NICE (NASDAQ:NICE) Trading Down 4.5% – Should You Sell?

NICE Ltd. (NASDAQ:NICE)’s share price fell 4.5% during mid-day trading on Thursday . The stock traded as low as $173.13 and last traded at $173.56. 180,414 shares changed hands during trading, a decline of 65% from the average session volume of 512,702 shares. The stock had previously closed at $181.75.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NICE shares. Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday, November 14th. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. DA Davidson decreased their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Citigroup boosted their price objective 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. Finally, Oppenheimer lowered NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NICE currently has an average rating of “Moderate Buy” and an average target price of $259.50.

NICE Stock Down 3.0 %

The stock’s fifty day moving average price is $180.50 and its 200-day moving average price is $174.09. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.46 and a beta of 1.05.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its holdings 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 purchasing an additional 100 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of NICE by 135.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock worth $32,000 after acquiring an additional 107 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of NICE during the 3rd quarter worth approximately $38,000. Wilmington Savings Fund Society FSB bought a new stake in NICE in the 3rd quarter valued at $41,000. Finally, GAMMA Investing LLC lifted its holdings in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after purchasing an additional 116 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.