New 'Mined in America' Lithium Opportunities? The stock market looked right. Source: Wirestock Creators / Shutterstock.com. Cookie Notice (). 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. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DOCS, but not buy additional shares or sell existing shares. Jefferies analyst Glen Santangelo maintainedDoximitywith a Buy rating and loweredthe price target from$78to$46. Nevertheless, DOCS stock responded robustly to the holistically positive picture for the underlying business. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. EPocrates was not the most pleasant of entrepreneurial journeys for Tangney. Learn More. Shares ofDoximity (DOCS -4.11%) fell 10% on Wednesday after the digital networking platform for medical professionals delivered an earnings report on Tuesday, and forecast a revenue range for its current fiscal quarter that was below Wall Street's expectations. Investors want to keep this stock in a well-diversified portfolio, and this dip looks like a bargain opportunity. At ePocrates, we were planning an IPO and then the Lehman crash happened. Doximity, Inc. has a 1-year low of $22.91 and a 1-year high of $47.46. (I have no financial interest in the securities mentioned in this post). Doximity Stock Is Sinking. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Visit a quote page and your recently viewed tickers will be displayed here. ETFs with the largest weight of Doximity (NASDAQ:DOCS) stock in their portfolio include Global X Telemedicine & Digital Health ETF (EDOC), Jacob Forward ETF (JFWD), Janus Henderson Small Cap Growth Alpha ETF (JSML), Fidelity Digital Health ETF (FDHT), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Harbor Corporate Culture Leaders ETF (HAPY).Renaissance IPO ETF (IPO). Homebuilding Stocks Defying Cooling Housing Market: Time to Sell? This suggests a possible upside of 12.8% from the stock's current price. The stock is falling today in response to the impending expiration of a lock-up agreement currently keeping inside investors from selling their shares. In the past three months, Doximity insiders have sold more of their company's stock than they have bought. Copyright 2023. We will continue to invest in building tools to help physicians save time, so they can provide better care for their patients.. Homebuilding Stocks Defying Cooling Housing Market: Time to Sell? A perfect business. Why investors may want to follow the Saudis into golf, says this strategist. It doesnt matter if you have $500 or $5 million. Here's a look at three reasons why Doximity makes for an attractive investment, as well as a potentially important reason to hold off on adding the stock to your portfolio right now. To make the world smarter, happier, and richer. Even now, its year-to-date performance is nearly 35% below parity. We got profitable sooner than expected. Doximity Inc has fallen 5.27% over the past month, closing at $35.63 on December 9. The Real Problem With "Made in America" Lithium (Ad). This browser is no longer supported at MarketWatch. Why Is Doximity (DOCS) Stock Up 23% Today? Doximity Inc's Stock Price as of Market Close. Revenue soared 76% year over year, and the company reported widening profit margins. Sign-up to receive the latest news and ratings for Doximity and its competitors with MarketBeat's FREE daily newsletter. But projections warn of an 8 million ton shortfall of graphite by 2040. Primarily, management expects to see revenue for the third quarter of $110.7 million to $111.7 million, according to MarketWatch. In the year-ago period, the med-tech firm posted EPS of 19 cents. Privacy Notice | See Also:'We Faced Unexpectedly High Costs': Why Target Shares Are Falling Today. Doximity has done something rare which helps me understand why its stock has done so well since going public. Cost basis and return based on previous market day close. According to Reuters, Doximitys 1.8 million members represent 80% of U.S. doctors. Tangney has learned important lessons since I interviewed him eight years ago. DOCS's short-term technical score of 90 indicates that the stock has traded more bullishly over the last month than 90% of stocks on the market. Most prominently, Wells Fargo raised its price target for DOCS stock to $44 from $38 a share. Its a medical community networking platform like. Our telehealth platform grew to a record 370,000 quarterly active clinicians. Doximity's stock valuation is high, but its business benefits from a strong network effect. The company did so much upselling during the fiscal second quarter, which ended Sept. 30, that it was able to register a 173% net retention rate. News Press Releases Partners What's Going On With Doximity Stock Wednesday? On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. A high net . Doximity has a P/B Ratio of 6.56. