Equities analysts forecast that Docusign Inc (NASDAQ:DOCU) will report earnings of ($0.02) per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Docusign’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at ($0.01). The company is expected to issue its next earnings results on Wednesday, December 5th.

On average, analysts expect that Docusign will report full year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.06) to $0.02. For the next year, analysts anticipate that the business will report earnings of $0.12 per share, with EPS estimates ranging from $0.06 to $0.19. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Docusign.

Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Wednesday, September 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $167.04 million for the quarter, compared to analysts’ expectations of $158.70 million. Docusign’s revenue was up 33.1% compared to the same quarter last year.

DOCU has been the subject of a number of research reports. Citigroup boosted their price target on Docusign from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, June 8th. Zacks Investment Research raised Docusign from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Monday, September 10th. Morgan Stanley boosted their price target on Docusign from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, June 8th. Deutsche Bank boosted their price target on Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, June 8th. Finally, JMP Securities boosted their price objective on Docusign from $52.00 to $63.00 and gave the stock a “market outperform” rating in a research note on Friday, June 8th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $62.33.

In related news, Director Peter Solvik sold 1,304,348 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $55.00, for a total value of $71,739,140.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Several large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in shares of Docusign in the second quarter worth about $131,000. Bank of Montreal Can acquired a new position in shares of Docusign in the second quarter worth about $145,000. State of Alaska Department of Revenue acquired a new position in shares of Docusign in the second quarter worth about $160,000. Westpac Banking Corp acquired a new position in shares of Docusign in the second quarter worth about $193,000. Finally, Keybank National Association OH acquired a new position in shares of Docusign in the second quarter worth about $245,000. Institutional investors and hedge funds own 34.12% of the company’s stock.

DOCU stock traded up $0.28 during trading on Thursday, reaching $52.82. 1,914,900 shares of the stock traded hands, compared to its average volume of 1,663,673. Docusign has a 52-week low of $37.00 and a 52-week high of $68.35.

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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