Shares of Nuance Communications, Inc. (NASDAQ:NUAN) have received a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.86.
Several research analysts have recently issued reports on NUAN shares. Morgan Stanley raised Nuance Communications from an “equal weight” rating to an “overweight” rating and set a $18.00 price target for the company in a research note on Thursday, November 2nd. Zacks Investment Research raised Nuance Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 price target (down previously from $19.00) on shares of Nuance Communications in a research note on Wednesday. Raymond James Financial cut their price target on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating for the company in a research note on Wednesday, August 9th. Finally, Deutsche Bank cut their price target on Nuance Communications from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th.
In related news, EVP Kenneth M. Siegel sold 4,682 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $14.40, for a total value of $67,420.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel David Tempesta sold 6,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.58, for a total transaction of $101,270.00. Following the completion of the transaction, the insider now directly owns 258,188 shares of the company’s stock, valued at approximately $4,022,569.04. The disclosure for this sale can be found here. Insiders sold a total of 15,864 shares of company stock valued at $243,603 in the last three months. 1.67% of the stock is currently owned by corporate insiders.
Nuance Communications (NUAN) traded up $0.26 during trading hours on Thursday, hitting $15.80. The stock had a trading volume of 5,734,050 shares, compared to its average volume of 4,518,316. The firm has a market cap of $4,586.39, a P/E ratio of 19.75, a PEG ratio of 1.84 and a beta of 0.60. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. Nuance Communications has a fifty-two week low of $14.02 and a fifty-two week high of $19.93.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Tuesday, November 28th. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $474.70 million during the quarter, compared to the consensus estimate of $457.09 million. Nuance Communications had a positive return on equity of 12.15% and a negative net margin of 7.75%. The business’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. equities analysts forecast that Nuance Communications will post 0.81 EPS for the current year.
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About Nuance Communications
Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.
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