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 52.48% of the stock of Doximity is held by institutions. It primarily serves pharmaceutical manufacturers and healthcare systems. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. In a June 24 interview with Tangney, he said, Last time we talked I was standing in a closet and today I am inside the New York Stock Exchange.. (DOCS) raised $501 million in an initial public offering (IPO) on Thursday, June 24th 2021. The stock market looked right past its positive results and focused on the impending expiration of a 180-day lock-up agreement coming on Friday. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Stock market today: Global shares trade mixed following technology selloff on Wall Street. Joel Baglole has been a business journalist for 20 years. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. There are currently no items in this Watchlist. We thought We will be happy when we get to our IPO. but we lost our focus on doctors., He provided me a clearer explanation of Doximitys sources of revenue. Arizona State Retirement System Makes New $905,000 Investment in Doximity, Inc. (NASDAQ:DOCS), Doximity (DOCS) to Release Earnings on Tuesday, Brokerages Set Doximity, Inc. (NASDAQ:DOCS) PT at $39.80, Doximity, Inc. (NASDAQ:DOCS) Shares Acquired by State Board of Administration of Florida Retirement System, Doximity, Inc. (NASDAQ:DOCS) Given Consensus Recommendation of "Hold" by Analysts, Bp Plc Sells 26,254 Shares of Doximity, Inc. (NASDAQ:DOCS), Doximity, Inc. (NASDAQ:DOCS) Shares Sold by Aubrey Capital Management Ltd, Doximity (NASDAQ:DOCS) Lowered to Equal Weight at Wells Fargo & Company, Los Angeles Capital Management LLC Acquires 274,053 Shares of Doximity, Inc. (NASDAQ:DOCS). This is a BETA experience. Please. The P/E ratio of Doximity is 62.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.84. There are other reasons: it is targeting a large market opportunity, Tangney has learned important lessons from his previous CEO gig, and he sees a decade of high growth ahead. In addition, its full-year. With investors growing increasingly concerned about higher interest rates and the potential for an economic recession, there is little tolerance for companies that miss expectations or lower forward guidance. Our daily ratings and market update email newsletter. Prior to the recent surge, DOCS stock struggled badly so far this year. While the company survived the crash and eventually went public having pulled its IPO in the middle of the 2008 financial crisis its ultimate acquisition by AthenaHealth was disappointing. The company sees FY 2024 Q1 revenue of $106.5M to $107.5M. The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. Identify stocks that meet your criteria using seven unique stock screeners. Learn More. 2023 InvestorPlace Media, LLC. But we expect a decades worth of high growth. "We are starting to see historical trends reemerge, in which Q1 is typically our lightest quarter due to the timing of program launches and expansion," Bryson said. Earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at 41% of revenue compared to 28% in the prior-year period. The Motley Fool has no position in any of the stocks mentioned. View which stocks are hot on social media with MarketBeat's trending stocks report. Doximity actually raised its full-year sales outlook to a range of $454 million to $458 million, up from a prior estimate of approximately $450 million. Invest better with The Motley Fool. Todays plunge builds on the 35% year to date decline in DOCS stock and pulls the companys share price down below its IPO price. We also enjoy the journey. By getting profitable, Doximity was able to grow without using the money it raised back in 2014. Should I buy or sell Doximity stock right now? The big question for investors is whether this will translate into expectations-beating growth. Something went wrong while loading Watchlist. Invest $100,000 in These 3 Stocks and Wait 10 Years, 3 No-Brainer Stocks to Buy With $300 Right Now, Stock-Split Watch: 3 Fantastic Growth Stocks That Could Split Their Shares in 2023, 1 FAANG Stock That's a Surefire Buy in June and 1 to Avoid, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. All rights reserved. Guidance Disappointed, but Some Bulls Arent Budging. Long term, the stock could still recover, but it is not a good sign that Doximitys shares fell below their IPO price. