DA Davidson Cuts NiCE (NASDAQ:NICE) Price Target to $130.00

NiCE (NASDAQ:NICE) had its target price trimmed by DA Davidson from $150.00 to $130.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

Other analysts have also recently issued reports about the company. Cantor Fitzgerald decreased their price objective on NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group decreased their price target on shares of NiCE from $152.00 to $136.00 and set a “hold” rating on the stock in a research note on Tuesday. Royal Bank Of Canada lowered their price objective on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday. Morgan Stanley reduced their target price on shares of NiCE from $193.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of NiCE in a research report on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.54.

NiCE Stock Performance

Shares of NASDAQ NICE opened at $99.60 on Tuesday. The company has a market cap of $6.30 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.16 and a beta of 0.98. NiCE has a 52-week low of $99.00 and a 52-week high of $193.52. The firm’s fifty day moving average is $134.51 and its two-hundred day moving average is $149.57.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, November 13th. The technology company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.01. The firm had revenue of $732.00 million during the quarter, compared to analyst estimates of $728.07 million. NiCE had a return on equity of 17.43% and a net margin of 18.92%.The business’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 earnings per share. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. As a group, analysts forecast that NiCE will post 9.85 EPS for the current fiscal year.

Institutional Trading of NiCE

Several institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its stake in shares of NiCE by 99.0% during the second 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 during the last quarter. Cheviot Value Management LLC bought a new stake in shares of NiCE during the 1st quarter worth approximately $36,000. Tower Research Capital LLC TRC purchased a new position in NiCE during the 2nd quarter valued at $40,000. Atlantic Union Bankshares Corp bought a new position in NiCE in the 2nd quarter valued at $60,000. Finally, Legal & General Group Plc purchased a new stake in NiCE in the second quarter worth $65,000. Institutional investors own 63.34% of the company’s stock.

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.