NICE (NASDAQ:NICE) Price Target Lowered to $225.00 at DA Davidson

NICE (NASDAQ:NICE) had its price objective cut by investment analysts at DA Davidson from $300.00 to $225.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective points to a potential upside of 27.76% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Wedbush reissued an “outperform” rating and set a $250.00 target price on shares of NICE in a research report on Friday, August 16th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of NICE in a report on Tuesday, August 13th. Northland Securities cut their price target on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Citigroup increased their price target on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, NICE presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.64.

NICE Stock Performance

Shares of NASDAQ NICE traded down $6.08 during midday trading on Friday, hitting $176.11. 507,274 shares of the company’s stock traded hands, compared to its average volume of 522,151. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a fifty day moving average of $172.66 and a 200 day moving average of $178.70. NICE has a 1 year low of $151.52 and a 1 year high of $270.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The firm had revenue of $664.40 million during the quarter, compared to analyst estimates of $664.10 million. NICE had a return on equity of 14.68% and a net margin of 15.55%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. On average, analysts forecast that NICE will post 8.5 earnings per share for the current year.

Institutional Trading of NICE

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its position in NICE by 4.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,408 shares of the technology company’s stock valued at $367,000 after buying an additional 65 shares during the last quarter. Aurora Investment Counsel lifted its holdings in NICE by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 10,906 shares of the technology company’s stock valued at $1,876,000 after purchasing an additional 80 shares during the last quarter. Financial Perspectives Inc boosted its holdings in shares of NICE by 17.8% during the 2nd quarter. Financial Perspectives Inc now owns 569 shares of the technology company’s stock worth $98,000 after buying an additional 86 shares during the period. Mendota Financial Group LLC grew its position in shares of NICE by 11.4% in the third quarter. Mendota Financial Group LLC now owns 841 shares of the technology company’s stock valued at $146,000 after purchasing an additional 86 shares during the last quarter. Finally, Legacy Advisors LLC boosted its stake in shares of NICE by 1.3% in the second quarter. Legacy Advisors LLC now owns 6,678 shares of the technology company’s stock valued at $1,148,000 after buying an additional 88 shares during the period. 63.34% of the stock is 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 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.