UBS Oconnor LLC cut its holdings in Docusign Inc (NASDAQ:DOCU) by 11.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after selling 2,500 shares during the period. UBS Oconnor LLC’s holdings in Docusign were worth $994,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of Docusign in the 2nd quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Docusign by 261.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 769 shares of the company’s stock valued at $38,000 after purchasing an additional 556 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Docusign by 226.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 874 shares of the company’s stock valued at $45,000 after purchasing an additional 606 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Docusign in the 2nd quarter valued at about $47,000. Finally, Regal Wealth Group Inc. purchased a new position in Docusign in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 68.79% of the company’s stock.
A number of research firms have issued reports on DOCU. FBN Securities set a $65.00 target price on shares of Docusign and gave the company a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. upped their target price on shares of Docusign from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Morgan Stanley upped their target price on shares of Docusign from $61.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Royal Bank of Canada began coverage on shares of Docusign in a report on Friday, September 6th. They issued an “outperform” rating and a $75.00 target price on the stock. Finally, Citigroup upped their target price on shares of Docusign from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. Docusign currently has an average rating of “Buy” and an average price target of $65.07.
Shares of DOCU stock traded up $0.96 during trading hours on Friday, hitting $64.32. 1,430,652 shares of the company were exchanged, compared to its average volume of 4,336,398. The firm has a market cap of $11.15 billion, a PE ratio of -22.18 and a beta of 1.37. Docusign Inc has a 1 year low of $35.06 and a 1 year high of $64.18. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $49.70 and a 200 day moving average of $52.63.
Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.24. The business had revenue of $235.61 million for the quarter, compared to analyst estimates of $220.81 million. Docusign had a negative net margin of 28.20% and a negative return on equity of 26.70%. The company’s revenue was up 41.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. Analysts expect that Docusign Inc will post -1.04 earnings per share for the current year.
Docusign Company Profile
DocuSign, Inc provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise businesses, commercial businesses, and small businesses, such as professionals, sole proprietorships and individuals.
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