The stock of Nuance Communications Inc. (NASDAQ:NUAN) hit a new 52-week low and has $12.53 target or 9.00% below today’s $13.77 share price. The 6 months bearish chart indicates high risk for the $3.81 billion company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $12.53 price target is reached, the company will be worth $342.90M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 760,936 shares traded hands. Nuance Communications Inc. (NASDAQ:NUAN) has declined 30.39% since March 10, 2016 and is downtrending. It has underperformed by 37.91% the S&P500.
Analysts await Nuance Communications Inc. (NASDAQ:NUAN) to report earnings on November, 21. They expect $0.24 earnings per share, up 4.35% or $0.01 from last year’s $0.23 per share. NUAN’s profit will be $66.41M for 14.34 P/E if the $0.24 EPS becomes a reality. After $0.23 actual earnings per share reported by Nuance Communications Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.
Nuance Communications Inc. (NASDAQ:NUAN) Ratings Coverage
Out of 8 analysts covering Nuance Communications (NASDAQ:NUAN), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Nuance Communications has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by Standpoint Research on Friday, January 15 to “Buy”. The rating was maintained by Barclays Capital on Tuesday, August 9 with “Equal-Weight”. The firm has “Outperform” rating by Leerink Swann given on Wednesday, September 9. The firm earned “Buy” rating on Tuesday, August 9 by Deutsche Bank. Canaccord Genuity maintained Nuance Communications Inc. (NASDAQ:NUAN) rating on Tuesday, November 17. Canaccord Genuity has “Buy” rating and $22 price target. As per Tuesday, August 9, the company rating was maintained by UBS. The stock of Nuance Communications Inc. (NASDAQ:NUAN) has “Mkt Perform” rating given on Friday, August 7 by FBR Capital. The rating was maintained by Deutsche Bank on Tuesday, November 17 with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 7. Barclays Capital initiated the shares of NUAN in a report on Friday, April 15 with “Equal-Weight” rating.
According to Zacks Investment Research, “Nuance Communications, Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents.”
Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.17, from 0.98 in 2016Q1. The ratio is negative, as 65 funds sold all Nuance Communications Inc. shares owned while 111 reduced positions. 43 funds bought stakes while 99 increased positions. They now own 215.33 million shares or 1.81% more from 211.50 million shares in 2016Q1.
The United Kingdom-based Gsa Capital Ltd Liability Partnership has invested 0.03% in Nuance Communications Inc. (NASDAQ:NUAN). Regions Fin Corporation holds 0.01% of its portfolio in Nuance Communications Inc. (NASDAQ:NUAN) for 36,517 shares. Highbridge Management Ltd Llc holds 853,754 shares or 0.22% of its portfolio. Jacobs Levy Equity Mgmt Inc holds 0.2% or 627,336 shares in its portfolio. Columbus Circle owns 2.77 million shares or 0.43% of their US portfolio. Moreover, Menta Cap has 0.05% invested in Nuance Communications Inc. (NASDAQ:NUAN) for 23,500 shares. Cibc Asset Mngmt Inc holds 0% of its portfolio in Nuance Communications Inc. (NASDAQ:NUAN) for 16,674 shares. Quantitative Systematic Strategies Ltd Co has 0.08% invested in the company for 10,676 shares. The Florida-based Eagle Asset has invested 0.03% in Nuance Communications Inc. (NASDAQ:NUAN). Price T Rowe Assoc Md accumulated 113,268 shares or 0% of the stock. Avalon Advisors Ltd Liability last reported 0.05% of its portfolio in the stock. Zwj Inv Counsel holds 0.02% or 15,500 shares in its portfolio. First Republic Invest Mgmt accumulated 22,286 shares or 0% of the stock. Guggenheim Cap Lc holds 0% or 38,631 shares in its portfolio. Clearbridge Invests accumulated 0.48% or 25.89 million shares.
Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 6 selling transactions for $614,153 net activity. 8,000 shares with value of $136,162 were sold by Bowden Adam Bruce on Monday, May 2. MARTIN KATHERINE A also sold $172,288 worth of Nuance Communications Inc. (NASDAQ:NUAN) shares.
NUAN Company Profile
Nuance Communications, Inc., incorporated on September 21, 1995, is a well-known provider of voice recognition solutions and natural language understanding technologies. The Firm operates through four divisions: Healthcare; Mobile and Consumer; Enterprise, and Imaging. The Firm offers its clients solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition (OCR) capabilities, and domain knowledge, along with professional services and implementation support. The Firm markets and sells its solutions and technologies around the world directly through a sales force; through its e-commerce Website, and also through a global network of resellers, including system integrators, independent software vendors, value-added resellers, distributors, hardware vendors and telecommunications carriers. It offer its solutions and technologies to its clients in a range of ways, including perpetual licenses, hosted cloud solutions, implementation and custom solution development services and maintenance and support. It offers a range of new digital engagement offerings, including live chat, customer analytics and personalization solutions.
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