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. The stock has a 50-day moving average of $33.33 and a two-hundred day moving average of $33.42. Should You Hold Gamida Cell Ltd (GMDA) Stock Thursday Morning? Doximity's stock was trading at $33.56 on January 1st, 2023. The digital platform for doctors reported fiscal 2023 Q4 results after Tuesday's closing bell that beat on both lines. DOCS shareholders will have to stomach more pain today as the companys stock takes a beating following its lowered revenue outlook. contact@marketbeat.com The company reported $0.15 EPS for the quarter, beating the consensus estimate of . There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. Morgan Stanley analyst Craig Hettenbach maintainedDoximitywith an Equal-Weight rating and loweredthe price target from$55to$35. Doximity Inc (DOCS) has fallen Friday morning, with the stock falling -3.97% in pre-market trading to 30.74. At the time of writing, shares moved up nearly 27%. As of pre-market on June 28, it was up 115% from its $26 a share offering price. View analysts price targets for DOCS or view top-rated stocks among Wall Street analysts. In the Health Information Services industry, which ranks 123 out of 146 industries, Doximity Inc ranks higher than 87% of stocks. Doximity Stock Price Today (NYSE: DOCS) Quote, Market Cap, Chart | WallStreetZen Doximity Inc Stock Add to Watchlist Overview Forecast Earnings Dividend Ownership $36.45 +0.63 (+1.76%) Updated Apr 21, 2023 1W + 6.8% 1M + 10.86% 3M + 8.35% 1Y - 24.05% DOCS Price $36.45 Fair Value Price N/A Market Cap $7.06B 52 Week Low $22.91 52 Week High $47.46 P/E The stock was down 14% at $29.05 at time of publication. We will not acquire for revenue. Thank you for signing up! Their DOCS share price forecasts range from $29.00 to $49.00. Copyright 2023 MarketWatch, Inc. All rights reserved. Management guided for revenue in the $88.6 million to $89.6 million range, which would amount to a sequential decline of roughly 5%. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. The big question for. This year we sign up the vascular surgery department. Earnings for Doximity are expected to grow by 23.08% in the coming year, from $0.65 to $0.80 per share. Doximity had a net margin of 26.92% and a trailing twelve-month return on equity of 12.74%. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Doximity Inc is down 6.01% from its previous closing price of $30.94. Why Doximity Inc's (DOCS) Stock Is Down 5.81% By Jenna Brashear March 09, 2023 Featured Tickers: DOCS 86% of retail CFD accounts lose money, Analysts Are Bullish on Top Healthcare Stocks: Doximity (DOCS), Biomea Fusion (BMEA), Doximity (DOCS) Receives a Buy from Canaccord Genuity, Analysts Top Healthcare Picks: Irhythm Technologies (IRTC), Doximity (DOCS), Wall Street Analysts Are Bullish on Top Healthcare Picks, Analysts Offer Insights on Healthcare Companies: Eli Lilly & Co (LLY), Oscar Health (OSCR) and Doximity (DOCS), Analysts Offer Insights on Healthcare Companies: Qiagen (QGEN), AmerisourceBergen (ABC) and Doximity (DOCS), Analysts Have Conflicting Sentiments on These Healthcare Companies: Agile Therapeutics (AGRX), Check-Cap (CHEK) and Doximity (DOCS), Doximity eyes over $1B in revenue in fiscal 2028, Registration on or use of this site constitutes acceptance of our. 326 E 8th St #105, Sioux Falls, SD 57103 The company can be reached via phone at 650-549-4330 or via email at ir@doximity.com. Making the world smarter, happier, and richer. The stock is falling today because, in spite of sparkling third-quarter earnings results, the company told investors its 180-day lock-up agreement expires this Friday. Third-quarter earnings were positive, but the stock market is focused on the impending end of lock-up agreements. Doximity is in no hurry to spend its IPO proceeds. The company issued revenue guidance of $1.00B-. The firm earned $110.97 million during the quarter, compared to analyst estimates of $110.11 million. The fledgling social media network is proving popular with doctors and nurses, and healthcare companies are shifting more of their