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.

DocuSign Stock Performance

DOCU traded down $3.49 on Friday, hitting $66.26. 82,082 shares of the company traded hands, compared to its average volume of 2,891,445. The company has a 50 day moving average of $65.29 and a 200-day moving average of $85.50. 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 stock has a market capitalization of $13.25 billion, a PE ratio of -155.00 and a beta of 1.21. DocuSign has a 12-month low of $55.86 and a 12-month high of $314.70.

DocuSign (NASDAQ:DOCU - Get Rating) last released its earnings results on Thursday, June 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). DocuSign had a negative return on equity of 17.17% and a negative net margin of 4.00%. The business had revenue of $588.69 million for the quarter, compared to analyst estimates of $581.85 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business's revenue for the quarter was up 25.5% on a year-over-year basis. Sell-side analysts anticipate that DocuSign will post -0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. William Blair downgraded DocuSign from an "outperform" rating to a "market perform" rating in a research report on Friday, June 10th. 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 research report on Friday, June 10th. Wedbush downgraded DocuSign from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $80.00 to $60.00 in a research report on Tuesday, May 3rd. Bank of America downgraded DocuSign from a "buy" rating to a "neutral" rating and reduced their target price for the company from $120.00 to $72.00 in a research report on Friday, June 10th. Finally, Robert W. Baird set a $60.00 target price on DocuSign in a research report on Monday, June 20th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, DocuSign currently has an average rating of "Hold" and a consensus target price of $131.20.