BidaskClub upgraded shares of Nuance Communications (NASDAQ:NUAN) from a sell rating to a hold rating in a research report released on Monday.

Several other equities research analysts also recently commented on NUAN. Zacks Investment Research downgraded shares of Nuance Communications from a hold rating to a sell rating in a research note on Tuesday, November 27th. ValuEngine raised shares of Nuance Communications from a hold rating to a buy rating in a research note on Tuesday, October 16th. Finally, Wedbush began coverage on shares of Nuance Communications in a research note on Thursday, October 18th. They issued an outperform rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $19.88.

NASDAQ:NUAN traded up $0.21 during trading hours on Monday, hitting $14.89. The stock had a trading volume of 767,704 shares, compared to its average volume of 3,509,568. Nuance Communications has a one year low of $12.18 and a one year high of $18.75. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $4.01 billion, a PE ratio of 18.38, a PEG ratio of 1.43 and a beta of 0.96.

Nuance Communications (NASDAQ:NUAN) last issued its earnings results on Monday, November 19th. The software maker reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.06. Nuance Communications had a negative net margin of 7.80% and a positive return on equity of 12.66%. The firm had revenue of $536.21 million during the quarter, compared to the consensus estimate of $525.05 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that Nuance Communications will post 0.81 earnings per share for the current year.

In related news, insider Alvaro Monserrat sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $16.05, for a total value of $321,000.00. Following the completion of the transaction, the insider now owns 217,743 shares of the company’s stock, valued at $3,494,775.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel David Tempesta sold 7,500 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $13.03, for a total transaction of $97,725.00. Following the completion of the transaction, the insider now directly owns 513,462 shares of the company’s stock, valued at approximately $6,690,409.86. The disclosure for this sale can be found here. Insiders have sold 81,786 shares of company stock valued at $1,309,115 in the last three months. 0.68% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors bought a new position in Nuance Communications in the third quarter valued at $106,000. Sapphire Star Partners LP bought a new position in Nuance Communications in the third quarter valued at $156,000. Belpointe Asset Management LLC bought a new position in Nuance Communications in the third quarter valued at $162,000. Fifth Third Bancorp grew its position in Nuance Communications by 45.8% in the third quarter. Fifth Third Bancorp now owns 9,631 shares of the software maker’s stock valued at $167,000 after purchasing an additional 3,026 shares in the last quarter. Finally, Global X Management Co LLC bought a new position in Nuance Communications in the second quarter valued at $184,000. 88.41% of the stock is owned by institutional investors and hedge funds.

Nuance Communications Company Profile

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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