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

A number of equities analysts have issued reports on the company. Piper Sandler cut DocuSign from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $65.00 to $54.00 in a report on Wednesday, July 20th. UBS Group reduced their target price on DocuSign from $85.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, June 10th. Royal Bank of Canada reduced their target price on DocuSign from $85.00 to $80.00 in a report on Friday, June 10th. Wolfe Research cut DocuSign from a "market perform" rating to an "underperform" rating and set a $50.00 target price on the stock. in a report on Monday, June 13th. Finally, Morgan Stanley reduced their target price on DocuSign from $80.00 to $73.00 and set an "equal weight" rating on the stock in a report on Friday, June 10th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, DocuSign currently has a consensus rating of "Hold" and an average price target of $131.20.

DocuSign Trading Up 2.7 %

NASDAQ:DOCU opened at $74.32 on Tuesday. DocuSign has a fifty-two week low of $55.86 and a fifty-two week high of $314.76. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $14.86 billion, a PE ratio of -165.15 and a beta of 1.21. The business's 50-day simple moving average is $67.41 and its 200-day simple moving average is $87.60.

DocuSign (NASDAQ:DOCU - Get Rating) last announced 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 net margin of 4.00% and a negative return on equity of 17.17%. The firm had revenue of $588.69 million during the quarter, compared to analyst estimates of $581.85 million. During the same period in the prior year, the business posted ($0.03) EPS. The firm's quarterly revenue was up 25.5% compared to the same quarter last year. Sell-side analysts expect that DocuSign will post -0.48 earnings per share for the current fiscal year.