Nuance Communications Inc. (NASDAQ:NUAN) EVP Thomas Beaudoin sold 12,355 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.60, for a total value of $205,093.00. Following the sale, the executive vice president now owns 255,884 shares in the company, valued at approximately $4,247,674.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ NUAN opened at $17.75 on Monday. The stock’s 50-day simple moving average is $15.86 and its two-hundred day simple moving average is $16.56. Nuance Communications Inc. has a twelve month low of $12.66 and a twelve month high of $18.16. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 4.15 and a beta of 0.94.
Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings results on Wednesday, November 20th. The software maker reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. Nuance Communications had a return on equity of 12.68% and a net margin of 11.83%. The business had revenue of $471.97 million for the quarter, compared to the consensus estimate of $486.13 million. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts expect that Nuance Communications Inc. will post 0.84 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on NUAN shares. Zacks Investment Research downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Barclays lowered their price target on Nuance Communications from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. ValuEngine downgraded Nuance Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. BidaskClub upgraded Nuance Communications from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Wedbush started coverage on Nuance Communications in a research report on Friday, September 27th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Nuance Communications currently has a consensus rating of “Hold” and a consensus price target of $18.25.
About Nuance Communications
Nuance Communications (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people – amplifying human intelligence to increase productivity and security. With decades of domain and AI expertise, Nuance works with thousands of organizations globally across healthcare, financial services, telecommunications, government, and retail – to create stronger relationships and better experiences for their customers and workforce.
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