NICE (NASDAQ:NICE) Given New $161.00 Price Target at Cantor Fitzgerald

NICE (NASDAQ:NICE) had its price target dropped by equities researchers at Cantor Fitzgerald from $176.00 to $161.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 3.14% from the stock’s previous close.

A number of other analysts also recently commented on the stock. DA Davidson dropped their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Barclays dropped their target price on shares of NICE from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup dropped their target price on shares of NICE from $315.00 to $279.00 and set a “buy” rating on the stock in a report on Tuesday. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, NICE presently has a consensus rating of “Moderate Buy” and an average target price of $243.60.

NICE Stock Performance

Shares of NICE stock traded up $2.51 during midday trading on Friday, reaching $156.10. 625,010 shares of the company were exchanged, compared to its average volume of 572,922. NICE has a 12 month low of $147.38 and a 12 month high of $270.73. The company has a market cap of $9.81 billion, a P/E ratio of 24.16, a PEG ratio of 1.25 and a beta of 1.06. The company’s 50 day moving average price is $170.71 and its two-hundred day moving average price is $173.01.

NICE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). NICE had a return on equity of 15.31% and a net margin of 16.11%. The company had revenue of $721.60 million for the quarter, compared to the consensus estimate of $718.47 million. As a group, sell-side analysts predict that NICE will post 8.82 earnings per share for the current year.

Hedge Funds Weigh In On NICE

Large investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV raised its stake in NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Avion Wealth acquired a new position in NICE during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new position in shares of NICE in the 4th quarter valued at $25,000. Anchor Investment Management LLC raised its stake in shares of NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Finally, McIlrath & Eck LLC raised its stake in shares of NICE by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after buying an additional 58 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.