Nice (NASDAQ:NICE) Hits New 52-Week Low – Should You Sell?

Nice (NASDAQ:NICE)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $126.00 and last traded at $126.6290, with a volume of 106828 shares traded. The stock had previously closed at $129.34.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley set a $193.00 price target on Nice in a report on Tuesday, October 21st. Weiss Ratings cut shares of Nice from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 price target on shares of Nice in a research report on Tuesday, August 26th. DA Davidson decreased their price target on shares of Nice from $195.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $152.00 price objective on shares of Nice in a research note on Sunday, October 12th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.25.

Nice Trading Down 1.8%

The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The firm has a 50-day moving average of $138.39 and a 200 day moving average of $151.79.

Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.02. The company had revenue of $726.71 million during the quarter, compared to the consensus estimate of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. Nice’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $2.64 earnings per share. 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, research analysts forecast that Nice will post 9.85 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Deutsche Bank AG grew its position in shares of Nice by 14.1% during the first quarter. Deutsche Bank AG now owns 691,627 shares of the technology company’s stock worth $106,628,000 after buying an additional 85,286 shares in the last quarter. Cerity Partners LLC boosted its stake in Nice by 56.0% during the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock valued at $1,540,000 after acquiring an additional 3,584 shares during the last quarter. Brown Advisory Inc. acquired a new position in Nice during the 1st quarter worth $513,000. Townsquare Capital LLC increased its position 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 during the last quarter. Finally, ARK Investment Management LLC increased its position in shares of Nice by 17.2% in the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company’s stock worth $1,832,000 after purchasing an additional 1,746 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

About Nice

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.