Rosenblatt Securities Cuts NICE (NASDAQ:NICE) Price Target to $200.00

NICE (NASDAQ:NICE) had its target price reduced by analysts at Rosenblatt Securities from $225.00 to $200.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price objective points to a potential upside of 30.22% from the company’s current price.

Several other research firms have also issued reports on NICE. Northland Securities dropped 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, November 15th. Cantor Fitzgerald began coverage on NICE in a research report on Friday, January 17th. They set a “neutral” rating and a $176.00 price target on the stock. Citigroup dropped their price target on NICE from $315.00 to $279.00 and set a “buy” rating on the stock in a research report on Tuesday. Jefferies Financial Group reissued a “hold” rating and set a $200.00 price target (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Finally, Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.60.

NICE Stock Down 14.0 %

Shares of NICE opened at $153.59 on Friday. The business’s 50 day moving average is $170.71 and its two-hundred day moving average is $173.01. NICE has a 52-week low of $147.38 and a 52-week high of $270.73. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.25 and a beta of 1.06.

NICE (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, February 27th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a net margin of 16.11% and a return on equity of 15.31%. On average, equities analysts expect that NICE will post 8.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Financial Designs Inc. ADV grew its stake in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Avion Wealth acquired a new stake in shares of NICE in the fourth quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE in the fourth quarter valued at $25,000. Anchor Investment Management LLC lifted its holdings in shares of NICE by 200.0% in the fourth 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 during the period. Finally, McIlrath & Eck LLC lifted its holdings in shares of NICE by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after buying an additional 58 shares during the period. Institutional investors own 63.34% of the company’s stock.

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 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.