JMP Securities Sticks to Their Buy Rating for DocuSign (DOCU)

JMP Securities analyst Patrick Walravens maintained a Buy rating on DocuSign (DOCU – Research Report) today and set a price target of $84.00. The company’s shares closed yesterday at $59.48.

Walravens covers the Technology sector, focusing on stocks such as Adobe, NICE, and Salesforce. According to TipRanks, Walravens has an average return of -7.4% and a 37.83% success rate on recommended stocks.

DocuSign has an analyst consensus of Hold, with a price target consensus of $65.69, implying a 10.44% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a $80.00 price target.

The company has a one-year high of $64.76 and a one-year low of $38.11. Currently, DocuSign has an average volume of 3.56M.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 (DOCU) Company Description:

Founded in 2003 and headquarterd in California, DocuSign, Inc. is a cloud-based electronic signature solutions name that helps companies and individuals to manage electronic agreements. The company automates manual, paper-based processes, allowing users to manage all aspects of documented business transactions including identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.