Docusign (NASDAQ:DOCU) Price Target Lowered to $99.00 at Citigroup

Docusign (NASDAQ:DOCU) had its price objective trimmed by Citigroup from $120.00 to $99.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on DOCU. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research note on Tuesday, March 10th. Citizens Jmp decreased their target price on shares of Docusign from $124.00 to $86.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on shares of Docusign from $90.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Docusign in a report on Wednesday, January 21st. Finally, Wedbush decreased their price objective on shares of Docusign from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Five investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $66.67.

Docusign Price Performance

Shares of NASDAQ DOCU opened at $48.90 on Wednesday. The stock has a market capitalization of $9.79 billion, a P/E ratio of 33.04, a PEG ratio of 2.07 and a beta of 1.03. Docusign has a one year low of $40.16 and a one year high of $94.67. The firm’s 50 day simple moving average is $50.69 and its two-hundred day simple moving average is $64.35.

Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. Docusign had a net margin of 9.60% and a return on equity of 16.70%. The firm had revenue of $836.86 million during the quarter, compared to analyst estimates of $828.23 million. During the same period in the previous year, the business posted $0.86 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Docusign will post 1.17 earnings per share for the current fiscal year.

Docusign declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 17th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to buy up to 21% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider James P. Shaughnessy sold 12,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.03, for a total value of $804,360.00. Following the completion of the sale, the insider owned 54,550 shares of the company’s stock, valued at $3,656,486.50. This trade represents a 18.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Allan C. Thygesen sold 26,250 shares of Docusign stock in a transaction on Friday, January 9th. The shares were sold at an average price of $69.60, for a total transaction of $1,827,000.00. Following the completion of the sale, the chief executive officer owned 142,261 shares in the company, valued at approximately $9,901,365.60. This trade represents a 15.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 51,477 shares of company stock worth $3,521,607. Insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Docusign

Several hedge funds and other institutional investors have recently modified their holdings of DOCU. NewEdge Advisors LLC boosted its position in Docusign by 36.4% during the 1st quarter. NewEdge Advisors LLC now owns 9,202 shares of the company’s stock valued at $749,000 after acquiring an additional 2,457 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Docusign by 4.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 30,626 shares of the company’s stock valued at $2,385,000 after purchasing an additional 1,176 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Docusign by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,029 shares of the company’s stock valued at $4,053,000 after purchasing an additional 3,737 shares during the period. SG Americas Securities LLC boosted its position in shares of Docusign by 153.4% during the second quarter. SG Americas Securities LLC now owns 16,344 shares of the company’s stock valued at $1,273,000 after purchasing an additional 9,893 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Docusign by 7.3% during the second quarter. Cetera Investment Advisers now owns 51,606 shares of the company’s stock valued at $4,020,000 after purchasing an additional 3,507 shares in the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Docusign News Summary

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Q4 results and FY27 outlook beat estimates — DocuSign reported adjusted EPS of $1.01 and revenue of $836.9M, topping Street forecasts and signaling continued subscription growth and momentum into fiscal 2027. Docusign’s Q4 Earnings and Revenues Surpass Estimates, Increase Y/Y
• Positive Sentiment: Share‑repurchase boost — Management authorized a $2.0 billion increase to the buyback program, a direct capital‑return action that supports EPS and signals confidence from the board. PR Newswire: Share Repurchase Increase
• Positive Sentiment: Product traction in IAM and AI — Management highlighted strong IAM ARR (> $350M after 18 months) and plans to grow IAM share and AI partnerships, supporting secular expansion beyond e‑signatures. Seeking Alpha: IAM ARR and AI Partnerships
• Neutral Sentiment: Analysts and investors want higher top‑line acceleration — Coverage notes that while results showed traction, many want to see sustained >10% revenue growth before committing, leaving some investors on the sidelines. MSN: Analysts Wait for 10%+ Revenue Growth
• Neutral Sentiment: Some buy ratings remain — BTIG reaffirmed a buy with a $70 target, showing pockets of analyst optimism despite broad caution. Benzinga: BTIG Reaffirms Buy
• Negative Sentiment: Broad downward revisions to price targets — Multiple firms (Citigroup, Morgan Stanley, JPMorgan, UBS, Wells Fargo, RBC, Piper Sandler, Baird, others) cut targets after the print, reflecting concerns about growth runway and execution; that pressure caps upside even with the beat. Blockonomi: Analyst Targets Slashed TickerReport: Citigroup Cut
• Negative Sentiment: Valuation and growth trade‑offs highlighted — Analysts trimmed fair‑value estimates and flagged pricing/AI competition risks, underscoring why some investors remain cautious despite product progress. Yahoo Finance: Valuation and AI Risks

About Docusign

DocuSign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, DocuSign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, DocuSign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

DocuSign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.