NASDAQ:DOCUDocusign Stock Price, Forecast & News

Docusign's stock was trading at $75.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DOCU shares have increased by 173.0% and is now trading at $204.76.
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19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Docusign in the last year. There are currently 6 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Docusign is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020.
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Docusign Inc (NASDAQ:DOCU) issued its earnings results on Thursday, June, 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.10 by $0.02. The business had revenue of $297.02 million for the quarter, compared to the consensus estimate of $281.12 million. Docusign had a negative return on equity of 29.36% and a negative net margin of 19.91%. The firm's revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS.
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Docusign issued an update on its FY 2021 After-Hours earnings guidance on Thursday, June, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.313-1.317 billion, compared to the consensus revenue estimate of $1.26 billion.

19 analysts have issued 1-year price objectives for Docusign's shares. Their forecasts range from $52.00 to $240.00. On average, they anticipate Docusign's share price to reach $143.83 in the next twelve months. This suggests that the stock has a possible downside of 29.8%.
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News headlines about DOCU stock have trended very positive on Saturday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Docusign earned a coverage optimism score of 4.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.
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Docusign saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,700,000 shares, a drop of 19.1% from the July 15th total of 10,760,000 shares. Based on an average daily trading volume, of 5,000,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 5.2% of the company's shares are short sold.
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Some companies that are related to Docusign include Shopify (SHOP), ServiceNow (NOW), Intuit (INTU), Square (SQ), Activision Blizzard (ATVI), VMware (VMW), Uber Technologies (UBER), Autodesk (ADSK), Dassault Systemes (DASTY), Electronic Arts (EA), Veeva Systems (VEEV), Twilio (TWLO), Splunk (SPLK), Cadence Design Systems (CDNS) and Synopsys (SNPS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Docusign investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Square (SQ), salesforce.com (CRM), Micron Technology (MU), Walt Disney (DIS), Netflix (NFLX), Trade Desk (TTD) and Paypal (PYPL).

(DOCU) raised $542 million in an initial public offering (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 institutional and retail investors. Top institutional investors include Mint Tower Capital Management B.V. (3.27%), First Trust Advisors LP (1.45%), Sumitomo Mitsui Trust Holdings Inc. (0.52%), Victory Capital Management Inc. (0.50%), Swiss National Bank (0.37%) and Raymond James & Associates (0.21%). Company insiders that own Docusign stock include Enrique T Salem, John M Hinshaw, Keith J Krach, Kirsten O Wolberg, Loren Alhadeff, Mary G Meeker, Peter Solvik, Reginald D Davis, Scott V Olrich and William Neil Hudspith.
View institutional ownership trends for Docusign.

DOCU stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Russell Investments Group Ltd., Columbus Circle Investors, Scout Investments Inc., Edge Wealth Management LLC, Raymond James & Associates, Cookson Peirce & Co. Inc., and Hamilton Lane Advisors LLC. Company insiders that have sold Docusign company stock in the last year include Enrique T Salem, John M Hinshaw, Kirsten O Wolberg, Loren Alhadeff, Peter Solvik, and Scott V Olrich.
View insider buying and selling activity for Docusign.

DOCU stock was purchased by a variety of institutional investors in the last quarter, including Mint Tower Capital Management B.V., Swiss National Bank, Robeco Institutional Asset Management B.V., ProShare Advisors LLC, Obermeyer Wood Investment Counsel Lllp, New York State Common Retirement Fund, Nissay Asset Management Corp Japan ADV, and Gemmer Asset Management LLC.
View insider buying and selling activity for Docusign.

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

One share of DOCU stock can currently be purchased for approximately $204.76.

Docusign has a market capitalization of $37.58 billion and generates $973.97 million in revenue each year. The company earns $-208,360,000.00 in net income (profit) each year or ($0.94) on an earnings per share basis. Docusign employs 3,909 workers across the globe.

The official website for Docusign is www.docusign.com.

Docusign's mailing address is 221 Main St. Suite 1550, San Francisco CA, 94105. The company can be reached via phone at 415-489-4940 or via email at [email protected]