Nuance Communications Inc. (NASDAQ:NUAN) EVP Stefan Ortmanns sold 6,091 shares of Nuance Communications stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $17.00, for a total value of $103,547.00. Following the sale, the executive vice president now directly owns 416,521 shares in the company, valued at $7,080,857. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NUAN stock traded down $0.04 during trading on Thursday, reaching $17.39. 23,226 shares of the stock were exchanged, compared to its average volume of 1,913,329. Nuance Communications Inc. has a twelve month low of $12.66 and a twelve month high of $18.16. The company has a market capitalization of $4.88 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91. The stock has a 50 day simple moving average of $16.41 and a 200-day simple moving average of $16.74. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94.
A number of research firms recently weighed in on NUAN. Zacks Investment Research downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. BidaskClub downgraded Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Wedbush reissued a “buy” rating and set a $22.00 target price on shares of Nuance Communications in a research report on Wednesday, July 24th. Finally, ValuEngine downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.00.
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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