Nuance Communications CAO Sells $15,350 in Stock (NUAN)
Nuance Communications (NASDAQ:NUAN) CAO Daniel David Tempesta sold 1,000 shares of the stock on the open market in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $15.35, for a total value of $15,350.00. Following the transaction, the chief accounting officer now directly owns 197,100 shares in the company, valued at approximately $3,025,485. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Nuance Communications (NASDAQ:NUAN) traded up 1.33% during mid-day trading on Tuesday, hitting $15.28. The stock had a trading volume of 4,696,939 shares. Nuance Communications has a one year low of $13.00 and a one year high of $24.85. The stock’s 50-day moving average is $15.16 and its 200-day moving average is $16.95. The company’s market cap is $4.807 billion.
Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Monday, November 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $472.20 million for the quarter, compared to the consensus estimate of $489.56 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Nuance Communications will post $1.09 earnings per share for the current fiscal year.
A number of research firms have recently commented on NUAN. Analysts at Zacks upgraded shares of Nuance Communications from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 28th. They now have a $16.70 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Nuance Communications in a research note to investors on Wednesday, January 22nd. Finally, analysts at Standpoint Research initiated coverage on shares of Nuance Communications in a research note to investors on Wednesday, November 27th. They set a “buy” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Nuance Communications presently has a consensus rating of “Hold” and an average price target of $20.23.
Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.
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