Nuance Communications (NASDAQ:NUAN) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday.

A number of other research firms also recently weighed in on NUAN. Craig Hallum decreased their price objective on Nuance Communications from $24.00 to $17.00 and set an “in-line” rating on the stock in a report on Thursday, May 10th. ValuEngine downgraded Nuance Communications from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded Nuance Communications from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $15.00 price objective (down from $18.00) on shares of Nuance Communications in a report on Thursday, May 10th. Finally, Morgan Stanley set a $20.00 price objective on Nuance Communications and gave the company a “buy” rating in a report on Thursday, March 22nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.00.

NUAN stock opened at $13.14 on Wednesday. Nuance Communications has a twelve month low of $12.61 and a twelve month high of $12.78. The stock has a market cap of $3.77 billion, a P/E ratio of 21.90, a PEG ratio of 1.52 and a beta of 0.66. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.54 and a current ratio of 1.54.

Nuance Communications (NASDAQ:NUAN) last released its earnings results on Wednesday, May 9th. The software maker reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Nuance Communications had a positive return on equity of 9.42% and a negative net margin of 10.32%. The firm had revenue of $518.31 million for the quarter, compared to analyst estimates of $516.43 million. During the same period last year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts predict that Nuance Communications will post 0.7 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Bristol John W & Co. Inc. NY bought a new position in shares of Nuance Communications in the first quarter valued at approximately $138,000. Signition LP bought a new position in shares of Nuance Communications in the first quarter valued at approximately $167,000. CIBC World Markets Inc. bought a new position in shares of Nuance Communications in the fourth quarter valued at approximately $176,000. A.R.T. Advisors LLC bought a new position in shares of Nuance Communications in the first quarter valued at approximately $184,000. Finally, TLP Group LLC raised its stake in shares of Nuance Communications by 3,281.5% in the first quarter. TLP Group LLC now owns 14,067 shares of the software maker’s stock valued at $222,000 after acquiring an additional 13,651 shares during the last quarter. Institutional investors own 88.05% of the company’s stock.

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.

Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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