DocuSign, Inc. (NASDAQ:DOCU) Receives $60.25 Average PT from Brokerages

DocuSign, Inc. (NASDAQ:DOCU) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $60.25.

Several analysts have recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $59.00 price objective on shares of DocuSign in a research note on Friday, April 12th. Morgan Stanley raised DocuSign from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $49.00 to $64.00 in a research report on Tuesday, January 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a report on Friday, April 12th. JMP Securities reiterated a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a report on Friday, April 12th. Finally, UBS Group upgraded shares of DocuSign from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $48.00 to $62.00 in a report on Friday, April 12th.

DocuSign Stock Down 2.0 %

Shares of DOCU opened at $58.31 on Friday. The business’s fifty day moving average is $57.51 and its 200 day moving average is $53.63. DocuSign has a 12-month low of $38.11 and a 12-month high of $64.76. The stock has a market cap of $11.98 billion, a P/E ratio of 161.98, a P/E/G ratio of 5.17 and a beta of 0.88.

DocuSign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $712.39 million for the quarter, compared to analyst estimates of $698.05 million. DocuSign had a net margin of 2.68% and a return on equity of 13.91%. On average, analysts expect that DocuSign will post 0.87 EPS for the current year.

Insider Buying and Selling

In other DocuSign news, Director Teresa Briggs sold 499 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $52.99, for a total transaction of $26,442.01. Following the completion of the transaction, the director now directly owns 6,169 shares of the company’s stock, valued at $326,895.31. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Allan C. Thygesen sold 8,086 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $56.16, for a total transaction of $454,109.76. Following the sale, the chief executive officer now directly owns 99,546 shares in the company, valued at approximately $5,590,503.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teresa Briggs sold 499 shares of DocuSign stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $52.99, for a total transaction of $26,442.01. Following the completion of the transaction, the director now owns 6,169 shares of the company’s stock, valued at $326,895.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,277 shares of company stock valued at $3,159,756. 1.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On DocuSign

Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System raised its stake in shares of DocuSign by 0.9% during the 4th quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock valued at $1,087,000 after purchasing an additional 163 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of DocuSign by 2.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock valued at $415,000 after buying an additional 184 shares during the period. Whittier Trust Co. lifted its holdings in shares of DocuSign by 28.8% in the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock worth $56,000 after buying an additional 209 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of DocuSign by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock valued at $4,617,000 after acquiring an additional 239 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in DocuSign by 2.2% during the first quarter. SeaCrest Wealth Management LLC now owns 11,327 shares of the company’s stock valued at $675,000 after acquiring an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

DocuSign Company Profile

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.