How to Buy Docusign Stock
Docusign Inc
DocuSign, Inc. provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements.
Docusign stock last closed at $56.67, down 3.79% from the previous day, and has increased 5.37% in one year. It has underperformed other stocks in the Software - Application industry by 0.15 percentage points. Docusign stock is currently +48.7% from its 52-week low of $38.11, and -12.49% from its 52-week high of $64.76.
At the moment, there are 205.42M DOCU shares outstanding. The market value of DOCU is $11.64B. In the last 24 hours, 1.98M DOCU shares were traded.
How to Buy Docusign Stock
Wondering how to invest in Docusign stock? Here's how.
- Choose where to buy Docusign stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Docusign stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your method of payment and add your info.
- Analyze Docusign stock: The Docusign ticker symbol is DOCU. Is Docusign stock a good investment? Should you buy shares of DOCU? How do DOCU's underlying business fundamentals look? Do top analysts think Docusign is a good buy? Why has DOCU's stock price moved recently? (Hint: Our stock research tools can help you understand if DOCU is a good stock to buy).
- Make your DOCU trade: Decide if you will purchase DOCU shares at the current market price or use a limit order to buy DOCU stock at a specific price.
- Get key alerts regarding your DOCU investment: Create a watchlist to important updates regarding your position in Docusign stock.
Step 1: Choose where to buy Docusign stock
You will need a brokerage account to access the NASDAQ market and buy DOCU shares.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal info so you can invest in DOCU today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on the best free stock trading app, your next step is to transfer the money for your investment:
Watch the video below to see the process of depositing money into your new brokerage account.
Step 4: Analyze Docusign stock
Once you have identified the best place to buy Docusign stock, it's important to analyze their stock prior to buying, so you can comprehend the risk as well as the upside.
Docusign stock at a glance
DOCU Due Diligence Checks
WallStreetZen was built to help everyday investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on DOCU's stock page.
Is DOCU stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge DOCU's fair value.
Using relative valuations methods:
- DOCU may be overvalued based on its P/E ratio of 157.42x, relative to Software - Application industry P/E ratio of 99.06x
- DOCU could be overvalued based on its P/B ratio of 10.3x, relative to Software - Application industry P/B ratio of 6.46x
You can access additional valuation analysis on DOCU's stock here.
A look at DOCU Cashflows and Balance Sheet
Signs that DOCU is financially healthy:
- DOCU's operating cash flow of $979.53M allows it to safely service it's debt of $143.05M.
- DOCU profit margin has gone up from -3.9% to 2.7% in the past year.
- DOCU earnings of $100.52M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the DOCU balance sheet.
Signs that DOCU is not financially healthy:
- Total DOCU debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the DOCU balance sheet.
- DOCU has a relatively high debt to equity ratio of 1.63.
Is Docusign stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 13 Equities analysts who track DOCU, the consensus analyst rating on DOCU is a Hold
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Latest DOCU Analyst Upgrades/Downgrades
Daniel Ives, a top 9% analyst from Wedbush maintains DOCU with a hold rating and raises their DOCU price target from $56.00 to $65.00, on Mar 8, 2024.
Rob Owens, a top 1% analyst from Piper Sandler maintains DOCU with a hold rating and raises their DOCU price target from $55.00 to $65.00, on Mar 8, 2024.
Michael Turrin, a bottom 12% analyst from Wells Fargo maintains DOCU with a strong sell rating and raises their DOCU price target from $45.00 to $48.00, on Mar 8, 2024.
Brad Sills, a top 4% analyst from Bank of America maintains DOCU with a hold rating and raises their DOCU price target from $60.00 to $72.00, on Mar 8, 2024.
Kirk Materne, a top 16% analyst from Evercore ISI Group maintains DOCU with a hold rating and raises their DOCU price target from $55.00 to $60.00, on Mar 8, 2024.
You can dig deeper into what analysts are saying on the Docusign stock forecast page.
Metrics for Advanced DOCU Traders
How is DOCU performing as a company?
Last year, DOCU revenue was $2.76B. In the last 5 year, DOCU's revenue has increased by 31.55% per year. This was faster than the Software - Application industry average of 27.52%.
Dig into DOCU's earnings and revenue performance here.
Latest Insiders Trades at DOCU
Over the last year, executives and large shareholders at DOCU have sold more shares than they have bought.
Peter Solvik, Director of DOCU, was the latest DOCU insider to sell. They sold $900,000.00 worth of DOCU stock on Apr 9, 2024.
Get more info about who owns DOCU shares here.
Can I rely on DOCU as an income stream?
No, Docusign doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your DOCU trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open button and eToro will place the order.
If you require additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your DOCU investment
Now that you own some DOCU stock, you'll want to keep up with your investment.
Start a watchlist to track the latest developments regarding your DOCU stock.
DOCU Feed
How to Buy Stock in Docusign
To reiterate, here are the 6 steps for buying Docusign stock:
- Choose where to buy Docusign stock
- Sign up for your brokerage account
- Put funds into your investment account
- Analyze Docusign stock
- Make your DOCU trade
- Get key alerts regarding your DOCU investment
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Docusign, create your watchlist below.
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