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DA Davidson has $20.0 Target Price on NIC Inc (NASDAQ:EGOV) after Started Coverage

Davidson Analyst Rating Change NIC Inc NASDAQ:EGOV

NIC Inc (NASDAQ:EGOV) Price Target & New Coverage by DA Davidson

DA Davidson issued to clients and investors in an analysts note that it initiated coverage on NIC Inc (NASDAQ:EGOV) Stock, with Neutral rating and a $20.0 PT.

In spite of the new coverage NASDAQ:EGOV is now trading 0.00% lower at $19.00 as of 12:01 AM New York time. NIC Inc shares have [From2] 0% over the past 200 days, while the S&P500 Index has risen 6.00% in the same time.

According to data compiled by Thomson Reuters, NIC Inc (NASDAQ:EGOV)’s stock is covered by 6 equity analysts across the Street, with 0 analysts giving it a Sell rating, 2 a Buy rating, while 5 consider it a Hold. The 12-month consensus target price for the stock is $20.17, which reflects an upside potential of 6.16% over the current price.

Institutional Ownership


NIC Inc. is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses.

NIC Inc (NASDAQ:EGOV) closed at $19 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 450,375 shares. NIC Inc has a 52 week low of $18.90 and a 52 week high of $25.9. The company has a market cap of $1.22B and a P/E ratio of 22.24.

Get the latest NIC Inc (NASDAQ:EGOV) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post DA Davidson has $20.0 Target Price on NIC Inc (NASDAQ:EGOV) after Started Coverage appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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DA Davidson has $20.0 Target Price on NIC Inc (NASDAQ:EGOV) after Started Coverage


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