NICE (NASDAQ:NICE) Now Covered by Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald started coverage on shares of NICE (NASDAQ:NICE - Get Free Report) in a note issued to investors on Friday, Marketbeat.com reports. The firm set a "neutral" rating and a $176.00 price target on the technology company's stock. Cantor Fitzgerald's price target would suggest a potential upside of 8.29% from the stock's previous close.

A number of other brokerages have also recently commented on NICE. StockNews.com cut NICE from a "strong-buy" rating to a "buy" rating in a research report on Monday. Jefferies Financial Group restated a "hold" rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Royal Bank of Canada reissued an "outperform" rating and set a $260.00 target price on shares of NICE in a report on Friday, November 15th. Oppenheimer downgraded NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Finally, Northland Securities dropped their target price on NICE from $275.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $253.93.

NICE Stock Down 1.0 %

Shares of NICE stock traded down $1.67 during midday trading on Friday, hitting $162.53. The company had a trading volume of 255,504 shares, compared to its average volume of 362,842. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.13 and a beta of 1.06. NICE has a 12-month low of $151.52 and a 12-month high of $270.73. The company has a fifty day simple moving average of $178.06 and a 200 day simple moving average of $174.30.

Hedge Funds Weigh In On NICE

Several hedge funds and other institutional investors have recently made changes to their positions in NICE. Rhumbline Advisers raised its stake in NICE by 8.7% in the 2nd quarter. Rhumbline Advisers now owns 3,358 shares of the technology company's stock valued at $577,000 after purchasing an additional 269 shares during the last quarter. Choreo LLC purchased a new stake in shares of NICE during the second quarter worth $211,000. American Century Companies Inc. raised its position in shares of NICE by 6.8% in the second quarter. American Century Companies Inc. now owns 4,569 shares of the technology company's stock valued at $786,000 after buying an additional 289 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of NICE by 12.8% in the second quarter. Federated Hermes Inc. now owns 18,663 shares of the technology company's stock worth $3,209,000 after buying an additional 2,124 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in NICE in the 2nd quarter worth approximately $18,529,000. Hedge funds and other institutional investors own 63.34% of the company's stock.

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.