NiCE (NASDAQ:NICE) Shares Gap Down Following Analyst Downgrade

NiCE (NASDAQ:NICE)’s stock price gapped down before the market opened on Tuesday after Cantor Fitzgerald lowered their price target on the stock from $154.00 to $133.00. The stock had previously closed at $120.86, but opened at $111.80. Cantor Fitzgerald currently has a neutral rating on the stock. NiCE shares last traded at $108.9130, with a volume of 579,200 shares changing hands.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group reiterated a “hold” rating and set a $152.00 price target on shares of NiCE in a report on Sunday, October 12th. Rosenblatt Securities decreased their price objective on NiCE from $190.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of NiCE in a report on Thursday. JMP Securities set a $200.00 price target on shares of NiCE in a research report on Friday. Finally, Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, NiCE has a consensus rating of “Moderate Buy” and an average target price of $185.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cerity Partners LLC raised its holdings in shares of NiCE by 56.0% during the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock valued at $1,540,000 after purchasing an additional 3,584 shares in the last quarter. IFP Advisors Inc boosted its holdings in NiCE by 76.2% in the first quarter. IFP Advisors Inc now owns 652 shares of the technology company’s stock worth $101,000 after purchasing an additional 282 shares in the last quarter. Wedbush Securities Inc. increased its position in NiCE by 18.0% during the first quarter. Wedbush Securities Inc. now owns 1,801 shares of the technology company’s stock worth $278,000 after buying an additional 275 shares during the last quarter. Guardian Wealth Management Inc. bought a new position in NiCE during the first quarter valued at about $1,201,000. Finally, Hamilton Point Investment Advisors LLC raised its holdings in NiCE by 96.9% during the first quarter. Hamilton Point Investment Advisors LLC now owns 59,385 shares of the technology company’s stock valued at $9,155,000 after buying an additional 29,221 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NiCE Stock Down 9.4%

The company has a market cap of $6.92 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.16 and a beta of 0.98. The business has a 50-day simple moving average of $136.93 and a two-hundred day simple moving average of $150.62.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, November 13th. The technology company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.01. NiCE had a return on equity of 17.43% and a net margin of 18.92%.The business had revenue of $732.00 million for the quarter, compared to analyst estimates of $728.07 million. During the same quarter in the prior year, the firm posted $2.88 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. As a group, equities analysts anticipate that NiCE will post 9.85 earnings per share for the current 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.