Docusign (NASDAQ:DOCU) had its price target boosted by Wedbush from $80.00 to $90.00 in a report issued on Friday morning, 24/7 WallStreet reports. Wedbush currently has an outperform rating on the stock.
A number of other research firms also recently commented on DOCU. Danske assumed coverage on Docusign in a research report on Friday, August 16th. They set a buy rating and a $52.00 target price on the stock. Deutsche Bank upped their target price on Docusign from $70.00 to $80.00 and gave the company a buy rating in a research note on Friday. Zacks Investment Research upgraded Docusign from a sell rating to a hold rating in a report on Wednesday, November 6th. ValuEngine raised Docusign from a sell rating to a hold rating in a research note on Friday, November 8th. Finally, JMP Securities upped their price objective on shares of Docusign from $70.00 to $75.00 and gave the company a positive rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Docusign presently has a consensus rating of Buy and an average price target of $74.75.
Shares of NASDAQ:DOCU opened at $75.46 on Friday. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of -26.02 and a beta of 1.46. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.64. The business’s 50 day simple moving average is $68.48 and its 200-day simple moving average is $57.47. Docusign has a 12 month low of $36.25 and a 12 month high of $76.28.
Docusign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.08. Docusign had a negative return on equity of 26.51% and a negative net margin of 25.28%. The firm had revenue of $249.50 million during the quarter, compared to the consensus estimate of $240.40 million. The firm’s revenue was up 39.9% compared to the same quarter last year. On average, equities analysts anticipate that Docusign will post -1.04 earnings per share for the current year.
In other news, CRO Loren Alhadeff sold 8,000 shares of Docusign stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $69.76, for a total value of $558,080.00. Following the transaction, the executive now directly owns 214,078 shares of the company’s stock, valued at approximately $14,934,081.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott V. Olrich sold 2,000 shares of Docusign stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $59.50, for a total value of $119,000.00. In the last three months, insiders have sold 48,698 shares of company stock valued at $3,171,289. 13.60% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of DOCU. Steward Partners Investment Advisory LLC raised its holdings in Docusign by 6.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 4,258 shares of the company’s stock valued at $211,000 after buying an additional 260 shares during the period. Berkeley Capital Partners LLC grew its stake in Docusign by 3.0% during the third quarter. Berkeley Capital Partners LLC now owns 10,767 shares of the company’s stock worth $667,000 after buying an additional 316 shares during the period. Tortoise Index Solutions LLC grew its stake in Docusign by 26.0% during the second quarter. Tortoise Index Solutions LLC now owns 1,859 shares of the company’s stock worth $92,000 after buying an additional 384 shares during the period. Whittier Trust Co. increased its position in shares of Docusign by 229.4% in the third quarter. Whittier Trust Co. now owns 560 shares of the company’s stock worth $35,000 after acquiring an additional 390 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new stake in shares of Docusign in the third quarter worth $25,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
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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