Docusign Inc (NASDAQ:DOCU)’s share price reached a new 52-week high and low on Thursday . The stock traded as low as $65.82 and last traded at $64.79, with a volume of 40371 shares. The stock had previously closed at $64.99.
Several equities analysts have weighed in on DOCU shares. Morgan Stanley raised their price target on Docusign from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, June 8th. JMP Securities raised their price target on Docusign from $52.00 to $63.00 and gave the stock a “market outperform” rating in a research report on Friday, June 8th. Deutsche Bank raised their price target on Docusign from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, June 8th. JPMorgan Chase & Co. started coverage on Docusign in a research report on Tuesday, May 22nd. They issued an “overweight” rating and a $53.00 price objective for the company. Finally, William Blair started coverage on Docusign in a research report on Tuesday, May 22nd. They issued an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Docusign currently has an average rating of “Buy” and a consensus price target of $58.63.
Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, June 7th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.14. The business had revenue of $155.81 million during the quarter, compared to analysts’ expectations of $145.87 million. The firm’s quarterly revenue was up 37.3% compared to the same quarter last year. research analysts predict that Docusign Inc will post -2.29 earnings per share for the current fiscal year.
In other news, Director Keith J. Krach sold 165,026 shares of Docusign stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $29.00, for a total value of $4,785,754.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ignition Gp Ii, Llc sold 784,843 shares of Docusign stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $29.00, for a total value of $22,760,447.00. The disclosure for this sale can be found here.
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