NICE Ltd. (NASDAQ:NICE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of NICE Ltd. (NASDAQ:NICE) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $259.50.

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Northland Securities reduced their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. DA Davidson lowered their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Citigroup upped their price objective on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

NICE Stock Down 0.4 %

Shares of NASDAQ NICE opened at $169.84 on Wednesday. The business has a 50-day moving average price of $180.23 and a 200 day moving average price of $174.31. The stock has a market cap of $10.68 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. NICE has a 52-week low of $151.52 and a 52-week high of $270.73.

Institutional Trading of NICE

A number of institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its position in shares of NICE by 11.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,900 shares of the technology company’s stock valued at $327,000 after acquiring an additional 192 shares during the period. Synovus Financial Corp raised its holdings in NICE by 10.1% during the third quarter. Synovus Financial Corp now owns 2,853 shares of the technology company’s stock worth $495,000 after purchasing an additional 262 shares during the last quarter. Destination Wealth Management purchased a new stake in NICE during the third quarter worth $309,000. Wilmington Savings Fund Society FSB purchased a new stake in NICE during the third quarter worth $41,000. Finally, World Investment Advisors LLC acquired a new stake in NICE in the third quarter valued at $24,547,000. Hedge funds and other 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 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.