NIQ Global Intelligence (NYSE:NIQ) Sets New 1-Year Low – Here’s Why

NIQ Global Intelligence plc (NYSE:NIQ)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.05 and last traded at $10.09, with a volume of 605436 shares changing hands. The stock had previously closed at $10.72.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price target on shares of NIQ Global Intelligence in a report on Wednesday, April 1st. Wall Street Zen downgraded NIQ Global Intelligence from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Citigroup cut their price target on NIQ Global Intelligence from $17.50 to $16.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Robert W. Baird set a $20.00 price target on NIQ Global Intelligence in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company cut their price target on NIQ Global Intelligence from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.54.

NIQ Global Intelligence Stock Down 6.3%

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.86. The stock has a market cap of $2.96 billion and a P/E ratio of 55.81. The firm has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $13.54.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in NIQ Global Intelligence by 3.4% during the 1st quarter. Blue Trust Inc. now owns 28,734 shares of the company’s stock worth $327,000 after buying an additional 948 shares during the period. Clearstead Advisors LLC bought a new position in NIQ Global Intelligence during the 3rd quarter worth $26,000. Price T Rowe Associates Inc. MD increased its position in NIQ Global Intelligence by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,884 shares of the company’s stock worth $361,000 after buying an additional 1,815 shares during the period. Teacher Retirement System of Texas increased its position in NIQ Global Intelligence by 0.5% during the 4th quarter. Teacher Retirement System of Texas now owns 401,952 shares of the company’s stock worth $6,628,000 after buying an additional 1,952 shares during the period. Finally, Deutsche Bank AG bought a new position in NIQ Global Intelligence during the 4th quarter worth $38,000.

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.