In a report released today, Brian Peterson from Raymond James maintained a Hold rating on nCino (NCNO). The company’s shares closed last Tuesday at $59.20, close to its 52-week low of $57.38.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 33.2% and a 72.2% success rate. Peterson covers the Technology sector, focusing on stocks such as Qualtrics International, Duck Creek Technologies, and ZoomInfo Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for nCino with a $82.50 average price target.
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nCino’s market cap is currently $5.91B and has a P/E ratio of -144.30. The company has a Price to Book ratio of 17.89.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is neutral on the stock.
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Ncino Inc is a provider of cloud based software for financial institutions. Its software solution digitizes, automates and streamlines inefficient and complex processes and workflow and utilizes data analytics and artificial intelligence that enables financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts and manage regulatory compliance. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions.