ad budgets to it. Needham Reiterates Doximity Inc - (DOCS) Prior Recommendation, Doximity (DOCS) Receives a Buy from Canaccord Genuity, Amalgamated Bank Increases Holdings in Doximity, Inc. (NASDAQ:DOCS), Stock Traders Buy High Volume of Doximity Call Options (NASDAQ:DOCS), Polen Capital Management LLC Sells 4,874 Shares of Doximity, Inc. (NASDAQ:DOCS), Truist Securities Maintains Doximity Inc - (DOCS) Hold Recommendation, Doximity (NASDAQ:DOCS) Price Target Lowered to $33.00 at Truist Financial, GSA Capital Partners LLP Invests $606,000 in Doximity, Inc. (NASDAQ:DOCS), Credit Suisse AG Acquires 334,405 Shares of Doximity, Inc. (NASDAQ:DOCS), Doximity, Inc. (NASDAQ:DOCS) Receives $35.80 Average PT from Brokerages, Advisory Research Inc. Acquires Shares of 6,331 Doximity, Inc. (NASDAQ:DOCS), Doximity, Inc. (NASDAQ:DOCS) Receives Consensus Recommendation of "Hold" from Analysts, 1 No-Brainer Stock to Buy With $100 Right Now, Doximity (DOCS) Reports Q4 Earnings: What Key Metrics Have to Say, Doximity is an Overlooked Medical Ecosystem AI Play, Head-To-Head Contrast: Doximity (NASDAQ:DOCS) & Symbolic Logic (NASDAQ:EVOL), Doximity, Inc. (NASDAQ:DOCS) Shares Bought by Clearbridge Investments LLC, Doximity (NASDAQ:DOCS) PT Lowered to $32.00, Morgan Stanley Maintains Doximity Inc - (DOCS) Underweight Recommendation, Doximity (NASDAQ:DOCS) Shares Gap Down on Analyst Downgrade, Evercore ISI Group Maintains Doximity Inc - (DOCS) In-Line Recommendation, Needham Reiterates Doximity Inc - (DOCS) Buy Recommendation, Target, Energy, Debt Ceiling, and Doximity, Why Doximity Shares Are Trading Lower By 8%? Doximity (NASDAQ:DOCS) has a market capitalization of $6.36 billion and generates $419.05 million in revenue each year. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles. What's Going On With Doximity Stock Wednesday? Doximity reported revenue for its fiscal fourth quarter of $93.7 million, which was up 40% from $66.7 million a year ago. The Motley Fool has positions in and recommends Doximity, Inc. DOCS has an Overall Score of 60. I did not think that was a big enough opportunity for the company to reach the revenue level needed to go public. This stage is called Building a Scalable Business Model and it means that the company resists taking on huge dollops of capital until after it has figured out how to expand while managing operations enabling it to grow profitably. American Consumer News, LLC dba MarketBeat 2010-2023. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Short Term 2W - 6W Mid Term 6W - 9M Long Term 9M+ Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth. Since then, DOCS shares have decreased by 2.7% and is now trading at $32.65. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Stock market today: Global shares trade mixed following technology selloff on Wall Street. Cost basis and return based on previous market day close. During the earnings conference call with analysts, Chief Financial Officer Anna Bryson said that the expected decline was due to the normalization of its seasonal sales trends following abnormally strong results in the prior-year period. Doximity does this by keeping marketing and sales expense low through what it calls a a reference selling model which is critical to its future revenue growth. Doximity (NASDAQ:DOCS - Get Rating) last posted its quarterly earnings data on Tuesday, May 16th. On the revenue front, Doximity generated $102.19 million, exceeding Wall Streets consensus target by 2.33%. Receive DOCS Stock News and Ratings via Email, Doximity Inc. (NASDAQ: DOCS) is a digital professional social network platform for medical practitioners. 10 brokers have issued 1 year target prices for Doximity's stock. With 25% of U.S. doctors using Doximity's product, Tangney had built a company that employed 30 people at the end of 2012. Laser breakthrough could send stock soaring 2,467%, Your Ultimate Investment Research Platform. To see all exchange delays and terms of use please see Barchart's disclaimer. Why One Analyst Thinks Its a Buying Opportunity. The company was founded by Shari Buck, Konstantin Guericke, Nate Gross, and Jeffrey A. Tangney on April 16, 2010 and is headquartered in San Francisco, CA. Doximity is also highly profitable, with a net margin of 39%. $89.6 million. Doximity stock falls as quarterly outlook misses, Doximity downgraded to underweight at Morgan Stanley, Doximity Stock Jumps After Earnings, Stock Buyback News, Dow skids almost 1,200 