DOCU - DocuSign, Inc.
90.75 +0.12 (0.13%)
After hours: 7:54PM EDT
Chart Events
Momentum
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 88.37 |
| Open | 89.00 |
| Bid | 90.70 x 800 |
| Ask | 91.00 x 800 |
| Day's Range | 86.13 - 91.38 |
| 52 Week Range | 43.13 - 98.38 |
| Volume | 3,296,632 |
| Avg. Volume | 2,823,069 |
| Market Cap | 16.445B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.18 |
| Earnings Date | Jun 09, 2020 - Jun 12, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 86.46 |
Fair Value
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Docusign CEO Attributes Stock Gains To Work-From-Home Reality
Docusign Inc (NASDAQ: DOCU) is among the few strocks trading higher for 2020, and the company is benefiting from the work-from-home trend, CEO Dan Springer said Tuesday on CNBC's "Fast Money."DocuSign's Headwinds, Tailwinds DocuSign is able to satisfy companies' needs to sign contracts and agreements digitally, but at the same time the company recognizes potential headwinds from economic risks, Springer said.This will naturally have a negative impact on not just DocuSign, but nearly every company, the CEO said. Nevertheless, the tailwinds from the stay-at-home economy offset the negative headwinds, and the company "still feels pretty good about how business is going," he said.DocuSign showed 39% revenue growth and 38% billing growth, and this could be considered a good model for future growth, Springer said. DocuSign 'A Trust Brand' DocuSign is able to better promote itself to its 600,000 clients as being more than a mere digital signature company, the CEO said.Clients have come to embrace the DocuSign Agreement Cloud, which is a portfolio of applications for preparing, signing, acting on and managing agreements, he said. "DocuSign is a trust brand," Springer said. "We make a huge focus on telling our customers they can count on us both from a security standpoint and availability standpoint."Finerman Says DocuSign Shares 'Not Cheap'DocuSign's stock is "not cheap," and it is not clear if the economy returns to its previous normal whether its valuation will "come in," "Fast Money" trader Karen Finerman said after the interview. From a products and usefulness point of view, Finerman said she "really likes it a lot."The stock was down 1.66% at $86.51 at the time of publication Wednesday.Related Links:10 Short Squeeze Candidates If The Market Rally ContinuesWill The Remote Office Become Habit After The Coronavirus Pandemic?See more from Benzinga * Cramer: Wait For Next Pullback Before Buying Shares * Food News Roundup: Guy Fieri Lends A Helping Hand, Expert Cautions Against Protectionist Measures, Coca-Cola Stock In Focus * For Walmart And Amazon's Grocery Businesses, The Pressure Is On(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Best Stocks for 2020: Hercules Capital Stock Is a Steal for $7
Editor's note: This column is part of InvestorPlace.com's Best Stocks for 2020 contest. Neil George's pick for the contest is Hercules Capital (NYSE:HTGC).Don't ever look at any of your owns stocks and think about what you paid for it. If you are up, great. But it doesn't matter, as each day -- or at least each month -- you need to look at that stock and ask yourself: Would you buy it again, and under what price? And if you are down, the same question applies. Also, it is important to not hold a stock, hoping that it will inch up to your buy price so that you can sell it. The hold-and-hope method never ends well.At the start of this year, I joined my colleagues at InvestorPlace as each of us presented one stock to buy and own for all of 2020. My stock was -- and is -- Hercules Capital (NYSE:HTGC).InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's get the elephant in the room out of the way first. For the full first quarter of 2020, HTGC stock has dropped by 45.5% in price. After including dividend distributions, the total return is a net loss of 43.9%.Source: Chart courtesy of Bloomberg Hercules Capital (HTGC) Total Return 1Q 2020That's terrible.But as I led in this report, it doesn't matter what the starting price was -- only what it is right now, which is about $7. And that is a pretty nice price to buy HTGC stock. The underlying company has a whole lot of very valuable assets and lots of cash and credit capability. What Is Hercules Capital?Hercules Capital is an alt-financial company providing finance (along with equity participation) to technology companies in various states of development. Technology is one of the better forward-looking segments now. Tech companies are providing solutions for e-commerce, remote management, and also life science products and services. Many of Hercules Capital's highly diversified portfolio companies should continue to advance -- and then some. * 7 Dividend Stocks at Risk of Slashing Payouts Hercules is structured as an investment company, also known as a business development company. The Investment Company Act of 1940 founded these BDCs, and the Small Business Investment Incentives Act of 1980 further codified them.Both of these bits of U.S. law allow Hercules to largely avoid federal income tax. This perk helps it generate more cash, which it uses to fulfill bigger dividend distributions.Hercules is a venture capital-style company that focuses exclusively on tech firms. It provides loans to fund development and helps coach companies through their IPOs. And since its founding in 2003, it has successfully worked with nearly 500 companies. Hercules has brought billions of dollars of value to the markets.Unlike many