Nuance Communications (NUAN) Cut to Strong Sell at BidaskClub

BidaskClub lowered shares of Nuance Communications (NASDAQ:NUAN) from a sell rating to a strong sell rating in a report released on Saturday.

Several other research firms also recently issued reports on NUAN. Oppenheimer restated a buy rating and issued a $23.00 price objective on shares of Nuance Communications in a research note on Tuesday, January 23rd. Canaccord Genuity restated a buy rating and issued a $21.00 price objective on shares of Nuance Communications in a research note on Monday, January 22nd. TheStreet upgraded shares of Nuance Communications from a d+ rating to a c- rating in a research note on Wednesday, January 17th. Morgan Stanley set a $20.00 price objective on shares of Nuance Communications and gave the company a buy rating in a research note on Thursday, March 22nd. Finally, Zacks Investment Research downgraded shares of Nuance Communications from a buy rating to a hold rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $20.75.

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NASDAQ NUAN opened at $15.01 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.46 and a quick ratio of 1.46. Nuance Communications has a 1 year low of $14.02 and a 1 year high of $19.93. The firm has a market capitalization of $4,408.42, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.51 and a beta of 0.64.

Nuance Communications (NASDAQ:NUAN) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Nuance Communications had a negative net margin of 3.76% and a positive return on equity of 11.62%. The company had revenue of $508.80 million during the quarter, compared to the consensus estimate of $508.55 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Nuance Communications’s revenue for the quarter was up 2.6% on a year-over-year basis. sell-side analysts anticipate that Nuance Communications will post 0.83 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in NUAN. SG Americas Securities LLC purchased a new stake in shares of Nuance Communications in the third quarter valued at about $149,000. CIBC World Markets Inc. purchased a new stake in shares of Nuance Communications in the fourth quarter valued at about $176,000. The Manufacturers Life Insurance Company raised its holdings in shares of Nuance Communications by 8.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,234 shares of the software maker’s stock valued at $178,000 after buying an additional 809 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Nuance Communications by 40.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 14,993 shares of the software maker’s stock valued at $236,000 after buying an additional 4,300 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Nuance Communications in the fourth quarter valued at about $259,000. 85.44% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Nuance Communications (NASDAQ:NUAN)

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