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Why should you keep an eye on Nuance Communications Inc. (NUAN)?

Nuance Communications Inc. (NASDAQ: NUAN) is 0.36% higher on its value in year-to-date trading and has touched a low of $15.52 and a high of $51.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NUAN stock was last observed hovering at around $44.91 in the last trading session, with the day’s loss setting it -0.66% off its average median price target of $60.00 for the next 12 months. It is also 31.92% off the consensus price target high of $65.00 offered by 8 analysts, but current levels are 1.67% higher than the price target low of $45.00 for the same period.

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Currently trading at $44.25, the stock is 1.82% and -2.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing -1.47% at the moment leaves the stock 19.95% off its SMA200. NUAN registered 171.14% gain for a year compared to 6-month gain of 30.92%. The firm has a 50-day simple moving average (SMA 50) of $44.29 and a 200-day simple moving average (SMA200) of $41.27.

The stock witnessed a 5.16% loss in the last 1 month and extending the period to 3 months gives it a 0.36%, and is 2.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.99% over the week and 4.21% over the month.

Nuance Communications Inc. (NUAN) has around 7100 employees, a market worth around $12.26B and $1.46B in sales. Fwd P/E is 52.93. Distance from 52-week low is 185.12% and -14.28% from its 52-week high. The company has generated returns on investments over the last 12 months (4.90%).

Nuance Communications Inc. (NUAN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Nuance Communications Inc. (NUAN) is a “Buy”. 8 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Nuance Communications Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $342.73M over the same period.The EPS is expected to grow by 331.40% this year, but quarterly earnings will post -7.30% year-over-year. Quarterly sales are estimated to shrink -7.30% in year-over-year returns.

Nuance Communications Inc. (NUAN) Top Institutional Holders

557 institutions hold shares in Nuance Communications Inc. (NUAN), with 1.93M shares held by insiders accounting for 0.68% while institutional investors hold 105.19% of the company’s shares. The shares outstanding are 283.82M, and float is at 283.11M with Short Float at 9.00%. Institutions hold 104.48% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 25.41 million shares valued at $1.12 billion. The investor’s holdings represent 8.91% of the NUAN Shares outstanding. As of Dec 30, 2020, the second largest holder is FMR, LLC with 16.99 million shares valued at $749.19 million to account for 5.96% of the shares outstanding. The other top investors are Coatue Management, LLC which holds 16.61 million shares representing 5.83% and valued at over $732.55 million, while Viking Global Investors, L.P. holds 5.75% of the shares totaling 16.38 million with a market value of $722.31 million.

Nuance Communications Inc. (NUAN) Insider Activity

A total of 73 insider transactions have happened at Nuance Communications Inc. (NUAN) in the last six months, with sales accounting for 46 and purchases happening 27 times. The most recent transaction is an insider sale by Tempesta Daniel David ,the company’sEVP & Chief Financial Officer. SEC filings show that Tempesta Daniel David sold 21,000 shares of the company’s common stock on Apr 01 at a price of $45.00 per share for a total of $0.95 million. Following the sale, the insider now owns 0.38 million shares.

Nuance Communications Inc. disclosed in a document filed with the SEC on Mar 01 that Tempesta Daniel David (EVP & Chief Financial Officer) sold a total of 21,000 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $45.33 per share for $0.95 million. Following the transaction, the insider now directly holds 0.4 million shares of the NUAN stock.

Still, SEC filings show that on Dec 08, Nole Diana L (EVP & GM, Healthcare Division) disposed off 1,836 shares at an average price of $42.04 for $77185.0. The insider now directly holds 127,486 shares of Nuance Communications Inc. (NUAN).

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Nuance Communications Inc. (NUAN): Who are the competitors?

The company’s main competitors (and peers) include Adobe Inc. (ADBE) that is trading 61.74% up over the past 12 months and Alphabet Inc. (GOOGL) that is 98.65% higher over the same period. Intuit Inc. (INTU) is 78.55% up on the 1-year trading charts. Short interest in the company’s stock has fallen -5.3% from the last report on Feb 11, 2021 to stand at a total of 26.84 million short shares sold with a short interest ratio of 9.11.

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