Citizens Jmp Reaffirms “Market Outperform” Rating for Docusign (NASDAQ:DOCU)

Docusign (NASDAQ:DOCU)‘s stock had its “market outperform” rating restated by equities research analysts at Citizens Jmp in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $86.00 target price on the stock. Citizens Jmp’s price target indicates a potential upside of 28.41% from the stock’s current price.

Other analysts have also issued research reports about the company. BTIG Research increased their price objective on Docusign from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company set a $60.00 target price on shares of Docusign in a research note on Friday. Bank of America restated an “underperform” rating on shares of Docusign in a report on Friday, August 28th. Morgan Stanley reaffirmed an “equal weight” rating and set a $75.00 price target on shares of Docusign in a research note on Friday. Finally, Evercore set a $65.00 price target on shares of Docusign in a report on Friday. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.67.

Docusign Trading Up 1.5%

Shares of DOCU opened at $66.97 on Friday. The company has a 50-day moving average of $55.24 and a two-hundred day moving average of $49.74. The stock has a market cap of $12.79 billion, a P/E ratio of 44.58, a PEG ratio of 2.32 and a beta of 0.90. Docusign has a 12-month low of $40.16 and a 12-month high of $86.65.

Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.07. Docusign had a return on equity of 17.48% and a net margin of 9.59%.The company had revenue of $875.75 million during the quarter, compared to the consensus estimate of $867.22 million. During the same quarter last year, the business posted $0.30 earnings per share. Docusign’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Docusign will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CRO Paula Hansen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total transaction of $273,240.00. Following the sale, the executive directly owned 89,972 shares in the company, valued at approximately $4,097,324.88. This trade represents a 6.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Blake Grayson sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $60.00, for a total value of $900,000.00. Following the transaction, the chief financial officer directly owned 126,429 shares in the company, valued at $7,585,740. This trade represents a 10.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 90,602 shares of company stock worth $4,323,749 over the last 90 days. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DOCU. Modus Advisors LLC purchased a new position in shares of Docusign in the fourth quarter valued at $27,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Docusign by 309.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock worth $38,000 after buying an additional 424 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Docusign in the 4th quarter valued at about $39,000. Harbour Investments Inc. grew its stake in shares of Docusign by 56.6% during the fourth quarter. Harbour Investments Inc. now owns 797 shares of the company’s stock valued at $55,000 after acquiring an additional 288 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Docusign by 116.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 854 shares of the company’s stock valued at $58,000 after acquiring an additional 460 shares in the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Quarterly results beat expectations: Fiscal Q2 revenue rose 9.4% year over year to $875.7 million, exceeding the $867.2 million consensus estimate. Adjusted EPS of $1.16 also topped expectations of approximately $1.08–$1.09, compared with $0.92 a year earlier. Docusign Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Raised full-year outlook: Docusign increased fiscal 2027 guidance for revenue, annual recurring revenue (ARR), and IAM’s share of total ARR. Full-year revenue guidance of approximately $3.5 billion was broadly in line with consensus, while third-quarter revenue guidance of $886 million–$890 million was near analysts’ $888.2 million estimate. Docusign Raises Full-Year Forecast on AI Momentum
• Positive Sentiment: AI growth narrative is gaining traction: Management cited accelerating IAM adoption and AI-related demand as drivers of the improved outlook. Docusign also plans to make its Model Context Protocol server available to every AI agent on September 30, positioning its agreement technology as an infrastructure layer for enterprise AI workflows. Docusign Agreement Layer for the Agentic Enterprise Coming to Every Agent
• Positive Sentiment: Analyst price-target support: BTIG raised its Docusign price target to $75, while Morgan Stanley also boosted its target, adding to the bullish reaction following the earnings report. BTIG Boosts Docusign Price Target
• Neutral Sentiment: Mixed technical and analyst signals: DOCU has formed a bullish “golden cross” and trades well above its 200-day moving average, but Needham reaffirmed a “hold” rating, indicating that some analysts believe the recent rally may already reflect much of the improved outlook.

Docusign Company Profile

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.