NICE (NASDAQ:NICE) Sets New 12-Month Low - What's Next?

NICE Ltd. (NASDAQ:NICE - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $137.19 and last traded at $140.62, with a volume of 1383627 shares. The stock had previously closed at $139.18.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NICE. DA Davidson dropped their price objective on NICE from $300.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Barclays lowered their price target on NICE from $286.00 to $226.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Jefferies Financial Group restated a "hold" rating and set a $200.00 price target (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Rosenblatt Securities lowered their price objective on NICE from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Northland Securities lowered their price objective on NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.64.

NICE Trading Down 1.7 %

The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 1.07 and a beta of 1.06. The firm has a fifty day moving average price of $165.40 and a 200 day moving average price of $172.04.

NICE (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The firm had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. As a group, equities analysts predict that NICE Ltd. will post 9.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its stake in shares of NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock valued at $26,000 after purchasing an additional 100 shares during the period. Park Square Financial Group LLC acquired a new position in shares of NICE in the 4th quarter valued at $25,000. Avion Wealth acquired a new position in shares of NICE in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new position in shares of NICE in the 4th quarter valued at $25,000. Finally, Anchor Investment Management LLC lifted its stake in shares of NICE by 200.0% in the 4th 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 during the period. Institutional investors and hedge funds own 63.34% of the company's stock.

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.