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DocuSign (NASDAQ:DOCU) Gets Market Perform Rating from JMP Securities

DocuSign (NASDAQ:DOCU) Gets Market Perform Rating from JMP Securities


JMP Securities reiterates market outperform rating for stocks Document Signature (NASDAQ:DOCUMENTSFree Report) In a research report published on Wednesday, Benzinga The company currently has a price target of $84.00 on the stock.

Several other brokerages have also issued reports on DOCU. Bank of America lowered their price target on shares of DocuSign from $72.00 to $60.00 and set a neutral rating on the stock in a research note on Friday, June 7. Royal Bank of Canada lowered their price target on shares of DocuSign from $59.00 to $52.00 and set a sector perform rating on the stock in a research note on Friday, June 7. Piper Sandler lowered their price target on shares of DocuSign from $65.00 to $60.00 and set a neutral rating on the stock in a research note on Friday, June 7. Morgan Stanley lowered their price target on shares of DocuSign from $65.00 to $62.00 and set an equal weight rating on the stock in a research note on Friday, June 7. Finally, Citigroup lowered their price target on shares of DocuSign from $93.00 to $86.00 and set a buy rating on the stock in a research note on Wednesday, June 5. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock currently has an average Hold rating and a consensus target price of $59.36, according to data from MarketBeat.

Check Out Our Latest Stock Analysis on DocuSign

DocuSign Stock Up 3.6%

DOCUMENT It opened at $53.79 on Wednesday. DocuSign has a twelve-month low of $38.11 and a twelve-month high of $64.76. The company’s fifty-day moving average is $55.18 and its 200-day moving average is $56.43. The stock has a market cap of $11.01 billion, a P/E ratio of 103.44, a price-to-earnings-growth ratio of 4.47 and a beta of 0.94.

Document Signature (NASDAQ:DOCUMENTSGet a Free Report) released its latest earnings results on Thursday, June 6. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.09. The business had revenue of $709.64 million for the quarter, compared to analyst estimates of $706.07 million. DocuSign had a net margin of 3.81% and a return on equity of 15.44%. Sell-side analysts are forecasting DocuSign to report 0.88 EPS for the current fiscal year.

Insider Event at DocuSign

In related news, CEO Allan C. Thygesen On Wednesday, he sold 8,086 shares of the company’s stock in a transaction that recorded on May 1. The shares were sold at an average price of $56.16, for a total transaction of $454,109.76. Following the completion of the transaction, the CEO now owns 99,546 shares of the company’s stock, valued at $5,590,503.36. The sale was disclosed in a filing with the SEC, which is available at: this hypertext. In other DocuSign news, CEO Allan C. Thygesen sold 8,086 shares of DocuSign stock in a transaction that recorded on Wednesday, May 1. The shares were sold at an average price of $56.16, for a total transaction of $454,109.76. Following the completion of the sale, the CEO now directly owns 99,546 shares in the company, valued at $5,590,503.36. The sale was disclosed in a document filed with the SEC and available at SEC websiteAlso, an insider James P. Shaughnessy He sold 1,800 shares of DocuSign stock in a transaction that occurred on Tuesday, June 11. The shares were sold at an average price of $50.98, for a total transaction of $91,764.00. Following the sale, the insider now owns 35,703 shares of the company’s stock, valued at $1,820,138.94. A disclosure regarding this sale can be found at: HereIn the last 90 days, company insiders sold 117,518 shares of company stock worth $6,149,670. Company insiders own 1.66% of the company’s stock.

Institutional Investors Discuss DocuSign

A number of hedge funds recently made changes to their positions in DOCU. Massmutual Trust Co. FSB ADV increased its stake in shares of DocuSign by 5,000.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company worth $27,000 after purchasing an additional 500 shares in the last quarter. Capital Analysts LLC increased its stake in shares of DocuSign by 781.7% in the 4th quarter. Capital Analysts LLC now owns 529 shares of the company worth $31,000 after purchasing an additional 469 shares in the last quarter. Mather Group LLC increased its stake in shares of DocuSign by 4,338.5% in the 2nd quarter. Mather Group LLC now owns 577 shares of the company worth $31,000 after purchasing an additional 564 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in DocuSign stock during the 4th quarter worth approximately $32,000. Finally, Register Financial Advisors LLC purchased a new stake in DocuSign stock during the 1st quarter worth approximately $37,000. 77.64% of the stock is now owned by institutional investors.

DocuSign Company Profile

(Get a Free Report)

DocuSign, Inc. provides an electronic signature solution in the United States and internationally. The company offers an e-signature solution that enables contracts to be sent and signed across devices; Contract Lifecycle Management (CLM), which automates workflows throughout the entire contracting process; Document Generation, which streamlines the process of creating new, custom contracts; and Gen for Salesforce, which enables sales reps to automatically create contracts within Salesforce with just a few clicks.

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