DocuSign - DOCU Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DocuSign in the last twelve months. There are currently 2 sell ratings, 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DOCU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DOCU, but not buy additional shares or sell existing shares.
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16 Wall Street analysts have issued 1-year target prices for DocuSign's stock. Their DOCU share price forecasts range from $47.00 to $84.00. On average, they predict the company's stock price to reach $59.71 in the next year. This suggests that the stock has a possible downside of 8.6%.
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DocuSign's stock was trading at $55.42 at the beginning of 2023. Since then, DOCU shares have increased by 17.9% and is now trading at $65.33.
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DocuSign saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 12,060,000 shares, a drop of 8.4% from the December 31st total of 13,170,000 shares. Based on an average trading volume of 5,680,000 shares, the days-to-cover ratio is presently 2.1 days.
View DocuSign's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
View our DOCU earnings forecast.

DocuSign, Inc. (NASDAQ:DOCU) released its quarterly earnings data on Thursday, December, 8th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.13. The firm earned $645.46 million during the quarter, compared to analysts' expectations of $626.07 million. DocuSign had a negative trailing twelve-month return on equity of 18.86% and a negative net margin of 5.45%.

DocuSign issued an update on its FY 2023 earnings guidance on Thursday, December, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.49 billion-$2.50 billion, compared to the consensus revenue estimate of $2.49 billion.

782 employees have rated DocuSign Chief Executive Officer Daniel Springer on Glassdoor.com. Daniel Springer has an approval rating of 98% among the company's employees. This puts Daniel Springer in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other DocuSign investors own include NVIDIA (NVDA), Block (SQ), Tesla (TSLA), Advanced Micro Devices (AMD), Zoom Video Communications (ZM), PayPal (PYPL), Salesforce (CRM), Alibaba Group (BABA), Shopify (SHOP) and Netflix (NFLX).

(DOCU) raised $542 million in an initial public offering on Friday, April 27th 2018. The company issued 21,700,000 shares at a price of $24.00-$26.00 per share. Morgan Stanley and J.P. Morgan acted as the underwriters for the IPO and Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, JMP Securities, Pper Jaffray and William Blair were co-managers.

DocuSign trades on the NASDAQ under the ticker symbol "DOCU."

DocuSign's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (2.80%), Assenagon Asset Management S.A. (0.90%), Scout Investments Inc. (0.39%), Simplex Trading LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.30%) and National Bank of Canada FI (0.27%). Insiders that own company stock include Cynthia Gaylor, Daniel D Springer, Enrique T Salem, Enrique T Salem, Kirsten O Wolberg, Loren Alhadeff, Peter Solvik, Scott V Olrich and Tram T Phi.
View institutional ownership trends.

Shares of DOCU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DOCU stock can currently be purchased for approximately $65.33.

DocuSign (NASDAQ:DOCU) has a market capitalization of $13.14 billion and generates $2.11 billion in revenue each year. The company earns $-69,980,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.

The company employs 7,461 workers across the globe.

DocuSign's mailing address is 221 Main St. Suite 1550, San Francisco CA, 94105. The official website for the company is www.docusign.com. The company can be reached via phone at (415) 489-4940 or via email at investors@docusign.com.