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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
