DocuSign, Inc. (NASDAQ:DOCU) Given Consensus Rating of "Hold" by Analysts

DocuSign, Inc. (NASDAQ:DOCU - Get Free Report) has earned an average recommendation of "Hold" from the fifteen research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $95.00.

Several research firms recently weighed in on DOCU. JMP Securities restated a "market outperform" rating and issued a $124.00 price objective on shares of DocuSign in a research report on Tuesday, January 7th. William Blair raised shares of DocuSign from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Hsbc Global Res upgraded shares of DocuSign to a "moderate sell" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upgraded DocuSign from an "underweight" rating to a "neutral" rating and raised their price target for the company from $70.00 to $75.00 in a research report on Monday, March 10th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $90.00 price objective on shares of DocuSign in a report on Friday, March 14th.

Insider Activity at DocuSign

In related news, Director Peter Solvik sold 10,000 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $91.26, for a total transaction of $912,600.00. Following the transaction, the director now owns 150,253 shares in the company, valued at $13,712,088.78. The trade was a 6.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the completion of the sale, the director now owns 8,270 shares of the company's stock, 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. Insiders sold 97,851 shares of company stock worth $8,579,369 in the last three months. 1.66% of the stock is owned by insiders.

Remove Ads

Hedge Funds Weigh In On DocuSign

Hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new stake in DocuSign in the third quarter valued at $28,000. Kestra Investment Management LLC purchased a new stake in shares of DocuSign in the 4th quarter worth about $30,000. Brooklyn Investment Group bought a new stake in shares of DocuSign during the 3rd quarter valued at about $33,000. Modus Advisors LLC purchased a new position in shares of DocuSign during the fourth quarter valued at about $36,000. Finally, First Horizon Advisors Inc. raised its stake in DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock worth $36,000 after buying an additional 201 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Trading Down 2.9 %

Shares of DOCU stock traded down $2.47 during trading on Wednesday, reaching $83.18. 1,503,149 shares of the company's stock traded hands, compared to its average volume of 2,689,292. DocuSign has a 1 year low of $48.70 and a 1 year high of $107.86. The company has a market capitalization of $16.84 billion, a P/E ratio of 17.15, a PEG ratio of 6.94 and a beta of 1.02. The firm's 50-day moving average is $87.18 and its 200 day moving average is $81.36.

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

DocuSign Company Profile

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.