NIC Inc. (NASDAQ:EGOV) has been recommended as a long term growth pick according to Beta Research. With their stock price currently trading around $17.35, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 18.90% earnings per share growth over the past 5 years and 11.90% revenue growth over that same time frame.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, NIC Inc. (NASDAQ:EGOV)’s stock was 4.52%. Over the last week of the month, it was 2.06%, -0.57% over the last quarter, and -7.71% for the past six months.
Over the past 50 days, NIC Inc.’s stock is -8.20% off of the high and 11.94% removed from the low. Their 52-Week High and Low are as follows: -32.49% (High), 12.30%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $17.25 on the equity. Analysts have a consensus recommendation of 2.90 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.