In yesterday’s Wall Street session, DocuSign Inc. (NASDAQ:DOCU) shares traded at $50.30, up 2.91% from the previous session.
25 analysts cover DocuSign Inc. (NASDAQ:DOCU), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $84.00 and a low of $44.00, we find $67.00. Given the previous closing price of $48.88, this indicates a potential upside of 37.07 percent. DOCU stock price is now -0.82% away from the 50-day moving average and -7.00% away from the 200-day moving average. The market capitalization of the company currently stands at $9.84B.
The stock has received a hold rating from 16 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $65.16 as their price target over the next twelve months.
With the price target reduced from $58 to $48, JP Morgan Downgraded its rating from Neutral to Underweight for DocuSign Inc. (NASDAQ: DOCU).
In other news, Salem Enrique T, Director sold 2,500 shares of the company’s stock on Jul 07. The stock was sold for $125,062 at an average price of $50.02. Upon completion of the transaction, the Director now directly owns 156,140 shares in the company, valued at $7.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 06, President, Field Operations Shute Stephen sold 100,315 shares of the business’s stock. A total of $4,935,349 was realized by selling the stock at an average price of $49.20. Insiders disposed of 747,095 shares of company stock worth roughly $37.58 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 QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $74,059,000. PORTSIDE WEALTH GROUP, LLC invested $72,890,000 in shares of DOCU during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in DocuSign Inc. valued at approximately $21,962,000. THRIVENT FINANCIAL FOR LUTHERANS acquired a new stake in DOCU for approximately $10,710,000. MARSHALL WACE, LLP purchased a new stake in DOCU valued at around $10,490,000 in the second quarter. In total, there are 1,000 active investors with 78.60% ownership of the company’s stock.
On Thursday morning DocuSign Inc. (NASDAQ: DOCU) stock kicked off with the opening price of $49.16. During the past 12 months, DocuSign Inc. has had a low of $39.57 and a high of $69.45. As of last week, the company has a debt-to-equity ratio of 0.97, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for DOCU is $50.71 and a two-hundred day moving average price translates $54.08 for the stock.
The latest earnings results from DocuSign Inc. (NASDAQ: DOCU) was released for Apr, 2023. According to the Software – Application Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.56 by 0.16. This compares to -$0.14 EPS in the same period last year. The net profit margin was -2.70% and return on equity was -12.40% for DOCU. The company reported revenue of $661.39 million for the quarter, compared to $588.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.35 percent. For the current quarter, analysts expect DOCU to generate $677.56M in revenue.
DocuSign Inc.(DOCU) Company Profile
DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company provides DocuSign 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; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce. It also provides Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; and Monitor that uses advanced analytics to track DocuSign eSignature web, mobile, and API account. In addition, the company offers Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally; DocuSign Federal and DocuSign CLM are 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 and partner-assisted sales, and web-based self-service purchasing. The company was incorporated in 2003 and is headquartered in San Francisco, California.
