Docusign Inc. (NASDAQ:DOCU) Given Consensus Recommendation of “Hold” by Analysts

Docusign Inc. (NASDAQ:DOCUGet Free Report) has been assigned a consensus rating of “Hold” from the twenty-one analysts that are covering the stock, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $78.80.

Several equities analysts have recently weighed in on DOCU shares. Bank of America reduced their price objective on Docusign from $102.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Cantor Fitzgerald restated an “outperform” rating on shares of Docusign in a report on Wednesday, December 17th. Robert W. Baird reduced their price target on shares of Docusign from $90.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Citigroup reiterated a “market outperform” rating on shares of Docusign in a research note on Monday, March 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research report on Tuesday, March 10th.

Check Out Our Latest Research Report on DOCU

Docusign Stock Up 1.5%

DOCU stock opened at $47.54 on Wednesday. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. Docusign has a 52-week low of $40.16 and a 52-week high of $94.67. The stock’s fifty day simple moving average is $51.11 and its 200-day simple moving average is $64.46.

Docusign (NASDAQ:DOCUGet Free Report) last released its earnings results on Tuesday, March 17th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. Docusign had a return on equity of 15.02% and a net margin of 9.57%.The firm had revenue of $836.86 million during the quarter, compared to analyst estimates of $828.23 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that Docusign will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Docusign

In other Docusign news, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the transaction, the insider directly owned 54,550 shares of the company’s stock, valued at $3,656,486.50. This trade represents a 18.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Paula Hansen sold 6,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.05, for a total value of $402,300.00. Following the transaction, the executive owned 68,970 shares in the company, valued at approximately $4,624,438.50. This represents a 8.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,477 shares of company stock valued at $3,521,607 in the last quarter. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Docusign

Several hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its position in Docusign by 11.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 238,114 shares of the company’s stock worth $16,287,000 after acquiring an additional 24,842 shares in the last quarter. Corient Private Wealth LLC grew its position in Docusign by 2.5% in the fourth quarter. Corient Private Wealth LLC now owns 29,608 shares of the company’s stock valued at $2,026,000 after acquiring an additional 732 shares in the last quarter. Kera Capital Partners Inc. grew its position in Docusign by 347.8% in the fourth quarter. Kera Capital Partners Inc. now owns 16,556 shares of the company’s stock valued at $1,132,000 after acquiring an additional 12,859 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of Docusign by 490.2% during the fourth quarter. Alberta Investment Management Corp now owns 72,000 shares of the company’s stock valued at $4,925,000 after purchasing an additional 59,800 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Docusign by 32.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 65,594 shares of the company’s stock worth $4,487,000 after purchasing an additional 16,250 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

More Docusign News

Here are the key news stories impacting Docusign this week:

About Docusign

(Get Free Report)

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.

Recommended Stories

Analyst Recommendations for Docusign (NASDAQ:DOCU)

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.