Docusign (NASDAQ: DOCU) recently received a number of ratings updates from brokerages and research firms:

  • 9/25/2018 – Docusign was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “DocuSign Inc. provides e-signature solutions. The Company offers services to mortgage, non-profit, government, real estate, insurance, technology and healthcare industries. Its product portfolio includes trial, single-user, multi-user, business pro, enterprise pro, standards-based signatures, ehanko, DocuSign transaction rooms for real estate, DocuSign payments and enotary. DocuSign Inc. is based in San Francisco, United States. “
  • 9/11/2018 – Docusign was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “DocuSign Inc. provides e-signature solutions. The Company offers services to mortgage, non-profit, government, real estate, insurance, technology and healthcare industries. Its product portfolio includes trial, single-user, multi-user, business pro, enterprise pro, standards-based signatures, ehanko, DocuSign transaction rooms for real estate, DocuSign payments and enotary. DocuSign Inc. is based in San Francisco, United States. “
  • 9/10/2018 – Docusign was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “DocuSign Inc. provides e-signature solutions. The Company offers services to mortgage, non-profit, government, real estate, insurance, technology and healthcare industries. Its product portfolio includes trial, single-user, multi-user, business pro, enterprise pro, standards-based signatures, ehanko, DocuSign transaction rooms for real estate, DocuSign payments and enotary. DocuSign Inc. is based in San Francisco, United States. “
  • 9/6/2018 – Docusign had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $88.00 price target on the stock.
  • 9/6/2018 – Docusign had its price target raised by analysts at Bank of America Corp from $63.00 to $64.00. They now have a “neutral” rating on the stock.
  • 9/6/2018 – Docusign had its price target raised by analysts at JMP Securities from $63.00 to $68.00. They now have a “market outperform” rating on the stock.
  • 9/6/2018 – Docusign had its price target raised by analysts at Morgan Stanley from $46.00 to $50.00. They now have an “equal weight” rating on the stock.
  • 8/8/2018 – Docusign was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “DocuSign Inc. provides e-signature solutions. The Company offers services to mortgage, non-profit, government, real estate, insurance, technology and healthcare industries. Its product portfolio includes trial, single-user, multi-user, business pro, enterprise pro, standards-based signatures, ehanko, DocuSign transaction rooms for real estate, DocuSign payments and enotary. DocuSign Inc. is based in San Francisco, United States. “

Shares of NASDAQ DOCU traded down $0.64 during midday trading on Wednesday, reaching $52.76. 28,468 shares of the company were exchanged, compared to its average volume of 2,322,964. Docusign Inc has a 1 year low of $37.00 and a 1 year high of $68.35.

Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Wednesday, September 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. The company had revenue of $167.04 million for the quarter, compared to analysts’ expectations of $158.70 million. Docusign’s quarterly revenue was up 33.1% compared to the same quarter last year. analysts predict that Docusign Inc will post -2.46 earnings per share for the current fiscal year.

In related news, Director Peter Solvik sold 1,304,348 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $55.00, for a total transaction of $71,739,140.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new position in shares of Docusign during the second quarter worth about $131,000. Bank of Montreal Can purchased a new position in shares of Docusign during the second quarter worth about $145,000. State of Alaska Department of Revenue purchased a new position in shares of Docusign during the second quarter worth about $160,000. Westpac Banking Corp purchased a new position in shares of Docusign during the second quarter worth about $193,000. Finally, Keybank National Association OH purchased a new position in shares of Docusign during the second quarter worth about $245,000. 34.12% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Receive News & Ratings for Docusign Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign Inc and related companies with MarketBeat.com's FREE daily email newsletter.