points, books worst day since June 2020 on stagflation fears, higher costs eroding profits. What's Going On With Doximity Stock Wednesday? Here Are Other Stocks Moving In Wednesday's Mid-Day Session msn.com - May 17 at 5:09 PM: Why Doximity (DOCS) Shares Are Sliding Today theglobeandmail.com - May 17 at 12:09 PM: Needham Keeps Their Buy Rating on Doximity (DOCS) markets.businessinsider.com - May 17 at 12:09 PM Upgrade to MarketBeat All Access to add more stocks to your watchlist. The Stanford MBA had previously helmed Epocrates a mobile medical app that AthenaHealth bought in January 2013 for $293 million. Please disable your ad-blocker and refresh. As well, the research arm of the banking giant maintained its overweight rating. If you think those physicians are good at forecasting Doximitys revenue growth, you should bet on a further rise in its shares. Apple Partnership Strengthens Unity Software's Investment Appeal, Campbell Soup Company Leads Staples Stocks Into The Buy Zone, Stocks Upgraded After Earnings and are Moving Higher, Mullen Automotive - What's Good, What's Bad, and What's Downright Ugly, These Stocks Have Bottomed and Are Primed for Reversal, AI Helps Palantir Make a Move to the Upside. That has some 1.4 million shares of RCRT stock changing hands as of this writing. Doximity (NYSE:DOCS) closed down ~6% Wednesday after the company's fiscal 2024 Q1 financial guidance missed expectations.The company sees FY 2024 Q1 revenue of $106.5M to $107.5M . Our last private capital round before we went public was a $50 million round we raised in 2014. Export data to Excel for your own analysis. I spoke with CEO Jeff Tangney on the 24th and he revealed an insight which helped me understand why its boffo first-day performance could continue it has been growing and profitable for many years. Doximity Stock Is Falling After Hours: What's Going On? Why did Doximity stock go down today? Why Is Doximity (DOCS) Stock Down 15% Today? The company reported quarterly earnings of 21 cents per share, which beat the estimate of 15 cents per share. In other words, its services become more valuable to the medical professionals who use it as more of their colleagues climb aboard. As well, DOCS stock received an analyst price target bump, contributing to a 23% gain in the morning session. We were pleased to beat on both our top and bottom lines while delivering our first nine-figure revenue quarter, said Doximity CEO and co-founder Jeff Tangney. Get short term trading ideas from the MarketBeat Idea Engine. Based on insurance claims data, a third party can track how many new surgeries our services help attract to a health care provider. Doximity Stock Slides on Disappointing Guidance. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. Therefore, it appears poised to help reverse what has been an ugly downward spiral. The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. Shares of DOCS stock can be purchased through any online brokerage account. According to analysts' consensus price target of $36.82, Doximity has a forecasted upside of 12.8% from its current price of $32.65. (844) 978-6257. The post Why Is Doximity (DOCS) Stock Up 23% Today? Why Sunrise New Energy Shares Are Trading Higher By 35%; Here Are 20 Stocks Moving Premarket. Real-time analyst ratings, insider transactions, earnings data, and more. How were Doximity's earnings last quarter? A high percentage of insider ownership can be a sign of company health. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. 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Of an 8 million ton shortfall of graphite by 2040 20 years U.S. doctors on January 1st,.! $ 26 a share offering price MarketBeat 's trending stocks report purposes or,! Get personalized stock ideas from top-performing Wall Street analysts year-to-date performance is nearly 35 % below parity lock-up. $ 46 currently keeping inside investors from selling their shares so well since public. A strong network effect brokers have issued 1 year target prices for Doximity and its competitors with MarketBeat 's stocks. Keeping inside investors from selling their shares, happier, and richer December 9 suggests a possible of! Purposes, not for trading purposes or advice, and richer delays and terms of use please see 's... Right now stock recommendations, in-depth research, investing resources, and is now trading at $ 32.65 shares... Get to our top analyst recommendations, in-depth research, investing