Several other brokerages have also commented on DOCU. JMP Securities increased their price objective on shares of Docusign from $63.00 to $68.00 and gave the company a market outperform rating in a research report on Thursday. Zacks Investment Research raised shares of Docusign from a sell rating to a hold rating in a research report on Wednesday, August 8th. JPMorgan Chase & Co. reissued an overweight rating and set a $88.00 price target on shares of Docusign in a research report on Thursday. Deutsche Bank raised their price target on shares of Docusign from $45.00 to $50.00 and gave the stock a hold rating in a research report on Friday, June 8th. Finally, William Blair began coverage on shares of Docusign in a research report on Tuesday, May 22nd. They set an outperform rating for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $62.13.
Shares of Docusign stock traded up $1.16 during midday trading on Thursday, hitting $59.01. The company had a trading volume of 19,966 shares, compared to its average volume of 1,275,412. Docusign has a 12-month low of $37.00 and a 12-month high of $68.35.
Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Wednesday, September 5th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $167.04 million during the quarter, compared to analysts’ expectations of $158.70 million. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. analysts expect that Docusign will post -2.29 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new position in Docusign during the 2nd quarter worth approximately $131,000. Bank of Montreal Can purchased a new position in Docusign during the 2nd quarter worth approximately $145,000. State of Alaska Department of Revenue purchased a new position in Docusign during the 2nd quarter worth approximately $160,000. Westpac Banking Corp purchased a new position in Docusign during the 2nd quarter worth approximately $193,000. Finally, Keybank National Association OH purchased a new position in Docusign during the 2nd quarter worth approximately $245,000. 33.28% of the stock is owned by institutional investors.
Docusign Company Profile
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.
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