NiCE (NASDAQ:NICE) Price Target Cut to $158.00 by Analysts at Citizens Jmp

NiCE (NASDAQ:NICE) had its target price cut by Citizens Jmp from $170.00 to $158.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the technology company’s stock. Citizens Jmp‘s price objective would indicate a potential upside of 60.36% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Yorkville Ives initiated coverage on shares of NiCE in a research note on Monday, October 5th. They set an “in-line” rating and a $125.00 price objective for the company. Citigroup reiterated a “market outperform” rating on shares of NiCE in a report on Thursday. Oppenheimer raised NiCE from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Wednesday, September 30th. Royal Bank Of Canada raised their price target on NiCE from $130.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. Finally, DA Davidson boosted their price target on NiCE from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.86.

NiCE Stock Down 1.1%

NASDAQ:NICE opened at $98.53 on Thursday. NiCE has a twelve month low of $83.10 and a twelve month high of $136.52. The business has a 50 day moving average price of $111.00 and a two-hundred day moving average price of $104.96. The company has a market cap of $5.76 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.77.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.06. The company had revenue of $790.70 million for the quarter, compared to the consensus estimate of $785.75 million. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $3.18 earnings per share. As a group, analysts anticipate that NiCE will post 8.60 earnings per share for the current fiscal year.

Insider Transactions at NiCE

In related news, VP Udi Dayan sold 500 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $100.00, for a total value of $50,000.00. Following the completion of the sale, the vice president directly owned 500 shares in the company, valued at approximately $50,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On NiCE

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in NiCE during the first quarter worth approximately $40,000. Western Wealth Management LLC bought a new stake in shares of NiCE during the first quarter worth approximately $44,000. Allworth Financial LP boosted its holdings in shares of NiCE by 24.6% during the second quarter. Allworth Financial LP now owns 871 shares of the technology company’s stock worth $79,000 after acquiring an additional 172 shares during the period. Farther Finance Advisors LLC grew its position in shares of NiCE by 36.3% in the third quarter. Farther Finance Advisors LLC now owns 928 shares of the technology company’s stock valued at $103,000 after purchasing an additional 247 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of NiCE by 105.3% in the third quarter. GAMMA Investing LLC now owns 1,008 shares of the technology company’s stock valued at $112,000 after purchasing an additional 517 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

More NiCE News

Here are the key news stories impacting NiCE this week:

• Positive Sentiment: Q3 revenue rose 8% to $790.7 million, above expectations, while EPS of $2.84 topped the $2.78 consensus. Cloud revenue grew 10.6% to $622.7 million, supporting the case for continued demand in NiCE’s cloud business. NiCE Q3 results
• Positive Sentiment: NiCE is seeking to broaden its AI-powered customer-service offering across EMEA beyond enterprise pilot programs, a potential avenue for future growth. EMEA AI customer service push
• Neutral Sentiment: The company said the Actimize sale process remains ongoing but gave no update on reports of a potential $2 billion Brookfield deal, leaving the timing and terms uncertain. Actimize sale process update
• Negative Sentiment: Despite the quarterly beat, earnings were lower than a year earlier: EPS was $2.84 versus $3.18 in the prior-year quarter, and coverage highlighted a decline in non-GAAP earnings. This could make investors question how much of the revenue growth is translating into profit. Q3 non-GAAP earnings report
• Negative Sentiment: NiCE plans to eliminate roughly 500 positions, about 5% of its workforce, citing productivity gains from AI, including in R&D. The move may reduce costs, but the cuts and potential execution risks are a near-term concern. CEO discusses AI-linked job cuts

About NiCE

NICE Ltd. (NASDAQ: NICE) is a technology company that provides cloud-based software and artificial intelligence solutions for customer experience, employee engagement, and business operations. Its platforms help organizations manage customer interactions across voice, digital, and other communication channels while using analytics and automation to improve service and operational performance.

The company’s portfolio includes NICE CXone, a cloud customer experience platform that supports contact-center operations, workforce management, analytics, and digital engagement.