Doximity stock hits 7-week low; Bank of America downgrades on macro pressures [Seeking Alpha]
Doximity, Inc. Class A (DOCS)
Company Research
Source: Seeking Alpha
Doximity stock hits 7-week low; Bank of America downgrades on macro pressuresAug. 05, 2022 9:43 AM ETDoximity, Inc. (DOCS)By:Jessica KuruthukulangaraSA News Editor1 CommentLaylaBird/iStock via Getty ImagesDoximity (NYSE:slashed its FY guidanceBank of America downgraded DOCS to Underperform from Neutral, citing macro pressures.The brokerage also cutits price target on DOCS to $29 (potential downside of 28% to last close) from $43, based on 25x CY23E EV/EBITDA, a premium to profitable health IT peers such as HealthEquity and Teladoc."We believe DOCS should trade at a premium to peers on a revenue and EBITDA multiple basis, given faster revenue growth and higher EBITDA margins," analyst Allen Lutz wrote in a note to clients.Lutz said there is limited medium-term clarity around DOCS' growth normalization as some of its customers pulled back on mid-year upsells due to macro factors.Peers like Medscape and names in paid search are becoming more aggressive on price, adding further near-term
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News
- IMPORTANT INVESTOR ALERT: The Schall Law Firm Encourages Investors in Doximity, Inc. with Losses to Contact the FirmPR Newswire
- DOCS INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Doximity, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action LawsuitAccesswire
- DOXIMITY SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Doximity, Inc. - DOCSAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Doximity, Inc. - DOCSPR Newswire
- Doximity, Inc. (DOCS) Investor Notice: Robbins LLP Reminds Stockholders of the Doximity, Inc. Shareholder Class ActionBusiness Wire
DOCS
Earnings
- 2/8/24 - Beat
DOCS
Sec Filings
- 4/2/24 - Form 4
- 4/1/24 - Form 144
- 3/4/24 - Form 4
- DOCS's page on the SEC website