Nuance Communications, Inc. (NUAN) Shares Gap Up to $0.00
Shares of Nuance Communications, Inc. (NASDAQ:NUAN) gapped up before the market opened on Thursday . The stock had previously closed at ($15.54), but opened at $0.00. Nuance Communications shares last traded at $0.00, with a volume of 4883096 shares.
A number of research firms have commented on NUAN. Canaccord Genuity decreased their target price on Nuance Communications from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Barclays PLC reduced their price objective on Nuance Communications from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $23.00 price objective (down from $26.00) on shares of Nuance Communications in a research report on Thursday, August 10th. Raymond James Financial, Inc. reduced their price objective on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reduced their price objective on Nuance Communications from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $20.38.
The company has a market capitalization of $4.44 billion, a P/E ratio of 15.71, a PEG ratio of 1.80 and a beta of 0.58. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.14.
Nuance Communications (NASDAQ:NUAN) last released its earnings results on Tuesday, August 8th. The software maker reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.09). The company had revenue of $495.60 million during the quarter, compared to analysts’ expectations of $495.57 million. Nuance Communications had a negative net margin of 3.38% and a positive return on equity of 14.73%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. equities analysts predict that Nuance Communications, Inc. will post 0.6 earnings per share for the current year.
In related news, insider Daniel David Tempesta sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.58, for a total transaction of $101,270.00. Following the sale, the insider now directly owns 258,188 shares in the company, valued at approximately $4,022,569.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth M. Siegel sold 4,682 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $16.00, for a total transaction of $74,912.00. The disclosure for this sale can be found here. Insiders have sold a total of 17,682 shares of company stock worth $280,117 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Nuance Communications during the 2nd quarter valued at approximately $103,000. Commonwealth Bank of Australia lifted its stake in shares of Nuance Communications by 29.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,000 shares of the software maker’s stock valued at $121,000 after buying an additional 1,600 shares in the last quarter. Ledyard National Bank increased its holdings in Nuance Communications by 4.8% during the 2nd quarter. Ledyard National Bank now owns 7,160 shares of the software maker’s stock worth $125,000 after acquiring an additional 330 shares during the period. Exane Derivatives increased its holdings in Nuance Communications by 250.3% during the 3rd quarter. Exane Derivatives now owns 8,274 shares of the software maker’s stock worth $130,000 after acquiring an additional 5,912 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in Nuance Communications by 23.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the software maker’s stock worth $146,000 after acquiring an additional 1,600 shares during the period. Institutional investors own 84.16% of the company’s stock.
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Nuance Communications Company Profile
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.
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