DocuSign - DOCU Stock Forecast, Price & News

DocuSign, Inc. provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management. The company provides Guided Forms, which enable complex forms to be filled via an interactive and step-by-step process; Click that supports no-signature-required agreements for standard terms and consents; Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Payments that enables customers to collect signatures and payment; Remote Online Notary is a solution using audio-visual and identify verification technologies to enable notarization; and Monitor using advanced analytics to track DocuSign eSignature web, mobile, and API account. It offers industry-specific cloud offerings, including Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally; Rooms for Mortgage, which offers digital workspace to create and close mortgages; FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise, commercial, and small businesses. The company was incorporated in 2003 and is headquartered in San Francisco, California.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of DocuSign from $85.00 to $80.00 in a report on Friday, June 10th. Wells Fargo & Company cut their target price on shares of DocuSign from $80.00 to $63.00 and set an "equal weight" rating for the company in a research note on Friday, June 10th. William Blair lowered shares of DocuSign from an "outperform" rating to a "market perform" rating in a research note on Friday, June 10th. Robert W. Baird set a $60.00 target price on shares of DocuSign in a research note on Monday, June 20th. Finally, Wolfe Research lowered shares of DocuSign from a "market perform" rating to an "underperform" rating and set a $50.00 target price for the company. in a research note on Monday, June 13th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $131.20.

DocuSign Trading Down 5.7 %

Shares of NASDAQ:DOCU traded down $4.18 during mid-day trading on Wednesday, hitting $69.59. The stock had a trading volume of 2,762,137 shares, compared to its average volume of 5,121,952. DocuSign has a 12-month low of $55.86 and a 12-month high of $314.70. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $13.91 billion, a PE ratio of -154.64 and a beta of 1.21. The company's 50 day moving average is $66.05 and its 200-day moving average is $86.01.

DocuSign (NASDAQ:DOCU - Get Rating) last released its earnings results on Thursday, June 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.04). DocuSign had a negative return on equity of 17.17% and a negative net margin of 4.00%. The company had revenue of $588.69 million during the quarter, compared to analysts' expectations of $581.85 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The firm's quarterly revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts predict that DocuSign will post -0.48 EPS for the current year.