Nuance Chief Accounting Officer Dumps More Stock

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Screen Shot 2013-12-30 at 10.13.41 AMNuance Communications (NASDAQ:NUAN) CAO Daniel David Tempesta unloaded 3,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.00, for a total transaction of $52,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 149,100 shares of the company’s stock, valued at approximately $2,236,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Screen Shot 2013-11-26 at 3.13.59 PMA number of research firms have recently commented on NUAN. Analysts at Standpoint Research initiated coverage on shares of Nuance Communications in a research note to investors on Wednesday, November 27th. They set a “buy” rating and a $18.00 price target on the stock. Separately, analysts at UBS AG downgraded shares of Nuance Communications from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $14.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Nuance Communications in a research note to investors on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $20.21.

Screen Shot 2013-10-02 at 1.19.58 PMNuance Communications (NASDAQ:NUAN) traded down 0.66% on Friday, hitting $15.0201. 744,683 shares of the company’s stock traded hands. Nuance Communications has a 52 week low of $13.00 and a 52 week high of $24.85. The stock’s 50-day moving average is $14.92 and its 200-day moving average is $17.66. The company’s market cap is $4.726 billion.

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