Docusign’s (DOCU) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Docusign (NASDAQ:DOCU) in a report released on Friday,Benzinga reports. The firm currently has a $124.00 target price on the stock.

A number of other research firms have also commented on DOCU. Citigroup increased their price objective on Docusign from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley decreased their price target on Docusign from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, June 6th. UBS Group raised their price target on Docusign from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday. Royal Bank Of Canada raised their price target on Docusign from $90.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price target on Docusign from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Docusign currently has a consensus rating of “Hold” and an average target price of $93.14.

Docusign Stock Performance

NASDAQ:DOCU opened at $79.86 on Friday. The stock has a fifty day moving average price of $75.53 and a two-hundred day moving average price of $79.30. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 60.05, a PEG ratio of 29.81 and a beta of 1.02. Docusign has a 1 year low of $54.31 and a 1 year high of $107.86.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Docusign had a return on equity of 14.01% and a net margin of 9.08%.The business had revenue of $800.64 million during the quarter, compared to analysts’ expectations of $780.35 million. During the same quarter last year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Docusign has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that Docusign will post 1.17 EPS for the current year.

Docusign announced that its Board of Directors has approved a stock repurchase plan on Thursday, June 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Blake Jeffrey Grayson sold 15,143 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $74.80, for a total transaction of $1,132,696.40. Following the sale, the chief financial officer directly owned 110,723 shares in the company, valued at approximately $8,282,080.40. This trade represents a 12.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Teresa Briggs sold 534 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $74.37, for a total value of $39,713.58. Following the sale, the director owned 8,805 shares in the company, valued at approximately $654,827.85. The trade was a 5.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,552 shares of company stock valued at $5,983,631. Corporate insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Docusign

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hemington Wealth Management increased its holdings in Docusign by 318.1% during the 1st quarter. Hemington Wealth Management now owns 347 shares of the company’s stock worth $28,000 after purchasing an additional 264 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Docusign during the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC increased its holdings in Docusign by 519.4% during the 1st quarter. Golden State Wealth Management LLC now owns 384 shares of the company’s stock worth $31,000 after purchasing an additional 322 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Docusign during the 1st quarter worth approximately $34,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in Docusign during the 4th quarter worth approximately $37,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Docusign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.