DA Davidson Brokers Decrease Earnings Estimates for NICE

NICE Ltd. (NASDAQ:NICE - Free Report) - Analysts at DA Davidson reduced their Q1 2025 EPS estimates for shares of NICE in a research note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the technology company will earn $2.23 per share for the quarter, down from their previous forecast of $2.25. DA Davidson has a "Buy" rating and a $180.00 price target on the stock. The consensus estimate for NICE's current full-year earnings is $9.85 per share. DA Davidson also issued estimates for NICE's FY2025 earnings at $9.53 EPS and FY2026 earnings at $9.90 EPS.

Several other brokerages have also recently weighed in on NICE. Cantor Fitzgerald decreased their price target on NICE from $176.00 to $161.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of NICE in a research note on Wednesday, March 19th. Barclays dropped their target price on shares of NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. StockNews.com lowered NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th. Finally, Citigroup cut their target price on NICE from $279.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $225.71.

NICE Stock Down 0.6 %

NASDAQ NICE traded down $0.93 on Wednesday, hitting $149.75. The company's stock had a trading volume of 335,061 shares, compared to its average volume of 586,781. The firm has a market cap of $9.41 billion, a PE ratio of 22.15, a PEG ratio of 1.07 and a beta of 1.05. The company's 50-day moving average is $153.25 and its 200 day moving average is $167.41. NICE has a 1-year low of $137.19 and a 1-year high of $231.67.

NICE (NASDAQ:NICE - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NICE. Avion Wealth bought a new stake in NICE in the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC bought a new stake in NICE during the 4th quarter valued at $25,000. Anchor Investment Management LLC grew its position in shares of NICE by 200.0% in the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in NICE during the 4th quarter worth about $25,000. Finally, McIlrath & Eck LLC grew its holdings in NICE by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after buying an additional 58 shares in the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

About NICE

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.