NICE Ltd. (NASDAQ:NICE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of NICE Ltd. (NASDAQ:NICE) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $260.57.

A number of research analysts have commented on the stock. Citigroup raised their target price on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Oppenheimer downgraded shares of NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Wedbush reissued an “outperform” rating and set a $250.00 target price on shares of NICE in a research report on Friday, August 16th. Finally, DA Davidson cut their target price 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.

Institutional Trading of NICE

Several large investors have recently bought and sold shares of NICE. Creative Financial Designs Inc. ADV grew its position in NICE by 208.3% during the 3rd 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after acquiring an additional 107 shares during the period. ORG Wealth Partners LLC acquired a new stake in NICE during the 3rd quarter valued at approximately $38,000. Wilmington Savings Fund Society FSB acquired a new stake in NICE during the 3rd quarter valued at approximately $41,000. Finally, GAMMA Investing LLC lifted its stake in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Price Performance

Shares of NICE opened at $182.44 on Friday. NICE has a 1-year low of $151.52 and a 1-year high of $270.73. The company has a 50-day moving average of $175.41 and a 200 day moving average of $175.48. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.41 and a beta of 1.04.

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.