DocuSign (DOCU) Rockets Upwards on Strong Earnings

DocuSign rose 12.0% during the morning session to $48.98 per share. As reported by Barrons: "DocuSign the provider of software that allows people to sign documents electronically, crushed expectations in its latest earnings report.. The company had more revenue than expected and raised its forecasts for fourth-quarter and full-year sales." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

DocuSign, Inc. provides electronic signature software in the United States and internationally. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, DocuSign has a trailing 12 month P/E ratio of -109.1 and a P/B ratio of 24.2.

DocuSign has moved -69.7% over the last year compared to -15.9% for the S&P 500 -- a difference of -53.8%. DocuSign has a 52 week high of $159.73 and a 52 week low of $39.57. At today's price of $48.98 per share, DocuSign is -27.5% away from its target price of $67.56, and on average, analysts give the stock a rating of hold. 6.5% of the company's shares are linked to short positions, and 78.8% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.