NICE (NASDAQ:NICE) Upgraded to “Hold” at Cantor Fitzgerald

NICE (NASDAQ:NICE) was upgraded by investment analysts at Cantor Fitzgerald to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a $176.00 target price on the technology company’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 8.37% from the company’s current price.

Several other equities analysts have also commented on NICE. DA Davidson dropped their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th. StockNews.com cut NICE from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th. Piper Sandler reiterated a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Finally, Oppenheimer lowered shares of NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NICE has an average rating of “Moderate Buy” and an average target price of $253.93.

NICE Price Performance

NASDAQ NICE opened at $162.40 on Thursday. The company has a market cap of $10.21 billion, a P/E ratio of 25.14, a P/E/G 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 50-day moving average of $177.51 and a 200-day moving average of $174.26.

Hedge Funds Weigh In On NICE

A number of institutional investors have recently made changes to their positions in NICE. Creative Financial Designs Inc. ADV increased its stake in shares of NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of NICE in the 3rd quarter worth about $38,000. Wilmington Savings Fund Society FSB bought a new position in shares of NICE during the third quarter worth about $41,000. GAMMA Investing LLC lifted its position in shares of NICE by 89.9% during the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after purchasing an additional 116 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in NICE by 48.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares in the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

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.