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

DocuSign, Inc. (NASDAQ:DOCU) has earned a consensus rating of “Hold” from the fifteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $95.00.

Several analysts recently weighed in on DOCU shares. Jefferies Financial Group upped their price target on DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded shares of DocuSign from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $70.00 to $75.00 in a research note on Monday, March 10th. Hsbc Global Res raised shares of DocuSign to a “moderate sell” rating in a report on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $90.00 price objective on shares of DocuSign in a report on Friday, March 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of DocuSign in a research note on Friday, March 14th.

Insider Buying and Selling at DocuSign

In other DocuSign news, insider Robert Chatwani sold 15,706 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $83.19, for a total transaction of $1,306,582.14. Following the transaction, the insider now directly owns 76,842 shares in the company, valued at $6,392,485.98. This represents a 16.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Allan C. Thygesen sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $90.04, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold 97,851 shares of company stock valued at $8,579,369 in the last quarter. 1.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DOCU. Itau Unibanco Holding S.A. bought a new stake in shares of DocuSign in the 3rd quarter valued at about $28,000. Kestra Investment Management LLC purchased a new stake in shares of DocuSign during the 4th quarter valued at $30,000. Brooklyn Investment Group purchased a new position in DocuSign during the 3rd quarter worth $33,000. Modus Advisors LLC purchased a new stake in DocuSign in the fourth quarter valued at about $36,000. Finally, First Horizon Advisors Inc. boosted its holdings in DocuSign by 102.6% in the fourth quarter. First Horizon Advisors Inc. now owns 397 shares of the company’s stock worth $36,000 after acquiring an additional 201 shares in the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

DocuSign Trading Up 0.4 %

Shares of DocuSign stock opened at $89.39 on Wednesday. The company’s fifty day simple moving average is $87.50 and its two-hundred day simple moving average is $80.91. DocuSign has a 12-month low of $48.70 and a 12-month high of $107.86. The company has a market cap of $18.10 billion, a P/E ratio of 18.43, a PEG ratio of 6.94 and a beta of 1.02.

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

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.