Zacks Research Predicts Docusign FY2029 Earnings

Docusign Inc. (NASDAQ:DOCU) – Investment analysts at Zacks Research issued their FY2029 earnings estimates for shares of Docusign in a research report issued on Tuesday, April 7th. Zacks Research analyst Team forecasts that the company will post earnings per share of $2.10 for the year. The consensus estimate for Docusign’s current full-year earnings is $1.17 per share.

Docusign (NASDAQ:DOCU) last announced its earnings results on Tuesday, March 17th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. The firm had revenue of $836.86 million for the quarter, compared to the consensus estimate of $828.23 million. Docusign had a net margin of 9.60% and a return on equity of 16.86%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their price objective on shares of Docusign from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 18th. Royal Bank Of Canada dropped their price objective on shares of Docusign from $70.00 to $55.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 18th. Citigroup dropped their price objective on shares of Docusign from $120.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Bank of America assumed coverage on shares of Docusign in a report on Tuesday, March 31st. They set an “underperform” rating and a $52.00 price objective on the stock. Finally, HSBC set a $53.00 price objective on shares of Docusign in a report on Friday, February 13th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.67.

Docusign Price Performance

Shares of DOCU opened at $45.55 on Thursday. The company has a market capitalization of $8.86 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. Docusign has a one year low of $40.16 and a one year high of $94.67. The company’s fifty day moving average price is $46.68 and its 200 day moving average price is $60.81.

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

Insider Buying and Selling at Docusign

In other news, CEO Allan C. Thygesen sold 26,250 shares of Docusign stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $47.78, for a total transaction of $1,254,225.00. Following the sale, the chief executive officer directly owned 152,237 shares in the company, valued at approximately $7,273,883.86. The trade was a 14.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James P. Shaughnessy sold 12,000 shares of Docusign stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $46.83, for a total transaction of $561,960.00. Following the sale, the insider owned 53,631 shares in the company, valued at approximately $2,511,539.73. This trade represents a 18.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 64,673 shares of company stock worth $3,077,699 in the last 90 days. 1.01% of the stock is currently owned by insiders.

Institutional Trading of Docusign

Several institutional investors have recently made changes to their positions in DOCU. NewEdge Advisors LLC boosted its position in shares of 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. Guggenheim Capital LLC boosted its position in shares of Docusign by 6.7% during the 2nd quarter. Guggenheim Capital LLC now owns 11,543 shares of the company’s stock valued at $899,000 after acquiring an additional 729 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Docusign by 10.4% during the 2nd quarter. California Public Employees Retirement System now owns 369,714 shares of the company’s stock valued at $28,797,000 after acquiring an additional 34,951 shares in the last quarter. State Street Corp boosted its position in shares of Docusign by 3.0% during the 2nd quarter. State Street Corp now owns 8,074,976 shares of the company’s stock valued at $628,960,000 after acquiring an additional 236,494 shares in the last quarter. Finally, Investment Management Corp of Ontario boosted its position in Docusign by 8.4% in the second quarter. Investment Management Corp of Ontario now owns 17,438 shares of the company’s stock valued at $1,358,000 after buying an additional 1,352 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Docusign Company Profile

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.