other BDCs, it does not participate in collateralized loan obligations (CLOs), not is it involved in mortgage loans or mortgage-backed securities (MBS). This limits its risk and provides more transparency to HTGC's shareholders. Hercules Capital's Impressive PortfolioHercules breaks down its numerous portfolio companies into four primary groups. The first is life sciences, which includes drug and therapeutic companies. Then there's general technology, which includes numerous class-leading companies in various businesses. Third is sustainable and renewable energy, and fourth is special opportunity companies.It currently states that its life sciences companies make up half of its current portfolio. The full list of the current portfolio can be found here. And the rest of its portfolio spans many different technologies.Hercules has plenty of bold-faced names that it has worked with over the years. It currently assists FanDuel in the increasingly popular sports gaming market. It has BrightSource Energy in its renewables unit, along with American Superconductor (NASDAQ:AMSC).And Hercules also stands to benefit from the current remote work surge. It has DocuSign (NASDAQ:DOCU) and Evernote, which specializes in cloud document management. It also has innovative food brands including Annie's and Impossible Foods. For those seeking family information, it has 23andMe and Ancestry.com. Hercules truly has something for everyone.It's important to note that the financing isn't just about making loans to these companies. Hercules also gets equity stakes as part of each transaction, which provides it with gains along the way.And Hercules doesn't just sit around waiting for the phone to ring for opportunity. Instead, it is based in the tech mecca of Palo Alto, California. It knows everybody in technology. And it also has strategic offices around the U.S. to help it reach other customers and financial partners.One office I like is its very special team inside the Washington beltway. The U.S. government provides plenty of opportunities for tech companies, and Hercules works to make things happen for its clients.And all of the above comes with $7 HTGC stock. How Is the Lockdown Impacting HTGC Stock?But what is the status of the company while the U.S. economy is in lockdown? For me, status means how the company is going to get through the mess, and how it will perform moving forward. This includes its employees, which are now working remotely. And it also includes it suppliers, which I will get to in a moment. Lastly, it includes its customers, which are the current and future companies it invests in.Here I see that tech is becoming one of the value-focused and dependable parts of the stock market during lockdown. Technology is bringing solutions for everything from healthcare to remote work. And that trend won't stop anytime soon.Now, let's look at the credit status of the company. Its debts are manageable at 52.9% of its assets.And Hercules Capital has a revolving credit line with MUFG Union Bank for working capital that will mature on May 5. It also has a smaller loan maturing in 2022 with another major line of credit. It has placed two mini bonds (bonds that trade like preferred shares) with maturities in 2025 and 2033.Hercules also has cash and cash equivalents amounting to $64 million. The company recently announced that, with various loan payments and pre-payments, it will have $350 million in liquid assets for its first quarter.In addition, it placed additional shares last year for $62.7 million, and some in 2018 for $63.3 million. These two offerings were part of the company's at-the-money capital program of 12 million shares. It has another placement of additional capital which is set to close in June for an additional $70 million.For now, after reviewing its status, I think Hercules Capital and HTGC stock are in pretty good condition. The Bottom Line on HTGC StockHercules distributes dividends both in regular amounts (currently 32 cents per share) and in a special distribution through the year. It paid one of those special distributions of 8 cents on March 9. That brings the annual dividend to a whopping 20.2%. Remember, HTGC stock trades below $7.Under generally accepted accounting principles (GAAP), the cash available for shareholders was $44.6 million and total dividend distributions came in just under $37 million. And its reported retention rate for earnings is at 22.7%. Of course, both of these details are backward-looking, but they give you an idea of its coverage and reinvested capital.And, as Hercules is reporting expectations for heavier cash and liquid assets, the dividend may well remain. Granted, a lot is going on in the economy. But the company survived credit-threatening times before, including the 2007-08 financial crisis, so it has proven its chops.Another thing I like is that its management team, board of directors and other insiders own 4.7% of the company's overall shares. Management has skin in the game with HTGC stock.Source: Chart courtesy of Bloomberg Hercules Capital Book Value Per ShareHTGC stock is now below $7, so it is valued at a discount of 30% of the company's $10.55 book value. This makes it a bit of a bargain right now.I have the shares as a buy ideally in a taxable account under $9.60.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. Neil does not have any holdings in the securities mentioned above. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post Best Stocks for 2020: Hercules Capital Stock Is a Steal for $7 appeared first on InvestorPlace.
