Nice (NASDAQ:NICE) Downgraded by Weiss Ratings to “Sell (D+)”

Nice (NASDAQ:NICE) was downgraded by stock analysts at Weiss Ratings from a “hold (c-)” rating to a “sell (d+)” rating in a research note issued to investors on Saturday,Weiss Ratings reports.

Other research analysts also recently issued reports about the stock. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price objective on shares of Nice in a research report on Friday, August 15th. JMP Securities reissued a “market outperform” rating and set a $300.00 price objective on shares of Nice in a research report on Tuesday, August 26th. Wall Street Zen downgraded shares of Nice from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Morgan Stanley set a $193.00 price target on shares of Nice in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $152.00 price target on shares of Nice in a research note on Sunday, October 12th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $201.25.

Nice Stock Performance

Shares of NICE opened at $132.30 on Friday. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.14 and a beta of 0.96. Nice has a fifty-two week low of $126.66 and a fifty-two week high of $200.65. The firm has a 50 day moving average price of $139.86 and a 200-day moving average price of $153.08.

Nice (NASDAQ:NICE) last issued its earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.99 by $0.02. Nice had a net margin of 18.92% and a return on equity of 17.43%. The company had revenue of $726.71 million for the quarter, compared to the consensus estimate of $713.18 million. During the same period in the previous year, the firm earned $2.64 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. As a group, equities research analysts predict that Nice will post 9.85 earnings per share for the current year.

Institutional Investors Weigh In On Nice

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC increased its holdings in Nice by 6.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,492 shares of the technology company’s stock worth $252,000 after acquiring an additional 94 shares in the last quarter. Aurora Investment Counsel grew its holdings in Nice by 0.8% during the 1st quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company’s stock valued at $1,859,000 after buying an additional 96 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in Nice by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock valued at $33,000 after buying an additional 99 shares in the last quarter. Investors Research Corp grew its holdings in Nice by 4.2% during the 2nd quarter. Investors Research Corp now owns 2,486 shares of the technology company’s stock valued at $420,000 after buying an additional 100 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in Nice by 3.8% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,728 shares of the technology company’s stock valued at $461,000 after buying an additional 101 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

Nice Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.