DocuSign Inc. (NASDAQ:DOCU) has a beta value of 0.83 and has seen 1.51 million shares traded in the recent trading session. The company, currently valued at $28.21B, closed the recent trade at $142.11 per share which meant it gained $5.88 on the day or 4.32% during that session. The DOCU stock price is -121.49% off its 52-week high price of $314.76 and 10.7% above the 52-week low of $126.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.57 million shares traded. The 3-month trading volume is 5.22 million shares.
The consensus among analysts is that DocuSign Inc. (DOCU) is an Overweight stock at the moment, with a recommendation rating of 2.20. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 9 out of 22 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.47.
DocuSign Inc. (NASDAQ:DOCU) trade information
Sporting 4.32% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/10/22 when the DOCU stock price touched $142.11 or saw a rise of 7.41%. Year-to-date, DocuSign Inc. shares have moved -10.56%, while the 5-day performance has seen it change -13.23%. Over the past 30 days, the shares of DocuSign Inc. (NASDAQ:DOCU) have changed -8.80%. Short interest in the company has seen 9.0 million shares shorted with days to cover at 0.95.
Wall Street analysts have a consensus price target for the stock at $197.94, which means that the shares’ value could jump 28.21% from the levels at last check today. The projected low price target is $158.00 while the price target rests at a high of $307.00. In that case, then, we find that the latest price level in today’s session is -116.03% off the targeted high while a plunge would see the stock gain -11.18% from the levels at last check today.
DocuSign Inc. (DOCU) estimates and forecasts
Figures show that DocuSign Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -51.98% over the past 6 months, with this year growth rate of 118.89%, compared to 11.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 27.00% and 9.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 43.70%.
16 analysts offering their estimates for the company have set an average revenue estimate of $561.47 million for the current quarter. 16 have an estimated revenue figure of $594.42 million for the next quarter concluding in Apr 2022.
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 -7.50% over the past 5 years. Earnings growth for 2022 is a modest -11.10% while over the next 5 years, the company’s earnings are expected to increase by 45.30%.
DocuSign Inc. is expected to release its next earnings report between March 09 and March 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
DocuSign Inc. (NASDAQ:DOCU)’s Major holders
Insiders own 2.22% of the company shares, while shares held by institutions stand at 78.39% with a share float percentage of 80.18%. Investors are also buoyed by the number of investors in a company, with DocuSign Inc. having a total of 1,372 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 14.15 million shares worth more than $3.64 billion. As of Sep 29, 2021, Vanguard Group, Inc. (The) held 7.15% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 11.7 million shares as of Sep 29, 2021. The firm’s total holdings are worth over $3.01 billion and represent 5.91% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF. As of Sep 29, 2021, the former fund manager holds about 2.64% shares in the company for having 5.23 million shares of worth $1.35 billion while later fund manager owns 2.61 million shares of worth $725.04 million as of Oct 30, 2021, which makes it owner of about 1.32% of company’s outstanding stock.