Docusign (DOCU) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Docusign (NASDAQ:DOCU) announced its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.14, Briefing.com reports. The company had revenue of $155.81 million for the quarter, compared to analysts’ expectations of $145.87 million. Docusign’s revenue was up 37.3% on a year-over-year basis.

Docusign traded down $1.37, reaching $55.99, during trading on Thursday, Marketbeat.com reports. 3,530,800 shares of the company’s stock were exchanged, compared to its average volume of 1,167,182. Docusign has a 52-week low of $37.00 and a 52-week high of $59.86.

In related news, major shareholder Ignition Gp Ii, Llc sold 784,843 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $29.00, for a total transaction of $22,760,447.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith J. Krach sold 165,026 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $29.00, for a total transaction of $4,785,754.00. The disclosure for this sale can be found here.

Several brokerages have recently issued reports on DOCU. Piper Jaffray Companies began coverage on shares of Docusign in a research note on Tuesday, May 22nd. They set an “overweight” rating and a $52.00 price objective for the company. Deutsche Bank began coverage on shares of Docusign in a research note on Tuesday, May 22nd. They set a “hold” rating and a $45.00 price objective for the company. Morgan Stanley began coverage on shares of Docusign in a research note on Tuesday, May 22nd. They set an “equal weight” rating and a $42.00 price objective for the company. Deutsche Bank began coverage on shares of Docusign in a research note on Friday, May 25th. They set a “hold” rating and a $45.00 price objective for the company. Finally, Citigroup began coverage on shares of Docusign in a research note on Tuesday, May 22nd. They set a “buy” rating and a $59.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Docusign currently has a consensus rating of “Buy” and a consensus target price of $49.71.

About Docusign

There is no company description available for Docusign Inc

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