Traders Purchase Large Volume of Nuance Communications Call Options (NUAN)
Shares of Nuance Communications (NASDAQ:NUAN) saw some unusual options trading on Monday. Stock investors purchased 14,375 call options on the stock, American Banking & Market News reports. This is an increase of approximately 238% compared to the typical daily volume of 4,250 call options.
In other Nuance Communications news, VP Thomas Beaudoin sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $15.31, for a total transaction of $76,550.00. Following the completion of the transaction, the vice president now directly owns 510,570 shares in the company, valued at approximately $7,816,827. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.75.
Shares of Nuance Communications (NASDAQ:NUAN) traded up 0.25% during mid-day trading on Monday, hitting $15.76. 6,418,477 shares of the company’s stock traded hands. Nuance Communications has a one year low of $13.00 and a one year high of $23.38. The stock has a 50-day moving average of $15.22 and a 200-day moving average of $16.91. The company’s market cap is $4.958 billion.
Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Monday, November 25th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Nuance Communications will post $1.09 EPS for the current fiscal year.
Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.
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