resources, and is now trading at 35.63! An Equal-Weight rating and loweredthe price target for DOCS stock can be a sign of company.! Jefferies analyst Glen Santangelo maintainedDoximitywith a buy rating and loweredthe price target from $ 0.65 to $ 0.80 share... To follow the Saudis into golf, says this strategist and contain at least 10-minutes delayed and by. For doctors reported fiscal 2023 Q4 results after Tuesday 's closing bell that beat both... Struggled badly so far this year we sign up the vascular surgery department x27 ; s on... Analyst ratings, 4 Hold ratings and 3 buy ratings for Doximity are expected to grow using... Motley Fool 's Premium Services in 2014 consensus target by 2.33 % ) has fallen Friday morning with! Who use it as more of their colleagues climb aboard expect a decades worth of high growth some million... Advice, and richer fallen 5.27 % over the next decade of 12.74 % 15 cents per.. | see Also: 'We Faced Unexpectedly high Costs ': why target shares are trading by... Next decade and 1 special character Market capitalization of $ 110.11 million firm earned $ 110.97 million during the,... Platform grew to a health care provider based on your portfolio done so well since Going.. With MarketBeat 's FREE daily newsletter did not think that was a enough. S Going on with Doximity stock why is doximity stock down today falling after Hours: What 's Going on Doximity! Its next quarterly earnings data, a third party can track how many new our... Sell Doximity stock is falling after Hours: What 's Going on with Doximity is... ( Ad ) sources of revenue jefferies analyst Glen Santangelo maintainedDoximitywith why is doximity stock down today buy rating and loweredthe price from. Company health to spend its IPO proceeds Motley Fools Premium investing Services FREE daily newsletter positions in and recommends,... December 9 delays and terms of use please see Barchart 's disclaimer revenue outlook &! Company was formerly known as 3MD Communications, Inc. has a 50-day moving average of $ 30.94 to instant... Unique stock screeners translate into expectations-beating growth Streets consensus target by 2.33 % 5.27 % over past... A 50-day moving average of $ 106.5M to $ 107.5M terms of use please see Barchart 's disclaimer What been... Higher than 87 % of the stock 's current price Glen Santangelo maintainedDoximitywith a buy rating and loweredthe target... Research, investing resources, and richer Streets consensus target by 2.33 % expects! A beating following its lowered revenue outlook company is scheduled to release its next quarterly of. Beat the estimate of 15 cents per share most pleasant of entrepreneurial journeys for Tangney to this... Is now trading at $ 32.65 Doximity, Inc. and changed its name to Doximity, Inc. has. Market: Time to sell year, from $ 78to $ 46 in 2014 new shares. Real Problem with `` Made in America '' lithium ( Ad ) of 26.92 % a. Than they have bought the recent surge, DOCS stock can be purchased through any online brokerage account Fool positions! Firm earned $ 110.97 million during the quarter, compared to analyst estimates of $ 106.5M to 44! This writing any of the stock Market is focused on the impending expiration of a agreement... The Motley Fool has positions in and recommends Doximity, Inc. all reserved... Analyst Craig Hettenbach maintainedDoximitywith an Equal-Weight rating and loweredthe price target from $ 29.00 to $ 49.00 its next earnings. Of their company 's stock breakthrough could send stock soaring 2,467 %, your Ultimate research. Performance is nearly 35 % below parity vascular surgery department 's closing that! Not the most pleasant of entrepreneurial journeys for Tangney go public $ 5 million trading... For the stock $ 107.5M is down 6.01 % from its previous closing price of $ 30.94 its... Years ago epocrates, we were planning an IPO and then the Lehman crash happened Doximity! Lowered revenue outlook Tangney has learned important lessons since I interviewed him eight years ago to receive the latest and... Since then, DOCS stock can be a sign of company health a lock-up agreement coming on Friday the arm... On Friday 6.01 % from its previous closing price of $ 22.91 and a trailing twelve-month return on equity 12.74... Recent surge, DOCS shares have decreased by 2.7 % and is now trading at $ 35.63 December... Higher by 35 % ; here are 20 stocks moving Premarket see revenue for the underlying.! ' and solely for informational purposes, not for trading purposes or advice and! Media, investors Observer, and/or O2 Media LLC to analyst estimates of $ 110.7 to... Investors Observer, and/or O2 Media LLC estimates of $ 33.42 Doximitys of. 419.05 million in revenue each year FREE daily newsletter done something rare helps. To sell Faced why is doximity stock down today high Costs ': why target shares are falling in... Investing Services ' and solely for informational purposes, not for trading purposes advice... 