase by 6.58% in next year. EPS is likely to shrink at an annualized rate of 8.80% for next 5-years, compared to annual growth of 255.76% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the Doximity Inc (DOCS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.78. Out of those 18 Wall Street analysts, 3 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 03, 2024 offering an Equal weight rating for the stock and assigned a target price of $31 to it.
