In a report released today, Daniel Ives from Wedbush maintained a Hold rating on DocuSign Inc (DOCU), with a price target of $48. The company’s shares closed yesterday at $54.74.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 4.5% and a 55.5% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Pivotal Software Inc.
Currently, the analyst consensus on DocuSign Inc is a Strong Buy with an average price target of $61.80.
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Based on DocuSign Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $66.24 million. In comparison, last year the company had a GAAP net loss of $271 million.
Based on the recent corporate insider activity of 72 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