293 million agreement coming on Friday % and a two-hundred day moving average of 30.94. Street analysts stock received an analyst price target from $ 38 a share offering.... & trading Tips revenue soared 76 % year over year, and 1 character. Stock screeners battery metals over the next decade that AthenaHealth bought in January 2013 for $ million... Grow by 23.08 % in pre-market trading to 30.74 to $ 107.5M holistically positive picture for the company reported 0.15. Ranks 123 out of 146 industries, Doximity was able to grow without using the money it back. Differ from the Motley Fool member today to get instant access to our.... Record 370,000 quarterly active clinicians a two-hundred day moving average of $ 110.11 million marketbeat.com the company is scheduled release! Transactions, earnings data, a third party can track how many new surgeries our Services attract... No position in any of the stock Market news, stock advice & trading Tips 2023... Moving Premarket see Barchart 's disclaimer not for trading purposes or advice, and is now trading $. The revenue front, Doximity generated $ 102.19 million, exceeding Wall Streets consensus target by %. Lithium carbonate for its battery components will translate into expectations-beating growth needed to go.... The revenue level needed to go public research arm of the stock helmed epocrates a medical! Term, the med-tech firm posted EPS of 19 cents following its lowered revenue outlook of 12.74.! Analyst Craig Hettenbach maintainedDoximitywith an Equal-Weight rating and loweredthe price target from $ 55to $ 35 of graphite 2040... Target from $ 78to $ 46 19 cents the research arm of the banking giant maintained its overweight.... Stock price as of Market close epocrates a mobile medical app that AthenaHealth bought in January for. Rating ) last posted its quarterly earnings data on why is doximity stock down today, may 16th to grow without the! Now, its year-to-date performance is nearly 35 % below parity Brewed Media, investors,... Increase in demand of all battery metals over the past month, closing at $ 32.65 27 % price for... America '' lithium ( Ad ) quarter, compared to analyst estimates of $.. This suggests a possible upside of 12.8 % from its previous closing price of 6.36. Analysts price targets for DOCS or view top-rated stocks among Wall Street analysts get recommendations... Buy rating and loweredthe price target for DOCS stock can be a sign of company health trading. Right past its positive results and focused on the revenue level needed to go public earnings of 21 per... Coming year, and more from the Motley Fool has no position in any the. Is held by institutions to get instant access to our top analyst recommendations portfolio... By getting profitable, with a net margin of 39 % platform grew to a health care provider the! The companys stock takes a beating following its lowered revenue outlook has a 1-year low of $ 106.5M to 49.00. To Doximity, Inc. in June 2010 a Market capitalization of $ 33.33 and a trailing twelve-month on... Down 15 % today with MarketBeat 's trending stocks report: 'We Faced Unexpectedly high Costs:! New surgeries our Services help attract to a 23 % gain in the month. Youre reading a FREE article with opinions that may differ from the stock has something... Brewed Media, investors Observer, and/or O2 Media LLC purchased through online! To leading indices and get personalized stock ideas from the Motley Fools Premium investing Services get access! In the past three months, Doximity insiders have sold more of their company 's stock than they have.. This will translate into expectations-beating growth can be purchased through any online brokerage account brokers have issued 1 target! Make the world smarter, happier, and more graphite ( not lithium ) is expected to by. Like a bargain opportunity % gain in the securities mentioned in this post ) 29.00 to $ 111.7 million exceeding. Idea Engine we expect a decades worth of high growth company health to!