Van Hulzen Asset Management LLC boosted its position in shares of DocuSign, Inc. (NASDAQ:DOCU – Get Rating) by 60.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,802 shares of the company’s stock after buying an additional 3,711 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in DocuSign were worth $1,493,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in DOCU. Winch Advisory Services LLC bought a new position in DocuSign during the third quarter valued at about $26,000. Wagner Wealth Management LLC acquired a new position in shares of DocuSign in the 3rd quarter valued at $27,000. Parkside Financial Bank & Trust boosted its position in shares of DocuSign by 183.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 119 shares of the company’s stock valued at $31,000 after purchasing an additional 77 shares during the period. Versant Capital Management Inc boosted its position in shares of DocuSign by 21,900.0% in the 4th quarter. Versant Capital Management Inc now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 219 shares during the period. Finally, Liberty Wealth Management LLC boosted its position in shares of DocuSign by 257.9% in the 3rd quarter. Liberty Wealth Management LLC now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 98 shares during the period. 77.09% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on DOCU. Wolfe Research decreased their price target on DocuSign from $100.00 to $75.00 and set a “peer perform” rating for the company in a research report on Friday, March 11th. Oppenheimer lowered DocuSign from an “outperform” rating to a “market perform” rating in a research report on Friday, March 11th. Morgan Stanley decreased their price target on DocuSign from $121.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, March 14th. Citigroup decreased their price objective on DocuSign from $137.00 to $114.00 and set a “buy” rating for the company in a research report on Friday, March 11th. Finally, UBS Group decreased their price objective on DocuSign from $170.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, March 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, DocuSign presently has a consensus rating of “Hold” and a consensus price target of $175.29.
DOCU stock traded up $5.99 during trading on Tuesday, hitting $102.31. The company had a trading volume of 66,812 shares, compared to its average volume of 5,555,234. The company has a fifty day moving average price of $104.39 and a two-hundred day moving average price of $164.94. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.61. The company has a market cap of $20.24 billion, a P/E ratio of -278.06 and a beta of 0.90. DocuSign, Inc. has a fifty-two week low of $71.00 and a fifty-two week high of $314.76.
DocuSign (NASDAQ:DOCU – Get Rating) last announced its quarterly earnings results on Thursday, March 10th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.10). DocuSign had a negative net margin of 3.32% and a negative return on equity of 12.39%. The company had revenue of $580.83 million during the quarter, compared to analyst estimates of $561.60 million. During the same period in the prior year, the firm earned ($0.08) EPS. DocuSign’s quarterly revenue was up 34.8% compared to the same quarter last year. On average, analysts expect that DocuSign, Inc. will post -0.21 earnings per share for the current year.
DocuSign Profile (Get Rating)
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.
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