Brokerages predict that Docusign Inc (NASDAQ:DOCU) will announce sales of $193.82 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Docusign’s earnings, with the lowest sales estimate coming in at $192.40 million and the highest estimate coming in at $197.83 million. The company is expected to announce its next quarterly earnings report on Thursday, March 7th.
On average, analysts expect that Docusign will report full-year sales of $695.04 million for the current fiscal year, with estimates ranging from $693.70 million to $699.06 million. For the next fiscal year, analysts anticipate that the business will report sales of $865.53 million, with estimates ranging from $845.10 million to $901.25 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Docusign.
Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, December 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.07). The firm had revenue of $178.39 million during the quarter, compared to analyst estimates of $173.55 million. Docusign’s revenue was up 36.6% on a year-over-year basis.
Several equities analysts have recently issued reports on DOCU shares. Morgan Stanley lifted their price objective on Docusign from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Friday, December 7th. Deutsche Bank decreased their price objective on Docusign to $50.00 and set a “hold” rating for the company in a research note on Friday, December 7th. Zacks Investment Research upgraded Docusign from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Goldman Sachs Group started coverage on Docusign in a research note on Thursday, December 13th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Wedbush started coverage on Docusign in a research note on Thursday, October 18th. They issued a “neutral” rating and a $45.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $58.36.
Shares of DOCU traded down $1.93 during midday trading on Friday, hitting $43.06. The company had a trading volume of 3,720,800 shares, compared to its average volume of 2,598,873. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.53. Docusign has a 1 year low of $35.06 and a 1 year high of $68.35.
In other news, Director Mary G. Meeker sold 9,646 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $42.98, for a total transaction of $414,585.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Neil Hudspith sold 37,500 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $40.75, for a total value of $1,528,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 358,666 shares of company stock worth $15,106,071 in the last three months.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Advisors Inc. acquired a new stake in shares of Docusign during the 4th quarter worth about $61,000. Opera Trading Capital acquired a new stake in shares of Docusign during the 3rd quarter worth about $101,000. Valeo Financial Advisors LLC raised its position in shares of Docusign by 914.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,790 shares of the company’s stock worth $117,000 after acquiring an additional 2,515 shares in the last quarter. BKS Advisors LLC acquired a new position in Docusign during the third quarter worth approximately $236,000. Finally, California Public Employees Retirement System acquired a new position in Docusign during the second quarter worth approximately $263,000. 37.06% of the stock is currently owned by institutional investors and hedge funds.
DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.
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