DocuSign Inc. [DOCU] Stock trading around $233.82 per share: What’s Next?


DocuSign Inc. [NASDAQ: DOCU] jumped around 3.03 points on Thursday, while shares priced at $233.82 at the close of the session, up 1.31%. The company report on December 2, 2021 that DocuSign Announces Third Quarter Fiscal 2022 Financial Results.

DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature solution as part of the DocuSign Agreement Cloud, announced results for its fiscal quarter ended October 31, 2021.

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“Third quarter revenue growth of 42% year-over-year and operating margin of 22% exceeded our expectations. After six quarters of accelerated growth, we saw customers return to more normalized buying patterns, resulting in 28% year-over-year billings growth,” said Dan Springer, CEO of DocuSign. “With a $50 billion TAM and 1.11 million customers worldwide, we are confident in the value DocuSign delivers in an increasingly digital anywhere economy.”.

DocuSign Inc. stock is now 5.18% up from its year-to-date (YTD) trading value. DOCU Stock saw the intraday high of $235.99 and lowest of $227.47 per share. The company’s 52-week high price is 314.76, which means current price is +30.27% above from all time high which was touched on 08/10/21.

Compared to the average trading volume of 2.21M shares, DOCU reached a trading volume of 5721874 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about DocuSign Inc. [DOCU]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOCU shares is $324.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOCU stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for DocuSign Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 03, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $280 to $345. The new note on the price target was released on September 03, 2021, representing the official price target for DocuSign Inc. stock. Previously, the target price had yet another raise from $260 to $310, while Oppenheimer kept a Outperform rating on DOCU stock. On September 03, 2021, analysts increased their price target for DOCU shares from 275 to 340.

The Average True Range (ATR) for DocuSign Inc. is set at 10.33, with the Price to Sales ratio for DOCU stock in the period of the last 12 months amounting to 25.71. The Price to Book ratio for the last quarter was 216.50, with the Price to Cash per share for the same quarter was set at 4.17. Price to Free Cash Flow for DOCU in the course of the last twelve months was 125.84 with Quick ratio for the last quarter at 1.00.

How has DOCU stock performed recently?

DocuSign Inc. [DOCU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.96. With this latest performance, DOCU shares dropped by -17.04% in over the last four-week period, additionally plugging by 0.25% over the last 6 months – not to mention a rise of 7.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DOCU stock in for the last two-week period is set at 33.03, with the RSI for the last a single of trading hit 29.55, and the three-weeks RSI is set at 35.96 for DocuSign Inc. [DOCU]. The present Moving Average for the last 50 days of trading for this stock 263.73, while it was recorded at 242.42 for the last single week of trading, and 252.01 for the last 200 days.

DocuSign Inc. [DOCU]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DocuSign Inc. [DOCU] shares currently have an operating margin of -11.42 and a Gross Margin at +73.94. DocuSign Inc.’s Net Margin is presently recorded at -16.74.

Return on Total Capital for DOCU is now -13.62, given the latest momentum, and Return on Invested Capital for the company is -20.60. Return on Equity for this stock declined to -55.79, with Return on Assets sitting at -11.51. When it comes to the capital structure of this company, DocuSign Inc. [DOCU] has a Total Debt to Total Equity ratio set at 281.13. Additionally, DOCU Total Debt to Total Capital is recorded at 73.76, with Total Debt to Total Assets ending up at 39.19. Long-Term Debt to Equity for the company is recorded at 264.73, with the Long-Term Debt to Total Capital now at 69.46.

Reflecting on the efficiency of the workforce at the company, DocuSign Inc. [DOCU] managed to generate an average of -$43,209 per employee. Receivables Turnover for the company is 4.92 with a Total Asset Turnover recorded at a value of 0.69.DocuSign Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings analysis for DocuSign Inc. [DOCU]

With the latest financial reports released by the company, DocuSign Inc. posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 69.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DOCU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DocuSign Inc. go to 46.80%.

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Insider trade positions for DocuSign Inc. [DOCU]

There are presently around $36,094 million, or 78.00% of DOCU stock, in the hands of institutional investors. The top three institutional holders of DOCU stocks are: VANGUARD GROUP INC with ownership of 14,147,268, which is approximately -16.544% of the company’s market cap and around 1.10% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 11,695,120 shares of the stock with an approximate value of $2.73 billion in DOCU stocks shares; and BLACKROCK INC., currently with $2.64 billion in DOCU stock with ownership of nearly 0.303% of the company’s market capitalization.

Positions in DocuSign Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 560 institutional holders increased their position in DocuSign Inc. [NASDAQ:DOCU] by around 12,754,514 shares. Additionally, 419 investors decreased positions by around 8,908,898 shares, while 153 investors held positions by with 132,702,112 shares. The mentioned changes placed institutional holdings at 154,365,524 shares, according to the latest SEC report filing. DOCU stock had 127 new institutional investments in for a total of 1,504,611 shares, while 99 institutional investors sold positions of 913,663 shares during the same period.