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Nice (NASDAQ:NICE) Reaches New 1-Year Low - Time to Sell?

Nice logo with Computer and Technology background

Key Points

  • Nice (NASDAQ:NICE) reached a new 52-week low of $127.00, indicating potential volatility and concerns among investors.
  • Analysts have mixed ratings for Nice, with price targets ranging from $150.00 to $300.00, reflecting varying bullishness and cautious outlooks.
  • The company reported a quarterly EPS of $3.01, exceeding expectations, while showing a revenue growth of 9.4% year-over-year.
  • Five stocks we like better than Nice.

Nice (NASDAQ:NICE - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $127.00 and last traded at $127.31, with a volume of 482286 shares. The stock had previously closed at $128.52.

Analyst Ratings Changes

A number of research analysts have issued reports on NICE shares. DA Davidson decreased their price target on shares of Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Cantor Fitzgerald restated a "neutral" rating and set a $161.00 price target on shares of Nice in a research report on Wednesday, June 18th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 target price on shares of Nice in a research report on Friday, August 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Nice in a research report on Wednesday, June 18th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $300.00 target price on shares of Nice in a research report on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Nice presently has a consensus rating of "Moderate Buy" and an average price target of $201.25.

Check Out Our Latest Stock Report on Nice

Nice Price Performance

The business's 50 day simple moving average is $141.29 and its 200 day simple moving average is $153.88. The company has a market capitalization of $8.12 billion, a PE ratio of 15.33, a P/E/G ratio of 1.14 and a beta of 0.96.

Nice (NASDAQ:NICE - Get Free Report) last issued its earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. The company had revenue of $726.71 million for the quarter, compared to the consensus estimate of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. Nice's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.64 earnings per share. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. As a group, analysts anticipate that Nice will post 9.85 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Nice by 3.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,831,690 shares of the technology company's stock valued at $309,389,000 after purchasing an additional 65,420 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Nice by 116.1% in the second quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company's stock valued at $207,238,000 after purchasing an additional 659,170 shares in the last quarter. Vulcan Value Partners LLC grew its holdings in shares of Nice by 9.6% in the first quarter. Vulcan Value Partners LLC now owns 1,046,090 shares of the technology company's stock valued at $161,340,000 after purchasing an additional 91,929 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Nice by 218.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 908,014 shares of the technology company's stock valued at $139,989,000 after purchasing an additional 623,014 shares in the last quarter. Finally, RGM Capital LLC grew its holdings in shares of Nice by 8.6% in the first quarter. RGM Capital LLC now owns 826,660 shares of the technology company's stock valued at $127,446,000 after purchasing an additional 65,538 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company's stock.

About Nice

(Get Free Report)

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.

Further Reading

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