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.

Analyst Ratings Changes

Several equities research analysts recently commented on DOCU shares. JMP Securities dropped their price objective on shares of DocuSign from $180.00 to $151.00 and set a "market outperform" rating on the stock in a research note on Friday, June 10th. Wells Fargo & Company dropped their price objective on shares of DocuSign from $80.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Friday, June 10th. UBS Group dropped their price objective on shares of DocuSign from $85.00 to $70.00 and set a "neutral" rating on the stock 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. Finally, Morgan Stanley dropped their price objective on shares of DocuSign from $80.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Friday, June 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $131.20.

DocuSign Stock Up 2.0 %

DOCU opened at $75.85 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average price of $66.50 and a 200-day moving average price of $86.39. DocuSign has a twelve month low of $55.86 and a twelve month high of $314.70. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of -168.55 and a beta of 1.21.

DocuSign (NASDAQ:DOCU - Get Rating) last released its quarterly earnings data on Thursday, June 9th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $588.69 million for the quarter, compared to analysts' expectations of $581.85 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. The firm's revenue for the quarter was up 25.5% on a year-over-year basis. Equities research analysts forecast that DocuSign will post -0.48 earnings per share for the current year.