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Best ETFs for 2020: The Renaissance IPO ETF Got Major Help From Zoom
This article is a part of InvestorPlace.com's Best ETFs for 2020 contest. Tom Taulli's pick for the contest is the Renaissance IPO ETF (NYSEARCA:IPO).It has certainly been rough going for InvestorPlace.com's annual exchange-traded funds contest (as should be no surprise, none of the picks have positive returns). As for my pick -- Renaissance IPO ETF (NYSEARCA:IPO) -- the year-to-date loss was a horrible 31% earlier in the week. But the mega rally has certainly made a big difference.InvestorPlace - Stock Market News, Stock Advice & Trading TipsConsider that the YTD performance is much more palatable, a 17% loss (for the contest, it's ranked No. 5). It has actually done better than the S&P 500, which is off by 23%.The IPO ETF is based on the Renaissance IPO Index, which includes 50 companies. The firm conducts quarterly reviews to determine which holdings are included or removed. Keep in mind that an initial public offering -- IPO -- is when a company offers a large amount of shares to the public (say 10% to 20%).So why has the IPO ETF done relatively well -- at least compared to the main indexes? IPO Can Still Be One of the Best ETFsWell, the fund has exposure to some areas of the economy that are likely to see secular growth. One of the categories is cloud-based software to allow for remote working. DocuSign (NASDAQ:DOCU), for example, makes it easier for business to create contracts via the cloud. The YTD return is close to 10%.Then there is Slack Technologies (NYSE:WORK), whose shares are up 15%. The company operates one of the largest -- and fastest -- online collaboration platforms.But of course, the big winner for the remote-working megatrend has been Zoom Video (NASDAQ:ZM). The demand for its video-conference software has been staggering. And the stock price has doubled so far this year, hitting a market capitalization of $39 billion. * 7 Strong Stocks to Buy to Survive the Coronavirus Crisis What's more, the IPO ETF has exposure to emerging biotech companies, which have shown some reliance this year. Just look at the fund's position in Moderna (NASDAQ:MRNA). The company, which leverages a patient's RNA, says that it might have a COVID-19 vaccine by the fall. The IPO MarketFor the most part, the IPO market is likely to see little activity. The extreme volatility makes it incredibly difficult for companies to manage a financing. Note that according to data from EY, there were only two deals that were priced in March (and none since March 11). The firm also forecasts that things may not rebound until the fall. This is based on surveys from Wall Street deal attorneys.So what were the two companies that went public? Imara (NASDAQ:IMRA), which is a clinical-stage biotech company that focuses on treating rare genetic disorders of hemoglobin. The shares have gained about 1%. The other is GFL Environmental (NYSE:GFL), which is the fourth-largest diversified environmental services company in the U.S. Unfortunately, the offering was a bit of a dud, falling 25%. Bottom Line on the IPO ETFThe strong relative performance for the IPO ETF is encouraging. It shows the importance of investing in next-generation companies as well as getting diversification across many holdings. In other words, this can allow for the softening of a major blow to the overall market.And even though the IPO market may be quiet for a while, this is not necessarily a problem for the IPO ETF. Renaissance can keep companies in its index for up to two years.Tom Taulli (@ttaulli) is the author of various books on investing and technology, including Artificial Intelligence Basics, High-Profit IPO Strategies and All About Short Selling. He is also the founder of WebIPO, which was one of the first platforms for public offerings during the 1990s. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post Best ETFs for 2020: The Renaissance IPO ETF Got Major Help From Zoom appeared first on InvestorPlace.
