NIQ Global Intelligence (NYSE:NIQ) Trading Down 7% - Time to Sell?

Key Points

• Shares experienced a 7% intraday drop to $10.81 on Thursday with only 245,324 shares traded, an 82% decline from the average session volume, after closing at $11.62 the prior day.
• Analysts maintain a consensus of "Moderate Buy" with an average price target of $21.54 (breakdown: 1 Strong Buy, 10 Buy, 3 Hold, 1 Sell).
• Key fundamentals show a $3.14 billion market cap and a high P/E of 59.14, while the stock trades below its 50‑day ($11.82) and 200‑day ($14.12) moving averages and carries a debt/equity ratio of 2.86.

Shares of NIQ Global Intelligence plc (NYSE:NIQ - Get Free Report) fell 7% during mid-day trading on Thursday . The company traded as low as $10.80 and last traded at $10.81. 245,324 shares were traded during trading, a decline of 82% from the average session volume of 1,349,356 shares. The stock had previously closed at $11.62.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NIQ. Wells Fargo & Company reduced their target price on shares of NIQ Global Intelligence from $21.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, March 2nd. Wall Street Zen upgraded shares of NIQ Global Intelligence from a "hold" rating to a "buy" rating in a research report on Sunday, April 5th. Needham & Company LLC reiterated a "buy" rating and set a $21.00 target price on shares of NIQ Global Intelligence in a research report on Wednesday, April 1st. Weiss Ratings reiterated a "sell (d)" rating on shares of NIQ Global Intelligence in a research report on Monday, December 29th. Finally, Robert W. Baird set a $20.00 target price on shares of NIQ Global Intelligence in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NIQ Global Intelligence has a consensus rating of "Moderate Buy" and an average price target of $21.54.

NIQ Global Intelligence Price Performance

The company's fifty day moving average is $11.82 and its two-hundred day moving average is $14.12. The firm has a market capitalization of $3.14 billion and a price-to-earnings ratio of 59.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.86.

Institutional Investors Weigh In On NIQ Global Intelligence

Several large investors have recently bought and sold shares of the company. Invesco Ltd. increased its stake in NIQ Global Intelligence by 8.4% in the fourth quarter. Invesco Ltd. now owns 58,806 shares of the company's stock valued at $970,000 after purchasing an additional 4,536 shares in the last quarter. VARCOV Co. bought a new stake in shares of NIQ Global Intelligence during the fourth quarter worth $580,000. Symmetry Investments LP bought a new stake in shares of NIQ Global Intelligence during the fourth quarter worth $1,022,000. Readystate Asset Management LP increased its position in shares of NIQ Global Intelligence by 19.8% during the fourth quarter. Readystate Asset Management LP now owns 181,519 shares of the company's stock worth $2,993,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of NIQ Global Intelligence by 1,859.2% during the fourth quarter. Millennium Management LLC now owns 490,241 shares of the company's stock worth $8,084,000 after acquiring an additional 465,219 shares in the last quarter.

About NIQ Global Intelligence

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.

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