Analysts predict that Docusign Inc (NASDAQ:DOCU) will announce sales of $220.11 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Docusign’s earnings. The lowest sales estimate is $219.20 million and the highest is $221.00 million. Docusign posted sales of $167.04 million in the same quarter last year, which suggests a positive year over year growth rate of 31.8%. The company is scheduled to report its next earnings report on Wednesday, September 4th.
On average, analysts expect that Docusign will report full year sales of $919.85 million for the current financial year, with estimates ranging from $919.00 million to $921.50 million. For the next fiscal year, analysts forecast that the business will post sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Docusign.
Docusign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, June 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.30. Docusign had a negative return on equity of 22.27% and a negative net margin of 26.54%. The business had revenue of $213.96 million during the quarter, compared to the consensus estimate of $208.15 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm’s revenue was up 37.3% on a year-over-year basis.
DOCU has been the subject of several recent research reports. Wedbush set a $17.00 price target on Zumiez and gave the company a “sell” rating in a research report on Friday, June 7th. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. William Blair reaffirmed an “outperform” rating on shares of Vail Resorts in a report on Friday, June 7th. Finally, FBN Securities initiated coverage on Docusign in a report on Tuesday, July 9th. They issued an “outperform” rating and a $60.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.36.
Shares of DOCU stock traded down $0.43 on Friday, hitting $53.62. 927,598 shares of the stock were exchanged, compared to its average volume of 2,373,495. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of -18.49 and a beta of 1.32. The business has a 50-day moving average of $51.91. Docusign has a fifty-two week low of $35.06 and a fifty-two week high of $68.35.
In other Docusign news, insider Kirsten O. Wolberg sold 7,877 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $50.93, for a total transaction of $401,175.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Solvik sold 541,532 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $51.52, for a total transaction of $27,899,728.64. The disclosure for this sale can be found here. Insiders sold a total of 600,988 shares of company stock worth $31,067,181 in the last 90 days. Company insiders own 13.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of DOCU. FMR LLC raised its stake in Docusign by 40.6% in the fourth quarter. FMR LLC now owns 5,343,427 shares of the company’s stock worth $214,165,000 after buying an additional 1,544,047 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Docusign by 46,891.4% during the first quarter. Victory Capital Management Inc. now owns 1,410,682 shares of the company’s stock valued at $73,129,000 after acquiring an additional 1,407,680 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Docusign by 173.7% in the first quarter. Wells Fargo & Company MN now owns 2,018,927 shares of the company’s stock worth $104,661,000 after purchasing an additional 1,281,178 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in Docusign in the first quarter worth approximately $62,829,000. Finally, JPMorgan Chase & Co. boosted its holdings in Docusign by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 4,369,543 shares of the company’s stock worth $226,517,000 after purchasing an additional 865,651 shares during the last quarter. Institutional investors and hedge funds own 61.16% of the company’s stock.
Docusign Company Profile
DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.
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