NIQ Global Intelligence (NYSE:NIQ) Reaches New 12-Month Low – Here’s What Happened

NIQ Global Intelligence plc (NYSE:NIQ) reached a new 52-week low during trading on Monday . The company traded as low as $10.05 and last traded at $10.09, with a volume of 605436 shares trading hands. The stock had previously closed at $10.72.

Analyst Ratings Changes

NIQ has been the topic of a number of analyst reports. Citigroup reduced their price target on NIQ Global Intelligence from $17.50 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Wall Street Zen lowered NIQ Global Intelligence from a “buy” rating to a “hold” rating in a research report on Monday, April 13th. Robert W. Baird set a $20.00 target price on NIQ Global Intelligence in a research report on Tuesday, February 3rd. Wells Fargo & Company cut their target price on NIQ Global Intelligence from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of NIQ Global Intelligence in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NIQ Global Intelligence has a consensus rating of “Moderate Buy” and an average price target of $21.54.

NIQ Global Intelligence Trading Down 2.4%

The stock has a market capitalization of $2.97 billion and a PE ratio of 55.86. The firm has a 50 day moving average price of $11.32 and a 200 day moving average price of $13.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.86.

Institutional Trading of NIQ Global Intelligence

Several institutional investors and hedge funds have recently modified their holdings of NIQ. Blue Trust Inc. grew its holdings in shares of NIQ Global Intelligence by 3.4% in the first quarter. Blue Trust Inc. now owns 28,734 shares of the company’s stock valued at $327,000 after acquiring an additional 948 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of NIQ Global Intelligence in the third quarter valued at approximately $26,000. Price T Rowe Associates Inc. MD grew its holdings in shares of NIQ Global Intelligence by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,884 shares of the company’s stock valued at $361,000 after acquiring an additional 1,815 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of NIQ Global Intelligence by 0.5% in the fourth quarter. Teacher Retirement System of Texas now owns 401,952 shares of the company’s stock valued at $6,628,000 after acquiring an additional 1,952 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of NIQ Global Intelligence in the fourth quarter valued at approximately $38,000.

About NIQ Global Intelligence

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.