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

Nuance Communications, Inc. (NASDAQ:NUAN) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $57.00.

Separately, Zacks Investment Research upgraded Nuance Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 7th.

NUAN traded up $0.12 on Friday, hitting $55.44. 2,067,676 shares of the company were exchanged, compared to its average volume of 4,938,616. Nuance Communications has a 12 month low of $39.90 and a 12 month high of $55.47. The company has a market cap of $17.71 billion, a PE ratio of -426.46 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.69 and a current ratio of 0.69. The stock’s fifty day moving average is $55.14 and its 200-day moving average is $54.69.

Nuance Communications (NASDAQ:NUAN) last released its earnings results on Thursday, November 18th. The software maker reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $333.07 million for the quarter, compared to the consensus estimate of $352.90 million. Nuance Communications had a positive return on equity of 9.04% and a negative net margin of 2.82%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, equities research analysts expect that Nuance Communications will post 0.39 EPS for the current fiscal year.

In related news, EVP Diana L. Nole sold 4,901 shares of the stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $55.13, for a total transaction of $270,192.13. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sanjay Vaswani sold 42,682 shares of the stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $55.26, for a total value of $2,358,607.32. The disclosure for this sale can be found here. Insiders sold 105,725 shares of company stock worth $5,834,743 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Consolidated Planning Corp acquired a new stake in shares of Nuance Communications in the 3rd quarter valued at $63,000. Mint Tower Capital Management B.V. boosted its holdings in shares of Nuance Communications by 4.2% in the 3rd quarter. Mint Tower Capital Management B.V. now owns 73,125 shares of the software maker’s stock valued at $4,025,000 after purchasing an additional 2,975 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Nuance Communications by 20.9% in the 3rd quarter. Captrust Financial Advisors now owns 4,676 shares of the software maker’s stock valued at $257,000 after purchasing an additional 808 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Nuance Communications by 478.6% in the 3rd quarter. Janus Henderson Group PLC now owns 449,454 shares of the software maker’s stock valued at $24,738,000 after purchasing an additional 371,776 shares in the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Nuance Communications in the 3rd quarter valued at $275,000. 86.08% of the stock is currently owned by institutional investors and hedge funds.

About Nuance Communications

Nuance Communications, Inc is the pioneer in conversational AI innovations that bring intelligence to everyday work and life. The firm delivers solutions that understand, analyze and respond to people, amplifying human intelligence to increase productivity and security. It operates through the following segments: Healthcare, Enterprise, and Other.

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Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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