What is Scotiabank’s Forecast for nCino FY2025 Earnings?

nCino, Inc. (NASDAQ:NCNO) – Scotiabank upped their FY2025 earnings per share (EPS) estimates for shares of nCino in a report released on Wednesday, January 8th. Scotiabank analyst N. Altmann now anticipates that the company will post earnings per share of $0.12 for the year, up from their previous forecast of $0.04. Scotiabank has a “Sector Outperform” rating and a $46.00 price objective on the stock. The consensus estimate for nCino’s current full-year earnings is $0.10 per share.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird lowered their price target on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Macquarie increased their price objective on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods boosted their target price on nCino from $41.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. UBS Group initiated coverage on shares of nCino in a research report on Monday, December 16th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Morgan Stanley lowered their price objective on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

nCino Stock Performance

NASDAQ:NCNO opened at $32.54 on Monday. The stock has a market cap of $3.77 billion, a P/E ratio of -191.40, a PEG ratio of 16.39 and a beta of 0.64. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $37.74 and its two-hundred day moving average price is $34.36. nCino has a twelve month low of $28.09 and a twelve month high of $43.20.

Insider Activity at nCino

In other nCino news, Director William J. Ruh sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the sale, the director now owns 226,201 shares in the company, valued at approximately $8,482,537.50. This trade represents a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Horing sold 1,833,975 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $36.62, for a total value of $67,160,164.50. Following the completion of the transaction, the director now owns 12,513,467 shares in the company, valued at $458,243,161.54. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,438,780 shares of company stock worth $341,199,885 over the last quarter. Company insiders own 28.40% of the company’s stock.

Institutional Investors Weigh In On nCino

A number of hedge funds have recently bought and sold shares of the business. Hilltop National Bank bought a new stake in shares of nCino during the fourth quarter worth $37,000. Asset Management One Co. Ltd. grew its holdings in nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after acquiring an additional 341 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in nCino by 97.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock valued at $87,000 after purchasing an additional 1,358 shares during the period. West Tower Group LLC bought a new stake in shares of nCino in the 3rd quarter valued at about $126,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of nCino in the 3rd quarter worth approximately $152,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.