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DocuSign Stock Will Run Higher While Countless Others Fade
In the wake of the onset of the coronavirus from China, some unexpected opportunities have arisen in the markets. Work-at-home stocks have gained traction lately, including those in the e-signature niche. Therefore, an intriguing asset for investors in these troublesome times is DocuSign (NASDAQ:DOCU) stock.Source: Sundry Photography / Shutterstock.com You might not have considered an e-signature company as a way to capitalize on the work-from-home trend. But social distancing might be here to stay for a while. In some areas, the stay-at-home mandate could last for months. This scenario sets DOCU stock for potential outperformance, even if the broader market corrects. The E-signature LeaderBecause of coronavirus concerns, business travel isn't always a viable alternative. No one can predict how much longer the virus will prevent people from traveling. For the time being, teleconferencing and other niches have come front and center.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAmong those niches is electronic signatures. Back in April 2018, when DocuSign went public, electronic document signature providers weren't exactly a hot topic. This was basically a cottage industry at the time. People weren't buzzing about DOCU stock on financial message boards and chat rooms.That's changing today due to the tremendous social and business impact of the coronavirus. The San Francisco based company is now thrust into the spotlight. It can fill a pressing demand as more companies avoid business travel and insist that contracts and other documents be signed electronically. * 7 Buyout Targets to Watch for in 2020 Since this is what DocuSign specializes in facilitating, the company is a better fit in this specific niche than Adobe (NASDAQ:ADBE). If you invest in Adobe stock, you're participating in a more diversified company. If you want a pure and targeted play in e-signatures, stick with DOCU stock. Analysts Sign Off on DocuSignA number of prominent experts have given their "signature of approval" to Docusign. One such expert is William Blair analyst Bhavan Suri. He seems to suggest that Docusign could prosper even in the face of a broader business-activity slowdown:"While the number of business agreements being signed globally may decline, those that are continuing to work are enabled by DocuSign to close agreements without meeting face to face … We expect that DocuSign will be relatively resilient in this environment given digital nature of the products DocuSign provides and the remote implementation options."Again, it's all about social distancing. Face-to-face business interactions are increasingly being frowned upon, and DocuSign already had robust technology in place to meet the newfound demand for digital-signature facilitation.Morgan Stanley analyst Stan Zlotsky is similarly bullish on the company, stating, "We see DocuSign well positioned within the defensive category of digital transformation spend."RBC Capital analyst Alex Zukin, meanwhile, praised DocuSign's February 2020 acquisition of Seal Software. That acquisition will enhance DocuSign's ability to leverage the power of artificial intelligence in the domain of contract analytics.In Zukin's estimation, "The opportunity to reduce time spent on manual workflows through the addition of Seal to the portfolio can help bolster the value proposition and drive ROI (return on investment) for customers."Along with the nods from the financial experts, we can appreciate DocuSign's strong fourth-quarter earnings results. Specifically, the company's adjusted earnings for the quarter were up 12 cents per share. That's a 100% increase compared to the same quarter a year earlier.Moreover, DocuSign posted quarterly revenue of $274.9 million. This represents an impressive increase of 38% in relation to the same quarter from the prior year. Clearly, the experts are justified in their bullish stance on this exciting company. The Final Word on DOCU StockThe e-document market is likely to flourish as the coronavirus has forced businesses to change how they conduct contract signings and other digital-paperwork transactions. DocuSign's earnings have been strong, and the company is loved by analysts. Therefore, I'm more than happy to add my virtual signature to the growing list of DOCU stock bulls.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post DocuSign Stock Will Run Higher While Countless Others Fade appeared first on InvestorPlace.
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Investor's Business Daily VideoInvesting Strategies: DocuSign CEO Insights, Medical Sector Update, E-Commerce Explosion Amid Coronavirus
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