Nuance Communications (NASDAQ:NUAN) VP Thomas Beaudoin sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.30, for a total transaction of $96,500.00. Following the completion of the sale, the vice president now directly owns 592,331 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on NUAN shares. Analysts at Deutsche Bank cut their price target on shares of Nuance Communications (NASDAQ:NUAN) from $25.00 to $24.00 in a research note to investors on Thursday, August 8th. Separately, analysts at Wedbush cut their price target on shares of Nuance Communications (NASDAQ:NUAN) from $23.00 to $22.00 in a research note to investors on Wednesday, August 7th. Finally, analysts at Northland Capital Partners cut their price target on shares of Nuance Communications (NASDAQ:NUAN) from $24.00 to $23.00 in a research note to investors on Wednesday, August 7th.
Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.57.
Shares of Nuance Communications (NASDAQ:NUAN) traded down 0.16% during mid-day trading on Thursday, hitting $19.21. 2,665,453 shares of the company’s stock traded hands. Nuance Communications has a 1-year low of $17.90 and a 1-year high of $25.89. The stock’s 50-day moving average is $19.05 and its 200-day moving average is $19.33. The company has a market cap of $5.961 billion and a P/E ratio of 179.81. Nuance Communications also saw unusually large options trading activity on Monday. Traders purchased 16,676 call options on the stock. This represents an increase of approximately 152% compared to the average volume of 6,621 call options.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.02. The company had revenue of $490.80 million for the quarter, compared to the consensus estimate of $487.64 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Nuance Communications will post $1.32 EPS for the current fiscal year.
Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.
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