NiCE (NASDAQ:NICE) Given New $130.00 Price Target at DA Davidson

NiCE (NASDAQ:NICE - Get Free Report) had its target price decreased by research analysts at DA Davidson from $150.00 to $130.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. DA Davidson's target price suggests a potential upside of 22.74% from the stock's current price.

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Other research analysts also recently issued reports about the company. Citizens Jmp lowered their target price on NiCE from $300.00 to $200.00 and set a "market outperform" rating on the stock in a research note on Friday. Cantor Fitzgerald reduced their price target on NiCE from $154.00 to $133.00 and set a "neutral" rating for the company in a report on Tuesday. Royal Bank Of Canada dropped their price objective on NiCE from $190.00 to $175.00 and set an "outperform" rating on the stock in a report on Tuesday. JMP Securities set a $200.00 price target on shares of NiCE in a report on Friday. Finally, Wall Street Zen upgraded shares of NiCE from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, NiCE currently has an average rating of "Moderate Buy" and an average price target of $175.23.

Check Out Our Latest Analysis on NiCE

NiCE Trading Down 12.4%

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Shares of NASDAQ NICE traded down $14.94 during mid-day trading on Tuesday, reaching $105.92. The company had a trading volume of 2,735,656 shares, compared to its average volume of 593,606. The firm has a 50 day simple moving average of $136.93 and a two-hundred day simple moving average of $150.62. NiCE has a 52-week low of $104.42 and a 52-week high of $193.52. The stock has a market cap of $6.70 billion, a P/E ratio of 12.65, a PEG ratio of 1.16 and a beta of 0.98.

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

Hedge Funds Weigh In On NiCE

Large investors have recently modified their holdings of the company. Richardson Financial Services Inc. boosted its position in NiCE by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company's stock worth $33,000 after purchasing an additional 99 shares during the period. Cheviot Value Management LLC acquired a new position in NiCE during the 1st quarter worth approximately $36,000. Tower Research Capital LLC TRC purchased a new position in NiCE in the 2nd quarter worth approximately $40,000. Atlantic Union Bankshares Corp acquired a new stake in NiCE in the second quarter valued at approximately $60,000. Finally, Legal & General Group Plc purchased a new stake in shares of NiCE during the second quarter valued at approximately $65,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

About NiCE

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.

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