NIQ Global Intelligence (NYSE:NIQ) Price Target Raised to $16.50

NIQ Global Intelligence (NYSE:NIQ) had its price objective boosted by Wells Fargo & Company from $13.00 to $16.50 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also recently commented on NIQ. Robert W. Baird lowered their price target on shares of NIQ Global Intelligence from $20.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIQ Global Intelligence in a research note on Monday, July 6th. Needham & Company LLC began coverage on shares of NIQ Global Intelligence in a report on Tuesday. They set a “buy” rating and a $18.00 target price for the company. UBS Group decreased their price objective on NIQ Global Intelligence from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, BMO Capital Markets dropped their price objective on NIQ Global Intelligence from $16.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.23.

NIQ Global Intelligence Trading Up 0.6%

NIQ stock opened at $16.92 on Tuesday. The business has a fifty day moving average price of $10.41 and a 200 day moving average price of $10.98. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.07 and a quick ratio of 1.07. NIQ Global Intelligence has a fifty-two week low of $7.93 and a fifty-two week high of $18.70. The stock has a market capitalization of $4.99 billion and a price-to-earnings ratio of -13.87.

NIQ Global Intelligence (NYSE:NIQ) last announced its earnings results on Thursday, May 14th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. NIQ Global Intelligence had a positive return on equity of 14.67% and a negative net margin of 8.01%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts expect that NIQ Global Intelligence will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider James M. Peck purchased 118,625 shares of NIQ Global Intelligence stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $8.43 per share, with a total value of $1,000,008.75. Following the completion of the transaction, the insider owned 424,683 shares of the company’s stock, valued at approximately $3,580,077.69. This trade represents a 38.76% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NIQ. SurgoCap Partners LP bought a new stake in shares of NIQ Global Intelligence in the 3rd quarter valued at about $91,971,000. Ameriprise Financial Inc. bought a new position in NIQ Global Intelligence in the 3rd quarter valued at about $78,791,000. Alliancebernstein L.P. acquired a new position in shares of NIQ Global Intelligence in the third quarter valued at approximately $49,891,000. Ensign Peak Advisors Inc bought a new position in shares of NIQ Global Intelligence during the fourth quarter worth approximately $46,840,000. Finally, Citadel Advisors LLC acquired a new stake in NIQ Global Intelligence during the 3rd quarter worth approximately $37,303,000.

NIQ Global Intelligence Company Profile

Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in municipal securities that are exempt from federal income taxes, and seeks to maintain a portfolio with an intermediate effective duration of between 3 and 10 years, including the effects of leverage.