In recent trading session, DocuSign Inc. (NASDAQ:DOCU) saw 1.07 million shares changing hands at last check today with its beta currently measuring 0.83. Company’s recent per share price level of $128.71 trading at -$1.88 or -1.44% at last check today assigns it a market valuation of $27.04B. That most recent trading price of DOCU’s stock is at a discount of -144.55% from its 52-week high price of $314.76 and is indicating a premium of 1.4% from its 52-week low price of $126.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.06 million shares which gives us an average trading volume of 5.32 million if we extend that period to 3-months.
For DocuSign Inc. (DOCU), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 22 analysts covering the stock, 1 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 9 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.47 in the current quarter.
DocuSign Inc. (NASDAQ:DOCU) trade information
Upright in the red during last session for losing -1.44%, in the last five days DOCU remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $128.71 price level, adding 11.81% to its value on the day. DocuSign Inc.’s shares saw a change of -14.26% in year-to-date performance and have moved -8.74% in past 5-day. DocuSign Inc. (NASDAQ:DOCU) showed a performance of -9.60% in past 30-days. Number of shares sold short was 9.0 million shares which calculate 0.95 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $195.44 to the stock, which implies a rise of 34.14% to its recent value today. Analysts have been projecting $158.00 as a low price target for the stock while placing it at a high target of $307.00. It follows that stock’s current price would drop -138.52% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.76% for stock’s current 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 lost -53.70% of value to its shares in past 6 months, showing an annual growth rate of 118.89% while that of industry is 11.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 27.00% in the current quarter and calculating 9.10% increase in the next quarter. This year revenue growth is estimated to rise 43.70% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $561.47 million for the same. And 16 analysts are in estimates of company making revenue of $594.42 million in the next quarter that will end on Apr 2022.
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 -7.50% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -11.10% while estimates for its earnings growth in next 5 years are of 45.30%.
DocuSign Inc. is more likely to be releasing its next quarterly report between March 09 and March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
DocuSign Inc. (NASDAQ:DOCU)’s Major holders
Insiders are in possession of 2.22% of company’s total shares while institution are holding 78.39 percent of that, with stock having share float percentage of 80.18%. Investors also watch the number of corporate investors in a company very closely, which is 78.39% 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 14.15 million shares of worth $3.64 billion. And as of Sep 29, 2021, it was holding 7.15% of the company’s outstanding shares.
The second largest institutional holder is Price (T.Rowe) Associates Inc, which was holding about 11.7 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 5.91% of outstanding shares, having a total worth of $3.01 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 5.23 million shares of worth $1.35 billion or 2.64% of the total outstanding shares. The later fund manager was in possession of 2.61 million shares on Oct 30, 2021, making its stake of worth around $725.04 million in the company or a holder of 1.32% of company’s stock.