Docusign (NASDAQ:DOCU) had its price target hoisted by Bank of America from $63.00 to $64.00 in a research note published on Thursday. They currently have a neutral rating on the stock.

Several other research firms also recently issued reports on DOCU. JMP Securities lifted their price objective on Docusign from $63.00 to $68.00 and gave the stock a market outperform rating in a report on Thursday. JPMorgan Chase & Co. restated an overweight rating and set a $88.00 price objective on shares of Docusign in a report on Thursday. Zacks Investment Research upgraded Docusign from a sell rating to a hold rating in a report on Wednesday, August 8th. Morgan Stanley lifted their price objective on Docusign from $46.00 to $50.00 and gave the stock an equal weight rating in a report on Thursday. Finally, Deutsche Bank lifted their price objective on Docusign from $45.00 to $50.00 and gave the stock a hold rating in a report on Friday, June 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Docusign has a consensus rating of Buy and an average target price of $62.13.

DOCU stock traded up $1.16 during midday trading on Thursday, hitting $59.01. 19,966 shares of the company’s stock were exchanged, compared to its average volume of 1,275,412. Docusign has a 12-month low of $37.00 and a 12-month high of $68.35.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings data on Wednesday, September 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $167.04 million for the quarter, compared to analysts’ expectations of $158.70 million. The business’s revenue was up 33.1% on a year-over-year basis. equities analysts forecast that Docusign will post -2.29 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Docusign in the 2nd quarter worth approximately $131,000. Bank of Montreal Can acquired a new position in shares of Docusign in the 2nd quarter worth approximately $145,000. State of Alaska Department of Revenue acquired a new position in shares of Docusign in the 2nd quarter worth approximately $160,000. Westpac Banking Corp acquired a new position in shares of Docusign in the 2nd quarter worth approximately $193,000. Finally, Keybank National Association OH acquired a new position in shares of Docusign in the 2nd quarter worth approximately $245,000. Institutional investors own 33.28% of the company’s stock.

About Docusign

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.

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Analyst Recommendations for Docusign (NASDAQ:DOCU)

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