The stock of DocuSign Inc. (NASDAQ:DOCU) last traded at $43.69, down -0.16% from the previous session.
Data from the available sources indicates that DocuSign Inc. (NASDAQ:DOCU) is covered by 26 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $87.00 and a low of $42.00, we find $59.50. Given the previous closing price of $43.76, this indicates a potential upside of 35.97 percent. DOCU stock price is now -12.88% away from the 50-day moving average and -19.29% away from the 200-day moving average. The market capitalization of the company currently stands at $9.08B.
In total, 16 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $62.99 as their price target over the next twelve months.
With the price target of $42, HSBC Securities recently initiated with Reduce rating for DocuSign Inc. (NASDAQ: DOCU).
In other news, Shute Stephen, President, Field Operations sold 13,606 shares of the company’s stock on Sep 19. The stock was sold for $591,997 at an average price of $43.51. Upon completion of the transaction, the President, Field Operations now directly owns 2,740 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07, Director Salem Enrique T sold 2,500 shares of the business’s stock. A total of $125,062 was realized by selling the stock at an average price of $50.02. This leaves the insider owning 156,140 shares of the company worth $6.82 million. Insiders disposed of 737,934 shares of company stock worth roughly $32.24 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 $64,327,000. TWINBEECH CAPITAL LP invested $19,076,000 in shares of DOCU during the first quarter. In the first quarter, THRIVENT FINANCIAL FOR LUTHERANS acquired a new stake in DocuSign Inc. valued at approximately $9,303,000. MARSHALL WACE, LLP acquired a new stake in DOCU for approximately $9,112,000. AQUATIC CAPITAL MANAGEMENT LLC purchased a new stake in DOCU valued at around $6,117,000 in the second quarter. In total, there are 1,000 active investors with 78.60% ownership of the company’s stock.
With an opening price of $43.20 on Tuesday 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 $69.45. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for DOCU is $50.00 and a two-hundred day moving average price translates $54.11 for the stock.
The latest earnings results from DocuSign Inc. (NASDAQ: DOCU) was released for Jul, 2023. According to the Software – Application Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.66 by 0.06. This compares to -$0.22 EPS in the same period last year. The net profit margin was -0.60% and return on equity was -2.50% for DOCU. The company reported revenue of $687.69 million for the quarter, compared to $622.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.53 percent. For the current quarter, analysts expect DOCU to generate $690.1M 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.