Malaga Cove Capital LLC Has $514,000 Stock Holdings in Doximity, Inc. (NASDAQ:DOCS)

Malaga Cove Capital LLC lowered its stake in shares of Doximity, Inc. (NASDAQ:DOCS) by 3.9% during the fourth quarter, HoldingsChannel reports. The firm owned 18,329 shares of the company’s stock after selling 749 shares during the quarter. Malaga Cove Capital LLC’s holdings in Doximity were worth $514,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DOCS. First Horizon Advisors Inc. raised its stake in Doximity by 111.3% in the fourth quarter. First Horizon Advisors Inc. now owns 995 shares of the company’s stock valued at $28,000 after buying an additional 524 shares during the period. GAMMA Investing LLC acquired a new position in shares of Doximity during the 4th quarter worth approximately $40,000. Creative Financial Designs Inc. ADV raised its stake in Doximity by 16.7% in 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. Neo Ivy Capital Management acquired a new stake in Doximity during the 3rd quarter valued at $109,000. Finally, PNC Financial Services Group Inc. boosted its position in Doximity by 16.6% during the third quarter. PNC Financial Services Group Inc. now owns 6,500 shares of the company’s stock worth $138,000 after purchasing an additional 925 shares during the period. Institutional investors and hedge funds own 87.19% of the company’s stock.

Insider Activity

In other Doximity news, Director Kira Scherer Wampler sold 2,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $26.97, for a total transaction of $67,425.00. Following the transaction, the director now owns 10,258 shares in the company, valued at $276,658.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 39.40% of the company’s stock.

Doximity Stock Down 0.9 %

Doximity stock traded down $0.23 during trading hours on Friday, hitting $24.09. The stock had a trading volume of 716,659 shares, compared to its average volume of 1,438,731. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 3.03 and a beta of 1.18. The business’s 50 day simple moving average is $26.45 and its 200-day simple moving average is $26.26. Doximity, Inc. has a one year low of $19.71 and a one year high of $36.29.

Doximity (NASDAQ:DOCS) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. The firm had revenue of $135.28 million during the quarter, compared to analysts’ expectations of $127.46 million. Doximity had a net margin of 29.39% and a return on equity of 16.08%. Research analysts anticipate that Doximity, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

DOCS has been the subject of a number of research reports. Morgan Stanley restated an “underweight” rating and set a $25.00 target price on shares of Doximity in a research note on Tuesday, April 23rd. Bank of America increased their target price on Doximity from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Leerink Partnrs reissued a “market perform” rating on shares of Doximity in a report on Monday, February 26th. JPMorgan Chase & Co. upgraded Doximity from an “underweight” rating to a “neutral” rating and set a $25.00 price objective on the stock in a research report on Thursday, April 25th. Finally, Wells Fargo & Company boosted their target price on shares of Doximity from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.82.

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.