DocuSign, Inc. (NASDAQ:DOCU) Receives Average Rating of "Hold" from Analysts

Shares of DocuSign, Inc. (NASDAQ:DOCU - Get Free Report) have been given an average recommendation of "Hold" by the sixteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $92.46.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of DocuSign from $73.00 to $65.00 and set an "underweight" rating for the company in a research note on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of DocuSign in a report on Thursday, April 17th. JMP Securities reiterated a "market outperform" rating and set a $124.00 price objective on shares of DocuSign in a research note on Thursday, April 17th. UBS Group reduced their target price on shares of DocuSign from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Wedbush reissued a "neutral" rating and issued a $100.00 price objective on shares of DocuSign in a research report on Friday, March 14th.

Insider Buying and Selling at DocuSign

In other DocuSign news, CFO Blake Jeffrey Grayson sold 8,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $76.09, for a total transaction of $608,720.00. Following the completion of the sale, the chief financial officer now directly owns 86,156 shares in the company, valued at approximately $6,555,610.04. This trade represents a 8.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Teresa Briggs sold 534 shares of DocuSign stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the transaction, the director now directly owns 8,270 shares in the company, valued at approximately $722,880.70. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,851 shares of company stock valued at $4,607,439. Company insiders own 1.66% of the company's stock.

Institutional Trading of DocuSign

Several institutional investors have recently made changes to their positions in the stock. Kestra Investment Management LLC acquired a new position in DocuSign in the 4th quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its stake in shares of DocuSign by 519.4% in the first quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock worth $31,000 after acquiring an additional 322 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of DocuSign in the fourth quarter worth $36,000. First Horizon Advisors Inc. raised its holdings in shares of DocuSign by 102.6% during the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock worth $36,000 after acquiring an additional 201 shares in the last quarter. Finally, Wood Tarver Financial Group LLC acquired a new stake in DocuSign during the fourth quarter valued at $37,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

DocuSign Stock Performance

NASDAQ:DOCU traded up $2.84 during mid-day trading on Friday, reaching $80.85. The stock had a trading volume of 334,523 shares, compared to its average volume of 2,725,853. DocuSign has a twelve month low of $48.70 and a twelve month high of $107.86. The firm has a market capitalization of $16.37 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 6.94 and a beta of 1.20. The business has a 50 day simple moving average of $80.55 and a 200 day simple moving average of $83.34.

DocuSign (NASDAQ:DOCU - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. The firm had revenue of $776.25 million for the quarter, compared to analysts' expectations of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. DocuSign's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, sell-side analysts expect that DocuSign will post 1.17 earnings per share for the current year.

About DocuSign

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.