Valeo Financial Advisors LLC Boosts Position in Docusign Inc (DOCU)
Valeo Financial Advisors LLC boosted its holdings in Docusign Inc (NASDAQ:DOCU) by 11.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,300 shares of the company’s stock after purchasing an additional 335 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Docusign were worth $171,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sonora Investment Management LLC acquired a new stake in Docusign in the 1st quarter valued at $31,000. Private Capital Group LLC lifted its stake in Docusign by 173.0% during the 4th quarter. Private Capital Group LLC now owns 819 shares of the company’s stock valued at $33,000 after acquiring an additional 519 shares in the last quarter. Parallel Advisors LLC lifted its stake in Docusign by 244.1% during the 4th quarter. Parallel Advisors LLC now owns 905 shares of the company’s stock valued at $36,000 after acquiring an additional 642 shares in the last quarter. Caz Investments LP lifted its stake in Docusign by 86.6% during the 4th quarter. Caz Investments LP now owns 933 shares of the company’s stock valued at $37,000 after acquiring an additional 433 shares in the last quarter. Finally, Legacy Advisors LLC bought a new position in Docusign during the 1st quarter valued at $38,000. 53.14% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Wedbush raised their price objective on Docusign from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Piper Jaffray Companies raised their price objective on Docusign from $50.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, March 11th. Deutsche Bank upgraded Docusign from a “hold” rating to a “buy” rating and raised their price objective for the company from $50.00 to $65.00 in a research note on Tuesday, February 12th. Zacks Investment Research upgraded Docusign from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, KeyCorp assumed coverage on Docusign in a research note on Monday, January 28th. They set an “overweight” rating and a $59.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Docusign presently has a consensus rating of “Buy” and an average target price of $61.75.
Shares of NASDAQ:DOCU opened at $55.25 on Monday. The firm has a market cap of $9.40 billion and a price-to-earnings ratio of -19.05. Docusign Inc has a 1-year low of $35.06 and a 1-year high of $68.35. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.71.
Docusign (NASDAQ:DOCU) last released its earnings results on Thursday, March 14th. The company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.01). The business had revenue of $199.73 million for the quarter, compared to the consensus estimate of $193.63 million. Docusign had a negative return on equity of 86.06% and a negative net margin of 60.84%. The company’s revenue for the quarter was up 34.2% on a year-over-year basis. As a group, sell-side analysts forecast that Docusign Inc will post -1 earnings per share for the current year.
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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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