NiCE (NASDAQ:NICE) Reaches New 52-Week Low After Analyst Downgrade

NiCE (NASDAQ:NICE) reached a new 52-week low during trading on Monday after Citizens Jmp lowered their price target on the stock from $300.00 to $200.00. Citizens Jmp currently has a market outperform rating on the stock. NiCE traded as low as $122.31 and last traded at $121.86, with a volume of 1505552 shares changing hands. The stock had previously closed at $133.38.

A number of other research analysts have also commented on the stock. Morgan Stanley set a $193.00 price target on NiCE in a report on Tuesday, October 21st. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 target price on shares of NiCE in a research report on Friday, August 15th. Jefferies Financial Group restated a “hold” rating and issued a $152.00 price target on shares of NiCE in a research note on Sunday, October 12th. DA Davidson dropped their price objective on shares of NiCE from $195.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Finally, Weiss Ratings upgraded shares of NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NICE. 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 worth $33,000 after buying an additional 99 shares during the last quarter. Cheviot Value Management LLC bought a new stake in NiCE during the 1st quarter worth $36,000. Tower Research Capital LLC TRC bought a new stake in NiCE during the 2nd quarter worth $40,000. Atlantic Union Bankshares Corp bought a new position in NiCE in the second quarter valued at about $60,000. Finally, Legal & General Group Plc bought a new position in NiCE in the second quarter valued at about $65,000. Institutional investors own 63.34% of the company’s stock.

NiCE Stock Down 7.5%

The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The stock has a 50 day moving average price of $137.37 and a 200 day moving average price of $150.87.

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

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.