The stock of DocuSign Inc. (NASDAQ:DOCU) last traded at $58.29, down -1.62% from the previous session.
Data from the available sources indicates that DocuSign Inc. (NASDAQ:DOCU) is covered by 25 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $90.00 and a low of $38.00, we find $56.50. Given the previous closing price of $59.25, this indicates a potential downside of -4.64 percent. DOCU stock price is now 10.64% away from the 50-day moving average and -5.93% away from the 200-day moving average. The market capitalization of the company currently stands at $11.59B.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
In total, 15 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $61.40 as their price target over the next twelve months.
With the price target enhanced from $50 to $70, Jefferies Upgraded its rating from Hold to Buy for DocuSign Inc. (NASDAQ: DOCU). On December 09, 2022, Piper Sandler Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock reducing its target price from $54 to quote $50, while ‘Jefferies’ rates the stock as ‘Hold’.
In other news, Springer Daniel D., Director sold 147,008 shares of the company’s stock on Jan 19. The stock was sold for $8,097,603 at an average price of $55.08. Upon completion of the transaction, the Director now directly owns 1,225,714 shares in the company, valued at $71.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 18, Director Springer Daniel D. sold 147,009 shares of the business’s stock. A total of $8,543,575 was realized by selling the stock at an average price of $58.12. This leaves the insider owning 1,377,326 shares of the company worth $80.28 million. Insiders disposed of 133,443 shares of company stock worth roughly $7.78 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DOCU stock. A new stake in DocuSign Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $146,806,000. GERBER KAWASAKI WEALTH & INVESTMENT MANAGEMENT invested $14,701,000 in shares of DOCU during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in DocuSign Inc. valued at approximately $12,701,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in DOCU for approximately $11,791,000. TB ALTERNATIVE ASSETS LTD. purchased a new stake in DOCU valued at around $8,516,000 in the second quarter. In total, there are 1,083 active investors with 78.60% ownership of the company’s stock.
With an opening price of $58.13 on Monday morning, DocuSign Inc. (NASDAQ: DOCU) set off the trading day. During the past 12 months, DocuSign Inc. has had a low of $39.57 and a high of $131.91. As of last week, the company has a debt-to-equity ratio of 1.54, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for DOCU is $52.68 and a two-hundred day moving average price translates $61.97 for the stock.
The latest earnings results from DocuSign Inc. (NASDAQ: DOCU) was released for Jul, 2022. According to the Software – Application Company, earnings per share came in at $0.44, beating analysts’ expectations of $0.42 by 0.02. This compares to -$0.03 EPS in the same period last year. The net profit margin was -5.40% and return on equity was -35.40% for DOCU. The company reported revenue of $645.46 million for the quarter, compared to $545.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.33 percent. For the current quarter, analysts expect DOCU to generate $626.93M in revenue.
DocuSign Inc.(DOCU) Company Profile
DocuSign, Inc. provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they’re signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management. The company provides Guided Forms, which enable complex forms to be filled via an interactive and step-by-step process; Click that supports no-signature-required agreements for standard terms and consents; Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Payments that enables customers to collect signatures and payment; Remote Online Notary is a solution using audio-visual and identify verification technologies to enable notarization; and Monitor using advanced analytics to track DocuSign eSignature web, mobile, and API account. It offers industry-specific cloud offerings, including Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally; Rooms for Mortgage, which offers digital workspace to create and close mortgages; FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise, commercial, and small businesses. The company was incorporated in 2003 and is headquartered in San Francisco, California.
Leave a Reply