Nuance Communications, Inc. (NASDAQ:NUAN) Receives $57.00 Average Target Price from Brokerages

Shares of Nuance Communications, Inc. (NASDAQ:NUAN) have been given an average recommendation of “Hold” by the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $57.00.

Separately, Zacks Investment Research cut Nuance Communications from a “hold” rating to a “sell” rating in a research report on Monday, November 29th.

In related news, EVP Diana L. Nole sold 4,901 shares of the business’s stock in a transaction on Friday, November 5th. The stock was sold at an average price of $55.13, for a total transaction of $270,192.13. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel David Tempesta sold 163,097 shares of the business’s stock in a transaction on Monday, November 29th. The shares were sold at an average price of $55.35, for a total value of $9,027,418.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,410,517 shares of company stock worth $77,654,801. Corporate insiders own 0.48% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in shares of Nuance Communications by 52.8% during the 3rd quarter. Signaturefd LLC now owns 744 shares of the software maker’s stock valued at $41,000 after purchasing an additional 257 shares during the period. Koshinski Asset Management Inc. purchased a new position in Nuance Communications during the third quarter worth about $50,000. Gradient Investments LLC purchased a new position in Nuance Communications during the third quarter worth about $55,000. Consolidated Planning Corp purchased a new position in Nuance Communications during the third quarter worth about $63,000. Finally, Exchange Traded Concepts LLC purchased a new position in Nuance Communications during the third quarter worth about $128,000. Institutional investors own 80.99% of the company’s stock.

NUAN stock traded up $0.06 during midday trading on Friday, hitting $55.41. The company’s stock had a trading volume of 125,049 shares, compared to its average volume of 4,950,653. The stock’s 50-day moving average price is $55.18 and its 200 day moving average price is $55.06. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.30. Nuance Communications has a 1 year low of $39.90 and a 1 year high of $55.55.

Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings data on Thursday, November 18th. The software maker reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.09). Nuance Communications had a positive return on equity of 6.37% and a negative net margin of 1.96%. The business had revenue of $333.07 million during the quarter, compared to analysts’ expectations of $352.90 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Nuance Communications will post 0.3 EPS for the current year.

About Nuance Communications

Nuance Communications, Inc engages in the provision of conversational artificial intelligence (AI) and ambient clinical intelligence services. It offers a wide range of products and services, including clinical documentation, solutions for clinicians, radiologists and care teams, as well as intelligent customer engagement, and security and biometric solutions for brands.

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Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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