Docusign Inc (NASDAQ:DOCU) has earned an average rating of “Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $61.55.
Several equities research analysts have issued reports on the stock. Wedbush lifted their target price on shares of Docusign from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Piper Jaffray Companies lifted their target price on shares of Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. Deutsche Bank upgraded shares of Docusign from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $65.00 in a report on Tuesday, February 12th. Zacks Investment Research upgraded shares of Docusign from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Finally, KeyCorp began coverage on shares of Docusign in a report on Monday, January 28th. They issued an “overweight” rating and a $59.00 price objective for the company.
In related news, CRO Loren Alhadeff sold 8,717 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $56.04, for a total transaction of $488,500.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Reginald D. Davis sold 235,655 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $50.13, for a total transaction of $11,813,385.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 709,378 shares of company stock valued at $34,993,383.
Large investors have recently bought and sold shares of the stock. Sonora Investment Management LLC acquired a new position in Docusign in the first quarter valued at approximately $31,000. Legacy Advisors LLC bought a new position in Docusign in the 1st quarter worth approximately $38,000. Private Capital Group LLC grew its holdings in Docusign by 173.0% in the 4th quarter. Private Capital Group LLC now owns 819 shares of the company’s stock worth $33,000 after buying an additional 519 shares in the last quarter. Parallel Advisors LLC grew its holdings in Docusign by 244.1% in the 4th quarter. Parallel Advisors LLC now owns 905 shares of the company’s stock worth $36,000 after buying an additional 642 shares in the last quarter. Finally, Caz Investments LP grew its holdings in Docusign by 86.6% in the 4th quarter. Caz Investments LP now owns 933 shares of the company’s stock worth $37,000 after buying an additional 433 shares in the last quarter. Institutional investors own 53.14% of the company’s stock.
Shares of Docusign stock opened at $55.25 on Friday. Docusign has a 1 year low of $35.06 and a 1 year high of $68.35. The company has a market cap of $9.39 billion and a price-to-earnings ratio of -19.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.91 and a quick ratio of 1.91.
Docusign (NASDAQ:DOCU) last announced its earnings results on Thursday, March 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Docusign had a negative net margin of 60.84% and a negative return on equity of 86.06%. The company had revenue of $199.73 million for the quarter, compared to the consensus estimate of $193.63 million. The company’s revenue was up 34.2% compared to the same quarter last year. Equities research analysts predict that Docusign will post -1 earnings per share for the current fiscal year.
DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.
Read More: Stock Symbols and CUSIP Explained
Receive News & Ratings for Docusign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign and related companies with MarketBeat.com's FREE daily email newsletter.