Head-to-head analysis: Doximity (DOCS) and its peers

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Doximity (NASDAQ: DOCSGet a rating) is one of 63 public companies in the “Custom Computer Programming Services” sector, but how does it compare to its competitors? We will compare Doximity to related companies on the strength of its analyst recommendations, institutional ownership, dividends, risk, profitability, earnings and valuation.

Analyst Notes

This is a breakdown of current recommendations and price targets for Doximity and its rivals, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Doximity 1 2 9 0 2.67
Doximity Competitors 203 1312 2350 69 2.58

Doximity currently has a consensus target price of $47.92, suggesting a potential upside of 41.51%. As a group, the “Custom Computer Programming Services” companies have an upside potential of 46.20%. Since Doximity’s rivals have higher upside potential, analysts clearly believe that Doximity has less favorable growth aspects than its rivals.

Profitability

This table compares the net margins, return on equity and return on assets of Doximity and its competitors.

Net margins Return on equity return on assets
Doximity 40.52% 17.19% 15.27%
Doximity Competitors -12.66% -60.27% 0.57%

Institutional and insider ownership

67.9% of Doximity shares are held by institutional investors. In comparison, 53.1% of the shares of all “Custom Computer Programming Services” companies are held by institutional investors. 17.6% of the shares of all “Custom Computer Programming Services” companies are held by insiders. Strong institutional ownership indicates that large fund managers, hedge funds, and endowments believe a company is poised for long-term growth.

Benefits and evaluation

This table compares the gross revenue, earnings per share and valuation of Doximity and its rivals.

Gross revenue Net revenue Price/earnings ratio
Doximity $343.55 million $154.78 million 49.07
Doximity Competitors $2.10 billion $194.48 million 21.19

Doximity’s competitors have higher revenues and profits than Doximity. Doximity trades at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Summary

Doximity beats its rivals on 7 of the 12 factors compared.

About Doximity (Get a rating)

Doximity, Inc. operates a cloud-based digital platform for healthcare professionals in the United States. The Company’s cloud platform provides its members with tools designed for healthcare professionals, allowing them to collaborate with colleagues, coordinate patient care, conduct virtual patient visits, keep current with the latest medical news and research and to manage their careers. It primarily serves pharmaceutical companies and healthcare systems. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.



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