Standpoint Research Downgrades Nuance Communications (NUAN) to Hold

By Jason Carr

Nuance Communications (NASDAQ: NUAN) received a Hold rating from Standpoint Research analyst Ronnie Moas on August 9. The company’s shares closed on Friday at $16.84.

According to TipRanks.com, Moas is a 5-star analyst with an average return of 6.0% and a 69.7% success rate. Moas covers the Consumer Goods sector, focusing on stocks such as Western Digital, LyondellBasell, and Whirlpool Corp.

Nuance Communications has an analyst consensus of Moderate Buy, with a price target consensus of $20, implying a 18.8% upside from current levels. In a report issued on August 9, Stifel Nicolaus also maintained a Hold rating on the stock with a $17 price target.

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The company has a one-year high of $18.75 and a one-year low of $12.18. Currently, Nuance Communications has an average volume of 3.24M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.

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Nuance Communications, Inc. engages in the provision of voice and language solutions for businesses and consumers. It operates through the following segments: Healthcare, Mobile, Enterprise, and Imaging. The Healthcare segment offers transcription solutions and services that automate the input and management of medical information.