NN Investment Partners Holdings N.V. boosted its stake in DocuSign, Inc. (NASDAQ:DOCU) by 6.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 35,020 shares of the company’s stock after acquiring an additional 2,250 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in DocuSign were worth $9,016,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. acquired a new position in DocuSign during the third quarter worth about $716,000. Roman Butler Fullerton & Co. raised its stake in shares of DocuSign by 40.3% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 1,048 shares of the company’s stock valued at $283,000 after acquiring an additional 301 shares during the period. Lyell Wealth Management LP boosted its position in shares of DocuSign by 1.4% during the third quarter. Lyell Wealth Management LP now owns 42,703 shares of the company’s stock worth $10,993,000 after buying an additional 594 shares during the period. Gulf International Bank UK Ltd grew its position in DocuSign by 11.5% in the 3rd quarter. Gulf International Bank UK Ltd now owns 39,423 shares of the company’s stock valued at $10,148,000 after acquiring an additional 4,055 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of DocuSign by 11.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 39,899 shares of the company’s stock valued at $10,271,000 after purchasing an additional 3,955 shares during the period. 76.08% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on DOCU. Morgan Stanley cut DocuSign from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $350.00 to $165.00 in a research report on Thursday, December 16th. JMP Securities lowered their price target on shares of DocuSign from $320.00 to $307.00 and set an “outperform” rating on the stock in a research report on Friday, December 3rd. UBS Group downgraded shares of DocuSign from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $350.00 to $170.00 in a research note on Friday, December 3rd. Wedbush downgraded shares of DocuSign from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $340.00 to $200.00 in a report on Friday, December 3rd. Finally, Royal Bank of Canada reduced their target price on DocuSign from $345.00 to $220.00 and set an “outperform” rating for the company in a report on Friday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $249.72.
NASDAQ:DOCU opened at $130.44 on Friday. DocuSign, Inc. has a 12 month low of $126.91 and a 12 month high of $314.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.00. The firm’s 50 day moving average is $190.69 and its 200 day moving average is $251.05. The stock has a market capitalization of $25.81 billion, a PE ratio of -224.90, a price-to-earnings-growth ratio of 38.07 and a beta of 0.82.
DocuSign (NASDAQ:DOCU) last posted its earnings results on Thursday, December 2nd. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.12. DocuSign had a negative net margin of 5.72% and a negative return on equity of 9.12%. The business had revenue of $545.46 million for the quarter, compared to analyst estimates of $531.25 million. During the same quarter in the prior year, the firm posted ($0.21) EPS. DocuSign’s revenue was up 42.4% on a year-over-year basis. Research analysts predict that DocuSign, Inc. will post 0.07 earnings per share for the current year.
DocuSign Company Profile
DocuSign, Inc provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.
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