Docusign Inc (NASDAQ:DOCU) was the recipient of unusually large options trading activity on Thursday. Traders acquired 15,428 call options on the stock. This is an increase of 856% compared to the average volume of 1,613 call options.
Shares of DOCU opened at $58.85 on Friday. Docusign has a 1-year low of $35.06 and a 1-year high of $68.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.91 and a quick ratio of 2.91.
Docusign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.29. The business had revenue of $199.73 million during the quarter, compared to analyst estimates of $193.63 million. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. Equities research analysts forecast that Docusign will post -2.5 EPS for the current year.
Several hedge funds have recently made changes to their positions in DOCU. Accel London III Associates L.P. acquired a new position in shares of Docusign in the fourth quarter valued at approximately $98,230,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Docusign by 60.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,087,761 shares of the company’s stock valued at $203,917,000 after purchasing an additional 1,909,833 shares in the last quarter. FMR LLC grew its holdings in shares of Docusign by 40.6% in the fourth quarter. FMR LLC now owns 5,343,427 shares of the company’s stock valued at $214,165,000 after purchasing an additional 1,544,047 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Docusign in the fourth quarter valued at approximately $56,620,000. Finally, Morgan Stanley grew its holdings in shares of Docusign by 539.1% in the third quarter. Morgan Stanley now owns 1,148,284 shares of the company’s stock valued at $60,366,000 after purchasing an additional 968,599 shares in the last quarter. Hedge funds and other institutional investors own 54.41% of the company’s stock.
Several equities analysts have recently weighed in on DOCU shares. Deutsche Bank raised shares of Docusign from a “hold” rating to a “buy” rating and raised their price target for the stock from $50.00 to $65.00 in a research note on Tuesday, February 12th. Morgan Stanley raised their price target on shares of Docusign from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Friday, December 7th. Zacks Investment Research upgraded shares of Docusign from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Goldman Sachs Group assumed coverage on shares of Docusign in a research report on Thursday, December 13th. They set a “neutral” rating and a $45.00 price target for the company. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $50.00 price target on shares of Docusign in a research report on Friday, December 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $60.58.
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DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.
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