DocuSign Inc. [DOCU] stock Downgrade by Wolfe Research analyst, price target now $50

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DocuSign Inc. [NASDAQ: DOCU] plunged by -$1.1 during the normal trading session on Wednesday and reaching a high of $63.3499 during the day while it closed the day at $61.70. The company report on June 21, 2022 that DocuSign Board of Directors Announces Leadership Changes for Next Phase of Growth.


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Seasoned executive and DocuSign Chairman Mary Agnes “Maggie” Wilderotter appointed interim CEO.

DocuSign (NASDAQ:DOCU) announced today that Dan Springer has agreed to step aside as Chief Executive Officer. Effective immediately, Chairman of the Board Mary Agnes “Maggie” Wilderotter is appointed interim CEO to help the senior executive team drive improved execution in all phases of the company’s business. The Board has retained a leading national executive search firm to assist with succession planning and the CEO search. Wilderotter will continue as Chairman of DocuSign’s Board of Directors. Pete Solvik has been appointed Lead Independent Director.

DocuSign Inc. stock has also loss -3.73% of its value over the past 7 days. However, DOCU stock has declined by -39.34% in the 3 months of the year. Over the past six months meanwhile, it has lost -54.71% and lost -59.49% year-on date.

The market cap for DOCU stock reached $12.52 billion, with 199.67 million shares outstanding and 196.88 million shares in the current float. Compared to the average trading volume of 5.44M shares, DOCU reached a trading volume of 3130063 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $89.97 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 2.30. 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.

Wolfe Research have made an estimate for DocuSign Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 13, 2022. The new note on the price target was released on June 10, 2022, representing the official price target for DocuSign Inc. stock. Previously, the target price had yet another drop from $100 to $75, while Evercore ISI kept a In-line rating on DOCU stock. On June 10, 2022, analysts decreased their price target for DOCU shares from 120 to 72.

The Average True Range (ATR) for DocuSign Inc. is set at 4.92, with the Price to Sales ratio for DOCU stock in the period of the last 12 months amounting to 5.62. The Price to Book ratio for the last quarter was 35.26, with the Price to Cash per share for the same quarter was set at 4.77. Price to Free Cash Flow for DOCU in the course of the last twelve months was 25.21 with Quick ratio for the last quarter at 1.00.

DOCU stock trade performance evaluation

DocuSign Inc. [DOCU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.73. With this latest performance, DOCU shares dropped by -6.42% in over the last four-week period, additionally sinking by -54.71% over the last 6 months – not to mention a drop of -78.25% 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 43.24, with the RSI for the last a single of trading hit 42.85, and the three-weeks RSI is set at 43.24 for DocuSign Inc. [DOCU]. The present Moving Average for the last 50 days of trading for this stock 72.06, while it was recorded at 64.30 for the last single week of trading, and 141.38 for the last 200 days.

DocuSign Inc. [DOCU]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DocuSign Inc. [DOCU] shares currently have an operating margin of -2.68 and a Gross Margin at +77.24. DocuSign Inc.’s Net Margin is presently recorded at -3.32.

Return on Equity for this stock declined to -23.28, with Return on Assets sitting at -2.87.

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 per share (EPS) analysis for DocuSign Inc. [DOCU] stock

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 32.65%.

DocuSign Inc. [DOCU]: Insider Ownership positions

There are presently around $9,650 million, or 79.80% of DOCU stock, in the hands of institutional investors. The top three institutional holders of DOCU stocks are: VANGUARD GROUP INC with ownership of 17,308,877, which is approximately 20.274% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 11,040,527 shares of the stock with an approximate value of $693.35 million in DOCU stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $619.13 million in DOCU stock with ownership of nearly -6.597% of the company’s market capitalization.

Positions in DocuSign Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 507 institutional holders increased their position in DocuSign Inc. [NASDAQ:DOCU] by around 36,228,753 shares. Additionally, 498 investors decreased positions by around 29,835,528 shares, while 113 investors held positions by with 87,590,438 shares. The mentioned changes placed institutional holdings at 153,654,719 shares, according to the latest SEC report filing. DOCU stock had 129 new institutional investments in for a total of 3,844,491 shares, while 202 institutional investors sold positions of 3,291,501 shares during the same period.

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