Notable Runner: After Touching 52 Week Low, Is Nuance Communications Inc.’s Near-Term Analysis Negative?

Notable Runner: After Touching 52 Week Low, Is Nuance Communications Inc.'s Near Term Analysis Negative?

The stock of Nuance Communications Inc. (NASDAQ:NUAN) hit a new 52-week low and has $12.80 target or 6.00% below today’s $13.62 share price. The 9 months bearish chart indicates high risk for the $3.76 billion company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $12.80 price target is reached, the company will be worth $225.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.66% or $0.09 during the last trading session, hitting $13.62. About 884,796 shares traded hands. Nuance Communications Inc. (NASDAQ:NUAN) has declined 27.00% since April 1, 2016 and is downtrending. It has underperformed by 28.21% the S&P500.

Analysts await Nuance Communications Inc. (NASDAQ:NUAN) to report earnings on November, 21. They expect $0.24 earnings per share, up 4.35% or $0.01 from last year’s $0.23 per share. NUAN’s profit will be $66.26M for 14.19 P/E if the $0.24 EPS becomes a reality. After $0.23 actual earnings per share reported by Nuance Communications Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.

Nuance Communications Inc. (NASDAQ:NUAN) Ratings Coverage

Out of 8 analysts covering Nuance Communications (NASDAQ:NUAN), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $30 is the highest target while $17 is the lowest. The $21.50 average target is 57.86% above today’s ($13.62) stock price. Nuance Communications has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, May 11 by Canaccord Genuity. The firm has “Outperform” rating by Oppenheimer given on Tuesday, November 17. The company was upgraded on Monday, January 18 by Standpoint Research. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, November 17. The firm earned “Neutral” rating on Tuesday, August 9 by UBS. Standpoint Research upgraded the shares of NUAN in a report on Friday, January 15 to “Buy” rating. The firm has “Outperform” rating given on Wednesday, May 11 by Leerink Swann. The stock of Nuance Communications Inc. (NASDAQ:NUAN) has “Outperform” rating given on Wednesday, September 9 by Leerink Swann. Barclays Capital initiated Nuance Communications Inc. (NASDAQ:NUAN) on Friday, April 15 with “Equal-Weight” rating. The firm earned “Buy” rating on Friday, August 7 by Canaccord Genuity.

According to Zacks Investment Research, “Nuance Communications, Inc. is the leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.17, from 0.98 in 2016Q1. The ratio fall, as 65 funds sold all Nuance Communications Inc. shares owned while 111 reduced positions. 43 funds bought stakes while 99 increased positions. They now own 215.33 million shares or 1.81% more from 211.50 million shares in 2016Q1.
Mu Invests Limited accumulated 0.1% or 9,700 shares. Plante Moran Fincl Advisors Lc has invested 0% of its portfolio in Nuance Communications Inc. (NASDAQ:NUAN). The Australia-based Westpac Bk has invested 0% in Nuance Communications Inc. (NASDAQ:NUAN). Oz Management Lp last reported 0.02% of its portfolio in the stock. The Illinois-based First Tru Lp has invested 0.01% in Nuance Communications Inc. (NASDAQ:NUAN). Brown Advisory Inc last reported 161,978 shares in the company. Great West Life Assurance Can owns 113,981 shares or 0.01% of their US portfolio. Advisory Service Networks Llc holds 0.01% or 1,771 shares in its portfolio. Wolverine Asset Limited Co accumulated 512 shares or 0% of the stock. Pictet Asset Management Ltd accumulated 0.11% or 1.75 million shares. Tradewinds Limited Co accumulated 0% or 10 shares. Canada Pension Plan Investment Board has 0.09% invested in the company for 1.42 million shares. Thrivent Financial For Lutherans holds 4.75 million shares or 0.02% of its portfolio. Invesco Ltd last reported 3.16M shares in the company. Martingale Asset Management Limited Partnership reported 31,899 shares or 0.01% of all its holdings.

Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 5 sales for $477,991 net activity. $172,288 worth of shares were sold by MARTIN KATHERINE A on Wednesday, June 8. Bowden Adam Bruce also sold $58,200 worth of Nuance Communications Inc. (NASDAQ:NUAN) shares.

NUAN Company Profile

Nuance Communications, Inc., incorporated on September 21, 1995, is a well-known provider of voice recognition solutions and natural language understanding technologies. The Firm operates through four divisions: Healthcare; Mobile and Consumer; Enterprise, and Imaging. The Firm offers its clients solutions in automated speech recognition; capabilities for natural language understanding; dialog and information management; biometric speaker authentication; text-to-speech; optical character recognition (OCR) capabilities, and domain knowledge, along with professional services and implementation support. The Firm markets and sells its solutions and technologies around the world directly through a sales force; through its e-commerce Website, and also through a global network of resellers, including system integrators, independent software vendors, value-added resellers, distributors, hardware vendors and telecommunications carriers. It offer its solutions and technologies to its clients in a range of ways, including perpetual licenses, hosted cloud solutions, implementation and custom solution development services and maintenance and support. It offers a range of new digital engagement offerings, including live chat, customer analytics and personalization solutions.

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