Doximity Inc (NYSE:DOCS) shares traded -1.47% lower at $34.97 on Wall Street last session.
DOCS stock price is now 22.74% away from the 50-day moving average and 29.88% away from the 200-day moving average. The market capitalization of the company currently stands at $6.49B.
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With the price target maintained at $38, Needham recently Upgraded its rating from Hold to Buy for Doximity Inc (NYSE: DOCS). On July 18, 2024, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $27 to quote $19, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Bryson Anna, Chief Financial Officer sold 30,000 shares of the company’s stock on Aug 13 ’24. The stock was sold for $1,077,887 at an average price of $35.93. Upon completion of the transaction, the Chief Financial Officer now directly owns 309,627 shares in the company, valued at $10.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’24, Director Cabral Timothy S sold 35,544 shares of the business’s stock. A total of $1,190,724 was realized by selling the stock at an average price of $33.50. This leaves the insider owning 4,714 shares of the company worth $0.16 million. A total of 34.90% of the company’s stock is owned by insiders.
During the past 12 months, Doximity Inc has had a low of $19.71 and a high of $37.25. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 6.69, and a quick ratio of 6.69. According to the stock market information, the enterprise value for the company is $5852637696, which is based on a 43.97 price-to-earnings ratio, a 4.44 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for DOCS is $28.49 and a two-hundred day moving average price translates $26.9252 for the stock.
The latest earnings results from Doximity Inc (NYSE: DOCS) was released for 2024-06-30. The net profit margin was 32.53% and return on equity was 16.86% for DOCS. The company reported revenue of $126.68 million for the quarter, compared to $108.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.79 percent.
