Docusign (NASDAQ:DOCU) had its price target upped by analysts at JMP Securities from $63.00 to $68.00 in a research report issued on Thursday. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 19.42% from the stock’s previous close.
DOCU has been the subject of a number of other reports. Zacks Investment Research lowered Docusign from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Morgan Stanley started coverage on Docusign in a research note on Tuesday, May 22nd. They set an “equal weight” rating and a $42.00 price target for the company. Citigroup started coverage on Docusign in a research note on Tuesday, May 22nd. They set a “buy” rating and a $59.00 price target for the company. Bank of America raised their price target on Docusign from $48.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, June 8th. Finally, JPMorgan Chase & Co. lifted their target price on Docusign to $70.00 and gave the company an “overweight” rating in a research report on Friday, June 8th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $62.13.
Shares of DOCU stock opened at $56.94 on Thursday. Docusign has a 52-week low of $37.00 and a 52-week high of $68.35.
Docusign (NASDAQ:DOCU) last issued 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 business had revenue of $167.04 million for the quarter, compared to the consensus estimate of $158.70 million. Docusign’s quarterly revenue was up 33.1% on a year-over-year basis. analysts predict that Docusign will post -2.29 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bain Capital Public Equity Management LLC bought a new stake in Docusign during the 2nd quarter valued at $343,705,000. KPCB DGF Associates LLC bought a new stake in Docusign during the 2nd quarter valued at $163,591,000. FMR LLC bought a new stake in Docusign during the 2nd quarter valued at $158,068,000. Wasatch Advisors Inc. bought a new stake in Docusign during the 2nd quarter valued at $86,763,000. Finally, BlackRock Inc. bought a new stake in Docusign during the 2nd quarter valued at $89,784,000. 33.28% of the stock is owned by institutional investors and hedge funds.
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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