Opinion

Nuance Communications, Inc. (NASDAQ:NUAN) Analyst Estimates And Rating

Nuance Communications, Inc. (NASDAQ:NUAN) stock is presently standing at about $17.09 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 9 analysts covering the company is $20.00, which suggests the stock could still rise over 15 percent. The highest analyst price target is $26.00, which implies a rally of 48 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 3 rate NUAN a strong buy. There are 3 equity research firms advocating a Hold and 0 consider it Sell.

Barclays analysts provided their view on Nuance Communications, Inc. (NASDAQ:NUAN) recently. The rating firm issued a Overweight rating to this company in a research note released on Jan 06, 2017. Raymond James analysts disclosed their opinion on Nuance Communications, Inc. (NASDAQ:NUAN) recently. The rating firm gave a Strong Buy rating to this stock in a research note published on Nov 18, 2016. According to a research note disclosed on Jan 15, 2016, analysts at Standpoint Research have upped their rating on these shares from Hold to Buy.

Nuance Communications, Inc. (NASDAQ:NUAN) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Executive VP Corporate Strateg Bowden Adam Bruce sold 4,869 company shares for 83360, in a transaction on 2017-03-01. Following the transaction, the Executive VP Corporate Strateg is left with a stake of 207,609 shares, currently valued at $3548038. Meanwhile, Executive VP Corporate Strateg Bowden Adam Bruce sold 6,000 shares worth $102000, through a transaction dated 2017-02-13. Following the completion of the transaction, the insider is left with a stake of 212,478 shares, amounting $3631249.02. NUAN Director LARET MARK R also sold 15,000 shares, at a stock price of $16.65. This transaction occurred on 2017-02-10 totals $249750. After this transaction, the insider’s stake stands at 68,880 shares, with a market value of $1177159.

Executives hold 3.14 percent of the stock. Paul A. Ricci is one of the biggest insider owners in Nuance Communications, Inc. (NASDAQ:NUAN), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,090,036 shares which have current market value of around $18628715.24.Michael S. Phillips is another major inside shareholder in the company. The insider owns 975,402 shares as of 0.33%, currently worth $16669620.18. Steven G. Chambers is ranked as third insider holder of the stock. This insider holds 506,592 shares with a market value around $8657657.28 as of recent close.

Nuance Communications, Inc. (NASDAQ:NUAN) Earnings Outlook

In Nuance Communications, Inc. (NASDAQ:NUAN)’s latest quarter, EPS moved to $0.35 from $0.41 in preceding quarter and revenues reached at $496.02M compared to $512.45M. Analysts had expected Nuance Communications, Inc. (NASDAQ:NUAN) to post net income of about $0.35 per share on $490.37M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.38 to $0.41. That is compared with the $0.38 in EPS it reported during the same period a year ago.

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