Docusign Inc. (NASDAQ:DOCU) Stock Has Consensus Target Price of $67.62

Docusign Inc. (NASDAQ:DOCU) has earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $67.62.

A number of equities analysts recently weighed in on the company. Weiss Ratings raised Docusign from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Citizens Jmp reiterated a “market outperform” rating and set a $86.00 price target on shares of Docusign in a report on Friday, September 4th. Wells Fargo & Company upped their price objective on Docusign from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. UBS Group increased their target price on shares of Docusign from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Finally, Wall Street Zen downgraded Docusign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd.

Docusign Stock Performance

NASDAQ DOCU opened at $85.27 on Thursday. Docusign has a fifty-two week low of $40.16 and a fifty-two week high of $85.39. The firm has a market capitalization of $15.94 billion, a P/E ratio of 51.99, a PEG ratio of 3.15 and a beta of 0.86. The stock has a 50-day simple moving average of $68.76 and a two-hundred day simple moving average of $55.89.

Docusign (NASDAQ:DOCU) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07. Docusign had a return on equity of 18.29% and a net margin of 9.82%. The business had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Docusign will post 2.14 earnings per share for the current year.

Insider Buying and Selling at Docusign

In other news, Director Mary Wilderotter sold 1,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $68.80, for a total value of $68,800.00. Following the completion of the transaction, the director owned 2,199 shares in the company, valued at approximately $151,291.20. This represents a 31.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Chatwani sold 14,676 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $69.41, for a total value of $1,018,661.16. Following the completion of the sale, the insider directly owned 75,928 shares of the company’s stock, valued at $5,270,162.48. The trade was a 16.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 165,868 shares of company stock worth $11,121,890. 0.59% of the stock is owned by insiders.

Institutional Trading of Docusign

Large investors have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in shares of Docusign in the third quarter valued at approximately $27,000. WealthCollab LLC boosted its position in Docusign by 372.4% during the first quarter. WealthCollab LLC now owns 855 shares of the company’s stock worth $41,000 after acquiring an additional 674 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in Docusign by 71.1% during the third quarter. Elevation Wealth Partners LLC now owns 876 shares of the company’s stock worth $59,000 after acquiring an additional 364 shares during the last quarter. Virtus Advisers LLC acquired a new stake in Docusign during the second quarter worth approximately $47,000. Finally, Rakuten Securities Inc. purchased a new stake in Docusign in the 2nd quarter worth approximately $49,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Docusign Company Profile

DocuSign, Inc is a software company that provides digital agreement and electronic signature solutions. Its platform enables individuals and organizations to prepare, send, sign, manage and store agreements electronically, helping customers replace paper-based contracting processes with digital workflows.

The company’s offerings include eSignature, contract lifecycle management, identity verification, notarization and agreement analytics tools. These products are designed to support agreement creation, negotiation, execution and post-signature management across functions such as sales, human resources, procurement, legal and finance.

Founded in 2003, DocuSign serves businesses, government organizations and individual users in markets around the world.