Nuance Communications Sees Unusually Large Options Volume (NUAN)
Shares of Nuance Communications (NASDAQ:NUAN) were the recipient of some unusual options trading on Tuesday. Investors bought 1,346 put options on the company, American Banking and Market News reports. This is an increase of approximately 119% compared to the average daily volume of 614 put options.
In other Nuance Communications news, CAO Daniel David Tempesta sold 2,000 shares of the stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $17.77, for a total transaction of $35,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on NUAN shares. Analysts at Standpoint Research downgraded shares of Nuance Communications from a “buy” rating to a “hold” rating in a research note on Monday, June 30th. Separately, analysts at Goldman Sachs cut their price target on shares of Nuance Communications from $15.00 to $14.00 in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Nuance Communications currently has an average rating of “Buy” and a consensus price target of $16.67.
Nuance Communications (NASDAQ:NUAN) traded down 9.01% on Tuesday, hitting $16.47. The stock had a trading volume of 12,138,038 shares. Nuance Communications has a 52 week low of $13.00 and a 52 week high of $20.01. The stock has a 50-day moving average of $18.30 and a 200-day moving average of $16.64. The company’s market cap is $5.225 billion.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.27. The company had revenue of $475.50 million for the quarter, compared to the consensus estimate of $498.56 million. During the same quarter last year, the company posted $0.34 earnings per share. Nuance Communications’s revenue was down .8% compared to the same quarter last year. Analysts expect that Nuance Communications will post $1.13 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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