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

A number of equities research analysts have recently weighed in on NUAN shares. Canaccord Genuity cut their target price on shares of Nuance Communications from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, May 11th. Deutsche Bank AG cut their target price on shares of Nuance Communications from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Barclays PLC set a $19.00 target price on shares of Nuance Communications and gave the company a “hold” rating in a research note on Tuesday, August 9th. Zacks Investment Research raised shares of Nuance Communications from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Nuance Communications in a research note on Thursday, May 12th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $21.82.

The company’s market capitalization is $4.04 billion. The firm’s 50-day moving average is $15.51 and its 200-day moving average is $17.17.

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, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. During the same period in the previous year, the business earned $0.32 EPS. The firm earned $484.90 million during the quarter, compared to the consensus estimate of $489.54 million. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts anticipate that Nuance Communications Inc. will post $1.51 EPS for the current fiscal year.

In other news, Director Katherine A. Martin sold 10,000 shares of Nuance Communications stock in a transaction that occurred on Wednesday, June 8th. The shares were 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 owns 130,600 shares of the company’s stock, valued at $2,250,238. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Adam Bruce Bowden sold 6,000 shares of Nuance Communications stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $15.59, for a total transaction of $93,540.00. Following the sale, the vice president now directly owns 199,490 shares of the company’s stock, valued at approximately $3,110,049.10. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Nuance Communications stock. KBC Group NV increased its stake in shares of Nuance Communications Inc. (NASDAQ:NUAN) by 103.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,379 shares of the company’s stock after buying an additional 65,666 shares during the period. KBC Group NV’s holdings in Nuance Communications were worth $2,573,000 as of its most recent SEC filing.

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.

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