NICE (NASDAQ:NICE) Stock Price Up 5% – Should You Buy?

NICE Ltd. (NASDAQ:NICE) shares shot up 5% during trading on Thursday . The company traded as high as $192.49 and last traded at $192.35. 126,630 shares were traded during trading, a decline of 75% from the average session volume of 514,925 shares. The stock had previously closed at $183.22.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group dropped their target price on NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Citigroup boosted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Wedbush reiterated an “outperform” rating and set a $250.00 target price on shares of NICE in a research note on Friday, August 16th. Finally, JMP Securities restated a “market outperform” rating and issued a $300.00 price target on shares of NICE in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NICE currently has an average rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Stock Performance

The business has a fifty day moving average of $179.40 and a two-hundred day moving average of $174.23. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05.

Institutional Investors Weigh In On NICE

Several institutional investors have recently made changes to their positions in NICE. Creative Financial Designs Inc. ADV grew its stake in NICE by 208.3% during 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of NICE during the 3rd quarter valued at $38,000. Wilmington Savings Fund Society FSB acquired a new position in NICE in the 3rd quarter worth about $41,000. Finally, GAMMA Investing LLC raised its holdings in NICE by 89.9% in the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after buying an additional 116 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.

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.