DocuSign, Inc. (NASDAQ:DOCU) Given Consensus Rating of “Hold” by Analysts

Shares of DocuSign, Inc. (NASDAQ:DOCU) have received an average recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $95.00.

DOCU has been the topic of several analyst reports. Bank of America decreased their price target on DocuSign from $112.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. HSBC reaffirmed a “reduce” rating on shares of DocuSign in a report on Friday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $124.00 price target on shares of DocuSign in a report on Tuesday, January 7th. Robert W. Baird set a $93.00 price target on shares of DocuSign in a report on Friday, March 14th. Finally, Piper Sandler lifted their price objective on DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, December 6th.

Insiders Place Their Bets

In other DocuSign news, CEO Allan C. Thygesen sold 40,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $90.04, for a total value of $3,601,600.00. Following the completion of the sale, the chief executive officer now directly owns 156,050 shares of the company’s stock, valued at $14,050,742. The trade was a 20.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James P. Shaughnessy sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $90.17, for a total transaction of $676,275.00. Following the sale, the insider now owns 43,781 shares of the company’s stock, valued at approximately $3,947,732.77. The trade was a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,851 shares of company stock valued at $8,579,369 over the last quarter. 1.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DocuSign

A number of hedge funds and other institutional investors have recently modified their holdings of DOCU. Citizens Financial Group Inc. RI raised its holdings in DocuSign by 2.3% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,990 shares of the company’s stock valued at $539,000 after buying an additional 133 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of DocuSign by 20.9% in the fourth quarter. Rakuten Securities Inc. now owns 797 shares of the company’s stock valued at $72,000 after acquiring an additional 138 shares during the period. Synergy Financial Group LTD raised its stake in shares of DocuSign by 3.4% during the fourth quarter. Synergy Financial Group LTD now owns 4,241 shares of the company’s stock valued at $381,000 after acquiring an additional 140 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of DocuSign by 1.3% during the fourth quarter. M&T Bank Corp now owns 10,840 shares of the company’s stock worth $975,000 after purchasing an additional 143 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in shares of DocuSign by 34.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 557 shares of the company’s stock worth $50,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

DocuSign Trading Down 2.9 %

DOCU opened at $83.18 on Wednesday. DocuSign has a 12 month low of $48.70 and a 12 month high of $107.86. The company has a market cap of $16.84 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 6.94 and a beta of 1.02. The company has a 50 day moving average of $87.18 and a 200 day moving average of $81.54.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The firm had revenue of $776.25 million during the quarter, compared to analyst estimates of $760.94 million. During the same period last year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts forecast that DocuSign will post 1.17 earnings per share for the current fiscal year.

About DocuSign

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.