NiCE (NASDAQ:NICE) Shares Gap Down on Analyst Downgrade

NiCE (NASDAQ:NICE) gapped down prior to trading on Tuesday after DA Davidson lowered their price target on the stock from $150.00 to $130.00. The stock had previously closed at $120.86, but opened at $111.80. DA Davidson currently has a neutral rating on the stock. NiCE shares last traded at $108.9130, with a volume of 579,200 shares changing hands.

NICE has been the subject of several other reports. Citizens Jmp decreased their target price on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a research report on Friday, November 14th. Rosenblatt Securities decreased their price objective on shares of NiCE from $190.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday. Royal Bank Of Canada lowered their target price on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday. JMP Securities set a $200.00 price target on NiCE in a research report on Friday. Finally, Mizuho decreased their price target on NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, NiCE has a consensus rating of “Moderate Buy” and an average target price of $175.23.

Hedge Funds Weigh In On NiCE

Institutional investors have recently made changes to their positions in the business. Richardson Financial Services Inc. lifted its position in shares of NiCE by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after purchasing an additional 99 shares during the last quarter. Cheviot Value Management LLC bought a new stake in shares of NiCE in the first quarter valued at approximately $36,000. Tower Research Capital LLC TRC acquired a new stake in shares of NiCE in the second quarter worth $40,000. Atlantic Union Bankshares Corp acquired a new stake in shares of NiCE in the second quarter worth $60,000. Finally, Legal & General Group Plc bought a new position in NiCE during the second quarter worth $65,000. 63.34% of the stock is currently owned by institutional investors.

NiCE Stock Performance

The company’s 50 day moving average is $136.18 and its 200 day moving average is $150.26. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.16 and a beta of 0.98.

NiCE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.01. The company had revenue of $732.00 million for the quarter, compared to analyst estimates of $728.07 million. NiCE had a net margin of 18.92% and a return on equity of 17.43%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. On average, equities research analysts anticipate that NiCE will post 9.85 earnings per share for the current fiscal year.

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 enables 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.