Nuance Communications Inc. (NASDAQ:NUAN) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.39 and last traded at $14.46, with a volume of 717,271 shares. The stock had previously closed at $14.49.

Several equities research analysts recently issued reports on NUAN shares. Leerink Swann dropped their price target on shares of Nuance Communications from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 11th. Canaccord Genuity dropped their target price on shares of Nuance Communications from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, May 11th. Needham & Company LLC reissued a “hold” rating on shares of Nuance Communications in a research report on Thursday, May 12th. Zacks Investment Research downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Deutsche Bank AG dropped their target price on shares of Nuance Communications from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Nuance Communications has an average rating of “Buy” and an average target price of $21.82.

The company has a 50 day moving average price of $15.55 and a 200-day moving average price of $17.20. The company’s market cap is $4.06 billion.

Nuance Communications (NASDAQ:NUAN) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business earned $484.90 million during the quarter, compared to analyst estimates of $489.54 million. During the same quarter in the prior year, the company posted $0.32 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Analysts anticipate that Nuance Communications Inc. will post $1.51 earnings per share for the current fiscal year.

In other news, VP Adam Bruce Bowden sold 6,000 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $15.59, for a total value of $93,540.00. Following the sale, the vice president now owns 199,490 shares of the company’s stock, valued at approximately $3,110,049.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Katherine A. Martin sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $17.23, for a total transaction of $172,300.00. Following the completion of the sale, the director now directly owns 130,600 shares in the company, valued at approximately $2,250,238. The disclosure for this sale can be found here.

Other large investors have recently bought and sold shares of the company. Airain ltd raised its stake in Nuance Communications by 470.9% in the fourth quarter. Airain ltd now owns 175,396 shares of the company’s stock valued at $3,489,000 after buying an additional 144,671 shares during the last quarter. KBC Group NV raised its stake in Nuance Communications by 103.1% in the fourth quarter. KBC Group NV now owns 129,379 shares of the company’s stock valued at $2,573,000 after buying an additional 65,666 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Nuance Communications during the fourth quarter valued at $1,505,000.

Nuance Communications, Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company operates through four segments: Healthcare, Mobile and Consumer, Enterprise and Imaging. The Healthcare segment is a provider in clinical speech and clinical language understanding solutions.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.