NiCE (NASDAQ:NICE) Price Target Cut to $130.00 by Analysts at DA Davidson

NiCE (NASDAQ:NICE) had its target price lowered by investment analysts at DA Davidson from $150.00 to $130.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. DA Davidson’s price target indicates a potential upside of 22.74% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Mizuho reduced their price target on shares of NiCE from $185.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday. Citigroup lifted their price target on shares of NiCE from $209.00 to $211.00 and gave the company a “buy” rating in a report on Friday. Cantor Fitzgerald dropped their price objective on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, JMP Securities set a $200.00 target price on shares of NiCE in a report on Friday. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $175.23.

NiCE Trading Down 12.4%

NiCE stock traded down $14.94 during midday trading on Tuesday, hitting $105.92. The stock had a trading volume of 2,735,656 shares, compared to its average volume of 593,606. The business has a fifty day moving average price of $136.93 and a 200 day moving average price of $150.62. NiCE has a 12 month low of $104.42 and a 12 month high of $193.52. The stock has a market cap of $6.70 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.16 and a beta of 0.98.

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

Hedge Funds Weigh In On NiCE

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its position in NiCE by 1,125.3% in the 1st quarter. Alliancebernstein L.P. now owns 768,737 shares of the technology company’s stock valued at $118,516,000 after acquiring an additional 705,997 shares during the period. Lazard Asset Management LLC grew its stake in shares of NiCE by 116.1% in the second quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock worth $207,238,000 after purchasing an additional 659,170 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NiCE by 218.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company’s stock valued at $139,989,000 after purchasing an additional 623,014 shares during the period. Wealthquest Corp acquired a new position in shares of NiCE during the first quarter valued at $37,843,000. Finally, Neuberger Berman Group LLC raised its stake in shares of NiCE by 36.5% during the third quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock valued at $122,429,000 after purchasing an additional 225,936 shares in the last quarter. 63.34% of the stock is owned by 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 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.