Nuance Communications Inc. (NASDAQ:NUAN) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 11,230,000 shares, a growth of 9.7% from the January 15th total of 10,240,000 shares. Based on an average trading volume of 2,742,900 shares, the short-interest ratio is currently 4.1 days. Currently, 4.0% of the company’s shares are sold short.
Several analysts have commented on NUAN shares. TheStreet upgraded shares of Nuance Communications from a “c+” rating to a “b” rating in a report on Wednesday, November 20th. BidaskClub upgraded shares of Nuance Communications from a “sell” rating to a “hold” rating in a report on Saturday, January 18th. Zacks Investment Research upgraded shares of Nuance Communications from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Thursday. Oppenheimer restated a “buy” rating and set a $23.00 target price on shares of Nuance Communications in a report on Wednesday, December 11th. Finally, ValuEngine downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Nuance Communications has an average rating of “Buy” and a consensus price target of $24.40.
In other Nuance Communications news, EVP Thomas L. Beaudoin sold 12,355 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $17.67, for a total transaction of $218,312.85. Following the sale, the executive vice president now directly owns 269,209 shares in the company, valued at approximately $4,756,923.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wendy Cassity sold 13,656 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $17.51, for a total transaction of $239,116.56. Following the sale, the executive vice president now owns 111,640 shares in the company, valued at $1,954,816.40. The disclosure for this sale can be found here. Insiders sold a total of 51,019 shares of company stock worth $903,569 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.
Shares of NUAN traded up $0.18 during mid-day trading on Friday, hitting $23.01. 167,653 shares of the company’s stock were exchanged, compared to its average volume of 3,517,366. The company has a market cap of $6.46 billion, a PE ratio of 27.06, a P/E/G ratio of 9.13 and a beta of 0.94. Nuance Communications has a 52 week low of $14.02 and a 52 week high of $22.90. The company has a 50-day simple moving average of $19.43 and a 200 day simple moving average of $17.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.68 and a quick ratio of 0.68.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $418.30 million during the quarter, compared to analysts’ expectations of $406.30 million. Nuance Communications had a net margin of 14.02% and a return on equity of 11.42%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. On average, analysts anticipate that Nuance Communications will post 0.5 earnings per share for the current year.
Nuance Communications Company Profile
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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