FBN Securities initiated coverage on shares of Docusign (NASDAQ:DOCU) in a research report report published on Tuesday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $60.00 price target on the stock.
Other equities analysts have also issued reports about the stock. ValuEngine upgraded shares of Zogenix from a buy rating to a strong-buy rating in a research report on Thursday, June 27th. William Blair reiterated an outperform rating on shares of Vail Resorts in a research report on Friday, June 7th. Piper Jaffray Companies reduced their target price on shares of Zafgen from $18.00 to $6.00 and set a hold rating on the stock in a research report on Monday, March 11th. Finally, Wedbush set a $17.00 target price on shares of Zumiez and gave the stock a sell rating in a research report on Friday, June 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $61.36.
Shares of DOCU stock opened at $53.80 on Tuesday. Docusign has a 1 year low of $35.06 and a 1 year high of $68.35. The business’s 50 day moving average is $51.95. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of -18.55 and a beta of 1.30. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.76 and a quick ratio of 1.76.
Docusign (NASDAQ:DOCU) last announced its earnings results on Thursday, June 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.30. Docusign had a negative net margin of 26.54% and a negative return on equity of 22.27%. The company had revenue of $213.96 million for the quarter, compared to analyst estimates of $208.15 million. During the same period in the prior year, the business earned $0.01 earnings per share. Docusign’s quarterly revenue was up 37.3% on a year-over-year basis. Equities research analysts anticipate that Docusign will post -0.99 earnings per share for the current year.
In related news, COO Scott V. Olrich sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $54.85, for a total transaction of $548,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Solvik sold 541,532 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $51.52, for a total transaction of $27,899,728.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 600,988 shares of company stock valued at $31,067,181. 13.60% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sonora Investment Management LLC bought a new stake in shares of Docusign during the first quarter worth approximately $31,000. Clean Yield Group bought a new stake in shares of Docusign during the first quarter worth approximately $31,000. Legacy Advisors LLC bought a new stake in shares of Docusign during the first quarter worth approximately $38,000. Rehmann Capital Advisory Group raised its stake in shares of Docusign by 226.1% during the first quarter. Rehmann Capital Advisory Group now owns 874 shares of the company’s stock worth $45,000 after buying an additional 606 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of Docusign during the first quarter worth approximately $66,000. 61.15% of the stock is owned by institutional investors and hedge funds.
DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.
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