NiCE (NASDAQ:NICE) Shares Gap Up - Time to Buy?

Key Points

• NiCE shares opened higher, rising from a prior close of $98.18 to $102.30 and recently trading near $104.09.
• Analyst sentiment is mixed: seven analysts rate the stock Buy, six Hold, and one Sell. The consensus rating is Hold, with an average price target of $129.50.
• NiCE exceeded quarterly expectations, reporting $2.70 in EPS versus $2.63 expected and $782.29 million in revenue versus $766.27 million forecast; revenue increased 7.7% year over year.

NiCE (NASDAQ:NICE - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $98.18, but opened at $102.30. NiCE shares last traded at $104.0850, with a volume of 111,334 shares changing hands.

Wall Street Analyst Weigh In

NICE has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $130.00 price objective on shares of NiCE in a research note on Wednesday, June 10th. Citigroup restated a "neutral" rating on shares of NiCE in a research note on Thursday, August 6th. Wedbush cut their price target on shares of NiCE from $120.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, June 10th. DA Davidson upped 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. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $104.00 price objective on shares of NiCE in a research report on Wednesday, June 10th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NiCE has a consensus rating of "Hold" and an average price target of $129.50.

NiCE Stock Performance

The company has a market cap of $6.20 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.06 and a beta of 0.75. The company's fifty day moving average is $100.49 and its two-hundred day moving average is $101.62.

NiCE (NASDAQ:NICE - Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.07. The firm had revenue of $782.29 million for the quarter, compared to the consensus estimate of $766.27 million. NiCE had a return on equity of 15.46% and a net margin of 13.86%.The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.01 earnings per share. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. On average, sell-side analysts anticipate that NiCE will post 8.66 EPS for the current fiscal year.

Insider Activity at NiCE

In related news, VP Udi Dayan sold 500 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $100.00, for a total transaction of $50,000.00. Following the sale, the vice president owned 500 shares in the company, valued at approximately $50,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.02% of the stock is owned by insiders.

Institutional Trading of NiCE

A number of institutional investors and hedge funds have recently made changes to their positions in NICE. Steward Partners Investment Advisory LLC lifted its position in NiCE by 14.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 845 shares of the technology company's stock worth $96,000 after acquiring an additional 106 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of NiCE by 1.3% in the third quarter. Qube Research & Technologies Ltd now owns 11,276 shares of the technology company's stock valued at $1,633,000 after purchasing an additional 142 shares during the period. Saturna Capital Corp increased its holdings in shares of NiCE by 0.8% in the fourth quarter. Saturna Capital Corp now owns 18,892 shares of the technology company's stock valued at $2,136,000 after purchasing an additional 150 shares during the period. Allworth Financial LP raised its stake 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 purchasing an additional 172 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its stake in shares of NiCE by 7.8% during the first quarter. Frank Rimerman Advisors LLC now owns 2,603 shares of the technology company's stock worth $287,000 after purchasing an additional 189 shares during the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NiCE Company Profile

NICE Ltd. NASDAQ: NICE is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.

The company's portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.

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