DocuSign Inc. (NASDAQ:DOCU) has a beta value of 0 and has seen 1,843,645 shares traded in the last trading session. The company, currently valued at $41.85 Billion, closed the last trade at $215.1 per share which meant it lost -$7.84 on the day or -3.52% during that session. The DOCU stock price is -34.93% off its 52-week high price of $290.23 and 60.09% above the 52-week low of $85.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.15 Million shares traded. The 3-month trading volume is 3.34 Million shares.
The consensus among analysts is that DocuSign Inc. (DOCU) is a Buy stock at the moment, with a recommendation rating of 1.6. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 19 have rated it as a Hold, with 15 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.28.
DocuSign Inc. (NASDAQ:DOCU) trade information
Despite being -3.52% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the DOCU stock price touched $236.11 or saw a rise of 8.9%. Year-to-date, DocuSign Inc. shares have moved -3.24%, while the 5-day performance has seen it change -8.22%. Over the past 30 days, the shares of DocuSign Inc. (NASDAQ:DOCU) have changed 4.27%. Short interest in the company has seen 5.1 Million shares shorted with days to cover at 1.53.
Wall Street analysts have a consensus price target for the stock at $272.59, which means that the shares’ value could jump 26.73% from current levels. The projected low price target is $210 while the price target rests at a high of $300. In that case, then, we find that the current price level is +39.47% off the targeted high while a plunge would see the stock lose -2.37% from current levels.
DocuSign Inc. (DOCU) estimates and forecasts
Figures show that DocuSign Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +0.68% over the past 6 months, with this year growth rate of 46.67%, compared to 8.6% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 133.3% and 64.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +35.8%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -7.5% over the past 5 years. Earnings growth for 2021 is a modest -11.1% while over the next 5 years, the company’s earnings are expected to increase by 38.6%.
DocuSign Inc. (NASDAQ:DOCU)’s Major holders
Insiders own 1.66% of the company shares, while shares held by institutions stand at 73.13% with a share float percentage of 74.37%. Investors are also buoyed by the number of investors in a company, with DocuSign Inc. having a total of 1282 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 16.28 Million shares worth more than $3.62 Billion. As of December 30, 2020, Vanguard Group Inc. (The) held 8.37% of shares outstanding.
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The other major institutional holder is Blackrock Inc., with the holding of over 11.96 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.66 Billion and represent 6.15% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 2.55% shares in the company for having 4960819 shares of worth $1.1 Billion while later fund manager owns 3.97 Million shares of worth $883.63 Million as of December 30, 2020, which makes it owner of about 2.04% of company’s outstanding stock.