In a report released today, Stan Zlotsky from Morgan Stanley maintained a Hold rating on DocuSign Inc (NASDAQ: DOCU), with a price target of $50. The company’s shares closed yesterday at $63.10.
According to TipRanks.com, Zlotsky is ranked #599 out of 4873 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DocuSign Inc with a $60.17 average price target.
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Based on DocuSign Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $36.71 million. In comparison, last year the company had a GAAP net loss of $12.04 million.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOCU in relation to earlier this year.
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DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything.
