NIQ Global Intelligence (NYSE:NIQ) Research Coverage Started at Needham & Company LLC

Needham & Company LLC started coverage on shares of NIQ Global Intelligence (NYSE:NIQ) in a research report report published on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $18.00 price objective on the stock.

A number of other equities research analysts have also commented on the company. BMO Capital Markets decreased their price target on NIQ Global Intelligence from $16.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Royal Bank Of Canada cut their price objective on NIQ Global Intelligence from $20.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of NIQ Global Intelligence in a research note on Monday, July 6th. UBS Group decreased their target price on NIQ Global Intelligence from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Wall Street Zen upgraded NIQ Global Intelligence from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NIQ Global Intelligence has an average rating of “Moderate Buy” and an average target price of $18.23.

NIQ Global Intelligence Trading Up 0.6%

Shares of NIQ stock opened at $16.92 on Tuesday. The company has a market capitalization of $4.99 billion and a P/E ratio of -13.87. NIQ Global Intelligence has a 12-month low of $7.93 and a 12-month high of $18.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 3.01. The firm has a 50-day moving average price of $10.41 and a 200 day moving average price of $10.98.

NIQ Global Intelligence (NYSE:NIQ) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. NIQ Global Intelligence had a negative net margin of 8.01% and a positive return on equity of 14.67%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts forecast that NIQ Global Intelligence will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider James M. Peck acquired 118,625 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $8.43 per share, for a total transaction of $1,000,008.75. Following the transaction, the insider directly owned 424,683 shares of the company’s stock, valued at approximately $3,580,077.69. This trade represents a 38.76% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On NIQ Global Intelligence

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of NIQ Global Intelligence during the third quarter valued at $76,000. Magnetar Financial LLC bought a new position in NIQ Global Intelligence in the third quarter valued at about $520,000. BNP Paribas Financial Markets acquired a new stake in NIQ Global Intelligence in the third quarter worth about $44,000. UBS Group AG acquired a new stake in NIQ Global Intelligence in the third quarter worth about $33,019,000. Finally, Sei Investments Co. bought a new stake in NIQ Global Intelligence during the 3rd quarter worth about $3,061,000.

NIQ Global Intelligence Company Profile

Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in municipal securities that are exempt from federal income taxes, and seeks to maintain a portfolio with an intermediate effective duration of between 3 and 10 years, including the effects of leverage.