DocuSign's (DOCU) "Outperform" Rating Reiterated at William Blair

William Blair restated their outperform rating on shares of DocuSign (NASDAQ:DOCU - Free Report) in a report released on Monday morning,RTT News reports.

A number of other research analysts have also commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of DocuSign in a research note on Thursday, April 17th. Royal Bank of Canada reiterated a "sector perform" rating and set a $90.00 price target on shares of DocuSign in a research report on Friday, March 14th. HSBC upgraded DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price objective for the company in a report on Friday, April 11th. Citigroup lifted their target price on DocuSign from $113.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Finally, Bank of America dropped their price target on shares of DocuSign from $112.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $92.46.

DocuSign Trading Up 1.4 %

DOCU traded up $1.14 during trading hours on Monday, hitting $82.81. The company's stock had a trading volume of 1,051,319 shares, compared to its average volume of 2,747,533. The company has a 50-day simple moving average of $80.34 and a 200 day simple moving average of $83.68. The firm has a market capitalization of $16.77 billion, a PE ratio of 17.07, a PEG ratio of 6.94 and a beta of 1.20. DocuSign has a fifty-two week low of $48.70 and a fifty-two week high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. The company had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. Research analysts expect that DocuSign will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Teresa Briggs sold 534 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.41, for a total value of $46,676.94. Following the transaction, the director now owns 8,270 shares in the company, valued at $722,880.70. This represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Chatwani sold 15,706 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $83.19, for a total transaction of $1,306,582.14. Following the sale, the insider now owns 76,842 shares of the company's stock, valued at approximately $6,392,485.98. This represents a 16.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,851 shares of company stock valued at $4,607,439. Company insiders own 1.66% of the company's stock.

Institutional Investors Weigh In On DocuSign

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC acquired a new position in shares of DocuSign in the fourth quarter worth $30,000. Golden State Wealth Management LLC grew its stake in DocuSign by 519.4% in the first quarter. Golden State Wealth Management LLC now owns 384 shares of the company's stock valued at $31,000 after purchasing an additional 322 shares in the last quarter. First Horizon Advisors Inc. increased its position in DocuSign by 102.6% in the 4th quarter. First Horizon Advisors Inc. now owns 397 shares of the company's stock worth $36,000 after purchasing an additional 201 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of DocuSign during the 4th quarter worth about $36,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of DocuSign during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 77.64% of the company's stock.

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.