Nice (NASDAQ:NICE) Cut to “Sell (D+)” at Weiss Ratings

Weiss Ratings lowered shares of Nice (NASDAQ:NICE) from a hold (c-) rating to a sell (d+) rating in a research note published on Saturday,Weiss Ratings reports.

Other equities analysts have also issued reports about the company. Jefferies Financial Group restated a “hold” rating and issued a $152.00 target price on shares of Nice in a research note on Sunday, October 12th. JMP Securities restated a “market outperform” rating and issued a $300.00 target price on shares of Nice in a research note on Tuesday, August 26th. Wall Street Zen lowered Nice from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Morgan Stanley set a $193.00 target price on Nice in a research note on Tuesday, October 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $190.00 target price on shares of Nice in a research note on Friday, August 15th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.25.

Nice Stock Performance

NASDAQ:NICE opened at $134.53 on Friday. Nice has a 52-week low of $126.66 and a 52-week high of $200.65. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.14 and a beta of 0.96. The business’s fifty day moving average is $139.81 and its 200 day moving average is $152.95.

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

Hedge Funds Weigh In On Nice

Hedge funds and other institutional investors have recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of Nice by 14.1% in the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock worth $106,628,000 after purchasing an additional 85,286 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Nice by 56.0% in the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock worth $1,540,000 after purchasing an additional 3,584 shares in the last quarter. Brown Advisory Inc. purchased a new position in shares of Nice in the 1st quarter worth about $513,000. Townsquare Capital LLC boosted its holdings in shares of Nice by 1,518.4% in the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company’s stock worth $4,017,000 after purchasing an additional 24,446 shares in the last quarter. Finally, ARK Investment Management LLC boosted its holdings in Nice by 17.2% during the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company’s stock valued at $1,832,000 after acquiring an additional 1,746 shares during the period. 63.34% of the stock is currently 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.