Rosenblatt Securities Reaffirms “Buy” Rating for NiCE (NASDAQ:NICE)

NiCE (NASDAQ:NICE)‘s stock had its “buy” rating reiterated by equities researchers at Rosenblatt Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $175.00 price objective on the technology company’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 58.06% from the company’s current price.

Several other research analysts have also issued reports on NICE. Cantor Fitzgerald cut their target price on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Citigroup upped their price objective on NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Citizens Jmp reduced their price objective on NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a research report on Friday, November 14th. Royal Bank Of Canada dropped their target price on NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Finally, Barclays cut their target price on NiCE from $200.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.38.

NiCE Price Performance

NICE stock opened at $110.72 on Tuesday. The firm has a 50 day simple moving average of $118.59 and a two-hundred day simple moving average of $140.40. The stock has a market cap of $7.00 billion, a PE ratio of 12.58, a P/E/G ratio of 1.49 and a beta of 1.01. NiCE has a one year low of $99.00 and a one year high of $180.61.

Hedge Funds Weigh In On NiCE

Large investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. boosted 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 purchasing an additional 99 shares during the period. Tower Research Capital LLC TRC bought a new stake in NiCE during the 2nd quarter valued at $40,000. Atlantic Union Bankshares Corp bought a new stake in NiCE during the 2nd quarter valued at $60,000. Legal & General Group Plc purchased a new stake in NiCE during the 2nd quarter valued at $65,000. Finally, Hantz Financial Services Inc. grew its holdings in NiCE by 1,388.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock worth $68,000 after acquiring an additional 375 shares during the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.