Accolade (NASDAQ:NCNO) Announces Earnings Results

Accolade (NASDAQ:NCNO) posted its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04, Briefing.com reports. The firm had revenue of $48.77 million for the quarter, compared to analyst estimates of $45.20 million. The firm’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS.

Shares of NASDAQ:NCNO traded down $2.19 during trading on Friday, reaching $82.01. The stock had a trading volume of 3,039 shares, compared to its average volume of 379,825. The firm’s fifty day moving average is $80.70. Accolade has a fifty-two week low of $66.82 and a fifty-two week high of $103.95.

In other Accolade news, Director Steven A. Collins bought 32,250 shares of the company’s stock in a transaction that occurred on Thursday, July 16th. The stock was purchased at an average cost of $31.00 per share, for a total transaction of $999,750.00. Also, insider Gregory Orenstein bought 1,000 shares of Accolade stock in a transaction that occurred on Thursday, July 16th. The shares were acquired at an average price of $31.00 per share, for a total transaction of $31,000.00.

Several equities analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Accolade from $82.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays increased their price objective on Accolade from $84.00 to $91.00 in a research report on Thursday. Macquarie began coverage on shares of Accolade in a research note on Monday, August 10th. They set an “outperform” rating on the stock. BofA Securities assumed coverage on shares of Accolade in a report on Monday, August 10th. They set a “buy” rating and a $95.00 price objective on the stock. Finally, KeyCorp initiated coverage on shares of Accolade in a report on Monday, August 10th. They issued an “overweight” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $93.83.

Accolade Company Profile

nCino, Inc, a software- as- a- service company, provides cloud-based software applications for financial institutions in the United States and internationally. Its operating system offers customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting solutions.

Recommended Story: Certificate of Deposit (CD) For Risk Adverse Investors?

Receive News & Ratings for Accolade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accolade and related companies with MarketBeat.com's FREE daily email newsletter.