The stock of DocuSign Inc (NASDAQ:DOCU) last traded at $47.36, up 2.82% from the previous session.
Data from the available sources indicates that DocuSign Inc (NASDAQ:DOCU) is covered by 23 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 $40.00, we find $59.00. Given the previous closing price of $46.06, this indicates a potential upside of 28.09 percent. DOCU stock price is now 13.75% away from the 50-day moving average and -5.25% away from the 200-day moving average. The market capitalization of the company currently stands at $9.62B.
In total, 14 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $62.67 as their price target over the next twelve months.
With the price target maintained at $42, HSBC Securities recently Upgraded its rating from Reduce to Hold for DocuSign Inc (NASDAQ: DOCU).
In other news, Springer Daniel D., Director sold 289,666 shares of the company’s stock on Oct 10. The stock was sold for $12,319,495 at an average price of $42.53. Upon completion of the transaction, the Director now directly owns 1,051,419 shares in the company, valued at $49.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 09, Director Springer Daniel D. sold 289,667 shares of the business’s stock. A total of $12,192,884 was realized by selling the stock at an average price of $42.09. This leaves the insider owning 1,051,419 shares of the company worth $49.8 million. Insiders disposed of 1,733,223 shares of company stock worth roughly $82.09 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
With an opening price of $46.72 on Wednesday morning, DocuSign Inc (NASDAQ: DOCU) set off the trading day. During the past 12 months, DocuSign Inc has had a low of $38.11 and a high of $69.45. As of last week, the company has a debt-to-equity ratio of 1.04, a current ratio of 0.88, and a quick ratio of 0.88. The fifty day moving average price for DOCU is $41.63 and a two-hundred day moving average price translates $49.99 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 -0.64% and return on equity was -2.72% 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 $690.13M 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.
