NIQ Global Intelligence (NYSE:NIQ) Price Target Raised to $17.00

NIQ Global Intelligence (NYSE:NIQ) had its price objective hoisted by Stifel Nicolaus from $16.00 to $17.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. Robert W. Baird lowered their price objective on shares of NIQ Global Intelligence from $20.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. UBS Group raised their price target on shares of NIQ Global Intelligence from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on shares of NIQ Global Intelligence from $13.00 to $16.50 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets dropped their price objective on NIQ Global Intelligence from $16.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Finally, Needham & Company LLC began coverage on NIQ Global Intelligence in a report on Tuesday. They set a “buy” rating and a $18.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.23.

NIQ Global Intelligence Trading Up 0.6%

NYSE:NIQ opened at $16.92 on Tuesday. NIQ Global Intelligence has a 52 week low of $7.93 and a 52 week high of $18.70. The firm has a 50-day moving average price of $10.41 and a two-hundred day moving average price of $10.98. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $4.99 billion and a price-to-earnings ratio of -13.87.

NIQ Global Intelligence (NYSE:NIQ) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. NIQ Global Intelligence had a positive return on equity of 14.67% and a negative net margin of 8.01%.The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts expect that NIQ Global Intelligence will post 0.89 earnings per share for the current fiscal year.

Insider Activity at NIQ Global Intelligence

In related news, insider James M. Peck purchased 118,625 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $8.43 per share, with a total value of $1,000,008.75. Following the completion of the acquisition, the insider directly owned 424,683 shares of the company’s stock, valued at approximately $3,580,077.69. The trade was a 38.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tactive Advisors LLC grew its holdings in NIQ Global Intelligence by 226.8% during the 2nd quarter. Tactive Advisors LLC now owns 114,588 shares of the company’s stock valued at $1,071,000 after buying an additional 79,529 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of NIQ Global Intelligence by 67.0% in the first quarter. Bank of America Corp DE now owns 715,912 shares of the company’s stock worth $8,140,000 after buying an additional 287,129 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of NIQ Global Intelligence in the first quarter valued at approximately $280,000. Quantinno Capital Management LP boosted its position in shares of NIQ Global Intelligence by 271.3% in the first quarter. Quantinno Capital Management LP now owns 585,757 shares of the company’s stock valued at $6,660,000 after acquiring an additional 428,019 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of NIQ Global Intelligence by 52.2% in the first quarter. Lazard Asset Management LLC now owns 531,216 shares of the company’s stock valued at $6,040,000 after acquiring an additional 182,300 shares during the period.

NIQ Global Intelligence Company Profile

Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in municipal securities that are exempt from federal income taxes, and seeks to maintain a portfolio with an intermediate effective duration of between 3 and 10 years, including the effects of leverage.