NiCE (NASDAQ:NICE) Downgraded to “Neutral” Rating by Wedbush

NiCE (NASDAQ:NICE) was downgraded by research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday. They presently have a $120.00 target price on the technology company’s stock. Wedbush’s price objective would indicate a potential upside of 12.99% from the company’s previous close.

Several other research analysts have also commented on NICE. Rosenblatt Securities dropped their price target on NiCE from $190.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Barclays dropped their price objective on shares of NiCE from $200.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Mizuho reduced their price target on NiCE from $185.00 to $150.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Wall Street Zen upgraded NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, DA Davidson lowered their target price on shares of NiCE from $150.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.38.

NiCE Trading Down 1.4%

Shares of NICE stock opened at $106.20 on Monday. The stock’s 50-day moving average price is $125.25 and its 200-day moving average price is $144.92. NiCE has a 12-month low of $99.00 and a 12-month high of $193.52. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01.

NiCE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, November 13th. The technology company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.01. The business had revenue of $732.00 million for the quarter, compared to the consensus estimate of $728.07 million. NiCE had a return on equity of 17.71% and a net margin of 19.48%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. As a group, research analysts predict that NiCE will post 9.85 EPS for the current fiscal year.

Hedge Funds Weigh In On NiCE

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Richardson Financial Services Inc. raised its stake in NiCE by 99.0% in 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 in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of NiCE in the 2nd quarter valued at $40,000. Atlantic Union Bankshares Corp bought a new position in shares of NiCE in the 2nd quarter worth $60,000. Legal & General Group Plc bought a new position in shares of NiCE in the 2nd quarter worth $65,000. Finally, Hantz Financial Services Inc. raised its holdings in NiCE by 1,388.9% in the second quarter. Hantz Financial Services Inc. now owns 402 shares of the technology company’s stock worth $68,000 after purchasing an additional 375 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors.

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.