DocuSign - DOCU Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DocuSign in the last year. There are currently 3 sell ratings, 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 12 month target prices for DocuSign's stock. Their DOCU share price forecasts range from $47.00 to $84.00. On average, they anticipate the company's stock price to reach $58.50 in the next year. This suggests a possible upside of 39.0% from the stock's current price.
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DocuSign's stock was trading at $152.31 at the beginning of the year. Since then, DOCU stock has decreased by 72.4% and is now trading at $42.08.
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DocuSign saw a decline in short interest in November. As of November 15th, there was short interest totaling 12,790,000 shares, a decline of 19.2% from the October 31st total of 15,820,000 shares. Based on an average trading volume of 5,210,000 shares, the days-to-cover ratio is presently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our DOCU earnings forecast.

DocuSign will be holding an earnings conference call on Thursday, December 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13734316".

DocuSign, Inc. (NASDAQ:DOCU) issued its quarterly earnings results on Thursday, September, 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by $0.09. The firm had revenue of $622.18 million for the quarter, compared to the consensus estimate of $602.25 million. DocuSign had a negative net margin of 4.65% and a negative trailing twelve-month return on equity of 21.74%. DocuSign's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.07) EPS.

DocuSign issued an update on its third quarter 2023 earnings guidance on Thursday, October, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $624.00 million-$628.00 million, compared to the consensus revenue estimate of $625.05 million.

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 IPO 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 served 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 investors include Vanguard Group Inc. (9.20%), Polen Capital Management LLC (4.31%), Flossbach Von Storch AG (2.93%), Fisher Asset Management LLC (2.74%), Citadel Advisors LLC (0.00%) and Two Sigma Investments LP (1.63%). Insiders that own company stock include Cynthia Gaylor, Daniel D Springer, Enrique T Salem, Enrique T Salem, John M Hinshaw, Kirsten O Wolberg, Loren Alhadeff, Peter Solvik, Scott V Olrich and Tram T Phi.
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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 $42.08.

DocuSign (NASDAQ:DOCU) has a market capitalization of $8.45 billion and generates $2.11 billion in revenue each year. The company earns $-69,980,000.00 in net income (profit) each year or ($0.54) 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.