Jefferies Financial Group Boosts DocuSign (NASDAQ:DOCU) Price Target to $95.00

DocuSign (NASDAQ:DOCU) had its price target raised by Jefferies Financial Group from $80.00 to $95.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the stock. Royal Bank of Canada boosted their target price on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a report on Friday, September 6th. Bank of America boosted their target price on shares of DocuSign from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Citigroup boosted their target price on shares of DocuSign from $86.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JMP Securities boosted their target price on shares of DocuSign from $84.00 to $108.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of DocuSign in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.73.

DocuSign Stock Performance

Shares of NASDAQ DOCU opened at $83.68 on Tuesday. The company has a market cap of $16.98 billion, a P/E ratio of 17.65, a P/E/G ratio of 8.33 and a beta of 0.92. The firm’s fifty day moving average is $73.75 and its two-hundred day moving average is $61.68. DocuSign has a 52-week low of $44.34 and a 52-week high of $86.75.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. The company had revenue of $736.03 million for the quarter, compared to the consensus estimate of $727.20 million. DocuSign had a net margin of 34.56% and a return on equity of 16.18%. DocuSign’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. As a group, analysts forecast that DocuSign will post 1.03 EPS for the current fiscal year.

Insider Buying and Selling

In other DocuSign news, CEO Allan C. Thygesen sold 7,763 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $80.54, for a total value of $625,232.02. Following the completion of the sale, the chief executive officer now directly owns 100,062 shares of the company’s stock, valued at $8,058,993.48. The trade was a 7.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Blake Jeffrey Grayson sold 9,552 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $68.80, for a total transaction of $657,177.60. Following the completion of the sale, the chief financial officer now directly owns 78,265 shares of the company’s stock, valued at approximately $5,384,632. This trade represents a 10.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,596 shares of company stock valued at $4,441,529. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On DocuSign

Large investors have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. raised its holdings in shares of DocuSign by 2.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,946 shares of the company’s stock valued at $493,000 after purchasing an additional 155 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of DocuSign by 0.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 17,516 shares of the company’s stock worth $1,088,000 after acquiring an additional 157 shares in the last quarter. Optimist Retirement Group LLC raised its stake in shares of DocuSign by 3.8% during the 3rd quarter. Optimist Retirement Group LLC now owns 4,416 shares of the company’s stock worth $274,000 after acquiring an additional 161 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of DocuSign by 6.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,019 shares of the company’s stock worth $187,000 after acquiring an additional 172 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in shares of DocuSign by 0.8% during the 2nd quarter. Dakota Wealth Management now owns 23,022 shares of the company’s stock worth $1,232,000 after acquiring an additional 181 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

DocuSign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.