In recent trading session, DocuSign, Inc. (NASDAQ:DOCU) saw 1,180,228 shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $201.01 trading at $7.39 or 3.82% at last check today assigns it a market valuation of $39Billion. That most recent trading price of DOCU’s stock is at a discount of -44.39% from its 52-week high price of $290.23 and is indicating a premium of 57.3% from its 52-week low price of $85.84. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.15 Million shares which gives us an average trading volume of 3.34 Million if we extend that period to 3-months.
For DocuSign, Inc. (DOCU), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.6. Splitting up the data highlights that, out of 19 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 15 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.28 in the current quarter.
DocuSign, Inc. (NASDAQ:DOCU) trade information
Upright in the green today for gaining 3.82%, in the last five days DOCU remained trading in the green while hitting it’s week-highest on Monday, May 03 when the stock touched $224.03 price level, adding 10.23% to its value on the day. DocuSign, Inc.’s shares saw a change of -9.53% in year-to-date performance and have moved -9.79% in past 5-day. DocuSign, Inc. (NASDAQ:DOCU) showed a performance of -2.23% in past 30-days. Number of shares sold short was 5.1 Million shares which calculate 1.53 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $272.59 to the stock, which implies a rise of 35.61% to its recent value today. Analysts have been projecting $210 as a low price target for the stock while placing it at a high target of $300. It follows that stock’s price at last check today has to jump +49.25% in reaching the projected high whereas dropping to the targeted low would mean a loss of 4.47% for stock’s latest value.
DocuSign, Inc. (DOCU) estimates and forecasts
Statistics highlight that DocuSign, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lessened -7.11% of value to its shares in past 6 months, showing an annual growth rate of 46.67% while that of industry is 10.7. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 133.3% in the current quarter and calculating 64.7% increase in the next quarter. This year revenue growth is estimated to rise 35.8% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $436.13 Million for the same. And 14 analysts are in estimates of company making revenue of $470.26 Million in the next quarter that will end on July 01, 2021.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -7.5% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -11.1% while estimates for its earnings growth in next 5 years are of 38.6%
DocuSign, Inc. (NASDAQ:DOCU)’s Major holders
Insiders are in possession of 1.66% of company’s total shares while institution are holding 73.07% percent of that, with stock having share float percentage of 74.3%. Investors also watch the number of corporate investors in a company very closely, which is 1290 institutions for DocuSign, Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at DOCU for having 16.28 Million shares of worth $3.62 Billion. And as of December 30, 2020, it was holding 8.37% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 11.96 Million shares on December 30, 2020. The number of shares represents firm’s hold over 6.15% of outstanding shares, having a total worth of $2.66 Billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 4960819 shares of worth $1.1 Billion or 2.55% of the total outstanding shares. The later fund manager was in possession of 3.97 Million shares on December 30, 2020, making its stake of worth around $883.63 Million in the company or a holder of 2.04% of company’s stock.