DocuSign Inc. (NASDAQ:DOCU): A Fundamentally Weighted Stock for Long-Term Investors

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.

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.