Jefferies slashes price target on DocuSign Inc. [DOCU] – find out why.

DocuSign Inc. [NASDAQ: DOCU] loss -3.72% on the last trading session, reaching $57.50 price per share at the time. The company report on December 20, 2022 that DocuSign To Participate in Upcoming Investor Events.

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DocuSign, Inc. (NASDAQ: DOCU), announced that Chief Financial Officer, Cynthia Gaylor, is scheduled to participate in the following investor events.

Evercore ISI ‘Off To A Running Start’ (Virtual) Bus TourWednesday, January 4, 2023 11:00 a.m. PST (2:00 p.m. EST).

DocuSign Inc. represents 201.39 million in outstanding shares, while the company has a total market value of $11.63 billion with the latest information. DOCU stock price has been found in the range of $56.78 to $61.27.

If compared to the average trading volume of 5.76M shares, DOCU reached a trading volume of 4981512 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $62.44 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 2.80. 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.

Jefferies have made an estimate for DocuSign Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 05, 2023. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $54 to $50. The new note on the price target was released on December 09, 2022, representing the official price target for DocuSign Inc. stock. Previously, the target price had yet another raise to $50, while Jefferies analysts kept a Hold rating on DOCU stock.

The Average True Range (ATR) for DocuSign Inc. is set at 3.02, with the Price to Sales ratio for DOCU stock in the period of the last 12 months amounting to 4.77. The Price to Book ratio for the last quarter was 24.68, with the Price to Cash per share for the same quarter was set at 4.82. Price to Free Cash Flow for DOCU in the course of the last twelve months was 30.11 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for DOCU stock

DocuSign Inc. [DOCU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.95. With this latest performance, DOCU shares gained by 2.11% in over the last four-week period, additionally sinking by -10.25% over the last 6 months – not to mention a drop of -55.92% 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 56.19, with the RSI for the last a single of trading hit 54.63, and the three-weeks RSI is set at 55.86 for DocuSign Inc. [DOCU]. The present Moving Average for the last 50 days of trading for this stock 50.93, while it was recorded at 58.77 for the last single week of trading, and 63.64 for the last 200 days.

DocuSign Inc. [DOCU]: A deeper dive into fundamental analysis

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.

DocuSign Inc. [DOCU]: An earnings per share (EPS) analysis

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 20.00%.

An analysis of insider ownership at DocuSign Inc. [DOCU]

There are presently around $8,897 million, or 78.60% of DOCU stock, in the hands of institutional investors. The top three institutional holders of DOCU stocks are: VANGUARD GROUP INC with ownership of 18,481,405, which is approximately 1.137% of the company’s market cap and around 1.00% of the total institutional ownership; BLACKROCK INC., holding 11,838,382 shares of the stock with an approximate value of $680.71 million in DOCU stocks shares; and POLEN CAPITAL MANAGEMENT LLC, currently with $497.21 million in DOCU stock with ownership of nearly 0.394% 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 330 institutional holders increased their position in DocuSign Inc. [NASDAQ:DOCU] by around 18,630,721 shares. Additionally, 399 investors decreased positions by around 16,460,086 shares, while 126 investors held positions by with 119,640,518 shares. The mentioned changes placed institutional holdings at 154,731,325 shares, according to the latest SEC report filing. DOCU stock had 81 new institutional investments in for a total of 4,377,176 shares, while 123 institutional investors sold positions of 3,403,332 shares during the same period.


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