Coverage Initiated by SVB Leerink LLC for Nuance Communications (NASDAQ:NUAN)

0
29
stock_market_daily_information
Business or finance concept : Asia Pacific stock market data and candle stick graph chart on monitor

Stock analysts at SVB Leerink LLC initiated coverage on shares of  Nuance Communications (NASDAQ:NUAN) in a report issued on Monday. The brokerage set a Outperform rating on the Computer and Technology stock. A price-to-earnings ratio of 49.15 and a beta of 1.02. Nuance Communications has a twelve month low $13.02 of  and a twelve month high of $26.01.

Shares of Nuance Communications traded up $0.03 on Monday, reaching $25.42. 1033316 shares of the stock traded hands, compared to its average volume of 3910811. Shares of Nuance Communications were trading at $25.42 on Monday mid-day. The firm’s 50 day moving average is $$21.55 and its 200 day moving average is $18.79.Nuance Communications  has a 12 month low of $24.71 and a 12 month high of $26.01. While on yearly highs and lows, Nuance Communications’s today has traded high as $25.63 and has touched $24.71 on the downward trend. See More Analyst Rating at: RATING

Nuance Communications Earnings and What to expect: 

Nuance Communications last posted its quarterly earnings data on May 7th, 2020. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm earned $369.55 million during the quarter, compared to the consensus estimate of $351.56 million. Its revenue for the quarter was up 9.7% on a year-over-year basis. Nuance Communications has generated $0.76 earnings per share over the last year and currently has a price-to-earnings ratio of 47.9. Nuance Communications has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 5th, 2020 based off prior year’s report dates.

Earnings for Nuance Communications are expected to grow by 13.33% in the coming year, from $0.45 to $0.51 per share. The P/E ratio of Nuance Communications is 47.91, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.99. The P/E ratio of Nuance Communications is 47.91, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.61. Nuance Communications has a PEG Ratio of 11.37. PEG Ratios above 1 indicate that a company could be overvalued. Nuance Communications has a P/B Ratio of 3.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.50%
  • On 6/16/2020 EVP Thomas L Beaudoin Sell 7,600 at average share price of $22.89 which equates to $173,964.00 in money value.
  • On 5/20/2020 SVP Arthur G Giterman Sell 5,557 at average price of  $21.00 with total value of : Not Data Available
  • On 5/14/2020 EVP Robert Weideman Sell 62,698 at average price of  $19.03 with total value of : $1,193,142.94

Analyt at SVB Leerink LLC other ratings :

  • 6/29/2020 – Intersect ENT had its price target lowered by analysts at SVB Leerink LLC from $15.00 to $14.00. They now have a “market perform” rating on the stock.
  • 6/26/2020 – Translate Bio had its price target raised by analysts at SVB Leerink LLC from $21.00 to $30.00. They now have an “outperform” rating on the stock.
  • 6/26/2020 – Acceleron Pharma had its price target raised by analysts at SVB Leerink LLC from $127.00 to $132.00. They now have an “outperform” rating on the stock.
  • 6/24/2020 – Affimed had its price target raised by analysts at SVB Leerink LLC from $7.00 to $8.00. They now have an “outperform” rating on the stock.

Latest rating for Nuance Communications by other brokers:

  • 6/23/2020 – Nuance Communications was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/17/2020 – Nuance Communications was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/5/2020 – Nuance Communications was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 5/29/2020 – Nuance Communications was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Nuance Communications (NASDAQ:NUAN) Moving Average Technical Analysis

5 day Moving Average is $25.10 And 5 day price change is $0.61 (2.46%)  with average volume for 5 day average is 5,373,260. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $23.69 and 20 day price change is $2.51 (10.97%) and average 20 day moving volume is 4,457,520. 50 day moving average is $21.55  and 50 day price change is $7.21 ( 39.66%)  and with average volume for 50 days is : 3,675,984. 200 day moving average is $18.79  and 200 day price change is $7.60 (42.72%)  and with average volume for 200 days is : 3,390,730.

See More Analyst Rating at: RATING