NASDAQ:CRNC Cerence (CRNC) Stock Price, News & Analysis → The ONE AI Stock to own now. (It’s not Nvidia.) (From Weiss Ratings) (Ad) Free CRNC Stock Alerts $3.99 -0.90 (-18.40%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$3.94▼$4.7750-Day Range$3.99▼$15.7552-Week Range$3.94▼$36.79Volume5.62 million shsAverage Volume1.52 million shsMarket Capitalization$166.70 millionP/E RatioN/ADividend YieldN/APrice Target$10.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Cerence alerts: Email Address Cerence MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside152.7% Upside$10.08 Price TargetShort InterestBearish18.14% of Float Sold ShortDividend StrengthN/ASustainability-1.68Upright™ Environmental ScoreNews Sentiment0.30Based on 2 Articles This WeekInsider TradingSelling Shares$585,912 Sold Last QuarterProj. Earnings GrowthDecreasingFrom $0.39 to ($0.16) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.90 out of 5 starsComputer And Technology Sector164th out of 590 stocksPrepackaged Software Industry52nd out of 199 stocks 4.0 Analyst's Opinion Consensus RatingCerence has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 6 hold ratings, and no sell ratings.Amount of Analyst CoverageCerence has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Cerence's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted18.14% of the float of Cerence has been sold short.Short Interest Ratio / Days to CoverCerence has a short interest ratio ("days to cover") of 12, which indicates bearish sentiment.Change versus previous monthShort interest in Cerence has recently decreased by 0.46%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldCerence does not currently pay a dividend.Dividend GrowthCerence does not have a long track record of dividend growth. Previous Next 2.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCerence has received a 16.01% net impact score from Upright. Cerence seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Integrated development environments", "Continuous authentication software", and "Speech recognition software" products. See details.Environmental SustainabilityThe Environmental Impact score for Cerence is -1.68. Previous Next 2.4 News and Social Media Coverage News SentimentCerence has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Cerence this week, compared to 2 articles on an average week.Search Interest12 people have searched for CRNC on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat Follows3 people have added Cerence to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cerence insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $585,912.00 in company stock.Percentage Held by InsidersOnly 1.19% of the stock of Cerence is held by insiders.Percentage Held by Institutions91.44% of the stock of Cerence is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Cerence's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Cerence are expected to decrease in the coming year, from $0.39 to ($0.16) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cerence is -0.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Cerence is -0.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCerence has a P/B Ratio of 0.36. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Cerence's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyElon to Transform U.S. Economy? A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.One company holds a near-total monopoly on it. About Cerence Stock (NASDAQ:CRNC)Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant coexistence, and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.Read More CRNC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRNC Stock News HeadlinesMay 17 at 3:59 PM | markets.businessinsider.comCraig-Hallum Keeps Their Hold Rating on Cerence (CRNC)May 16 at 11:32 PM | marketwatch.comCerence Inc.: CFO Daniel Tempesta Resigns Effective May 17 >CRNCMay 11, 2024 | markets.businessinsider.comCerence Inc.: Navigating Transitional Dynamics and Financial Downward AdjustmentsMay 11, 2024 | msn.comWells Fargo Downgrades Cerence (CRNC)May 10, 2024 | msn.comWarner Bros. upgraded, Cerence downgraded: Wall Street's top analyst callsMay 10, 2024 | markets.businessinsider.comWedbush Reaffirms Their Hold Rating on Cerence (CRNC)May 10, 2024 | markets.businessinsider.comWhat Analysts Are Saying About Cerence StockMay 10, 2024 | msn.comCerence Inc. (NASDAQ:CRNC) Q2 2024 Earnings Call TranscriptMay 10, 2024 | finance.yahoo.comCerence Inc (CRNC) Faces Financial Challenges in Q2 2024 Despite Revenue OutperformanceMay 10, 2024 | finance.yahoo.comCerence Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS LagsMay 9, 2024 | globenewswire.comCerence Announces Second Quarter Fiscal Year 2024 ResultsMay 7, 2024 | msn.comNeedham Downgrades Cerence (CRNC)May 6, 2024 | investorplace.comShhh! 3 Secret AI Stocks Flying Below Wall Street's RadarMay 3, 2024 | businesswire.comCERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCApril 27, 2024 | stockhouse.comFoxtron and Cerence Collaborate to Bring First-of-its-Kind Intuitive Interaction to Foxtron's New Electric Vehicles in TaiwanApril 25, 2024 | globenewswire.comCerence to Announce Fiscal Second Quarter Results on May 9, 2024April 25, 2024 | finance.yahoo.comFoxtron and Cerence Collaborate to Bring First-of-its-Kind Intuitive Interaction to Foxtron’s New Electric Vehicles in TaiwanApril 23, 2024 | finance.yahoo.comInsider Sell: CEO Stefan Ortmanns Sells 10,762 Shares of Cerence Inc (CRNC)April 19, 2024 | prnewswire.comCERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCApril 17, 2024 | markets.businessinsider.comAnalyst Scoreboard: 4 Ratings For CerenceApril 12, 2024 | investorplace.com3 Tech Stocks to Buy to Triple Your Investment by 2025April 5, 2024 | businesswire.comCERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCMarch 27, 2024 | uk.finance.yahoo.comInsider Sell: CEO Stefan Ortmanns Sells 15,389 Shares of Cerence Inc (CRNC)March 21, 2024 | globenewswire.comCerence Engages First Automaker Customers for CaLLM™, Its Pioneering Automotive Large Language ModelMarch 19, 2024 | globenewswire.comCerence Announces Equity Grant to Employee Under Inducement PlanSee More Headlines Receive CRNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cerence and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/27/2023Today5/18/2024Next Earnings (Estimated)8/13/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:CRNC CUSIPN/A CIK1768267 Webwww.cerence.com Phone857-362-7300FaxN/AEmployees1,700Year FoundedN/APrice Target and Rating Average Stock Price Target$10.08 High Stock Price Target$23.00 Low Stock Price Target$6.00 Potential Upside/Downside+152.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($6.83) Trailing P/E RatioN/A Forward P/E Ratio10.23 P/E GrowthN/ANet Income$-56,250,000.00 Net Margins-80.93% Pretax Margin-63.47% Return on Equity3.66% Return on Assets1.95% Debt Debt-to-Equity Ratio0.60 Current Ratio2.18 Quick Ratio1.90 Sales & Book Value Annual Sales$294.48 million Price / Sales0.57 Cash FlowN/A Price / Cash FlowN/A Book Value$11.09 per share Price / Book0.36Miscellaneous Outstanding Shares41,780,000Free Float41,280,000Market Cap$166.70 million OptionableOptionable Beta2.57 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesDr. Stefan Ortmanns (Age 60)President, CEO & Director Comp: $1.18MMr. Iqbal Arshad (Age 62)Executive VP & CTO Comp: $906.7kMr. Thomas L. Beaudoin (Age 71)Executive Officer & Director Comp: $868.08kMr. Daniel D. Tempesta (Age 54)Chief Financial Officer Ms. Jennifer SalinasSenior VP, General Counsel & SecretaryMr. Sachin SahneyChief Human Resources OfficerMr. Sujal ShahHead of Professional ServicesMr. Nils SchanzChief Product OfficerMr. Christian MentzChief Revenue OfficerDennis J. CloseVP & TreasurerMore ExecutivesKey CompetitorsAudioEyeNASDAQ:AEYEeGainNASDAQ:EGANKalturaNASDAQ:KLTRCangoNYSE:CANGDomoNASDAQ:DOMOView All CompetitorsInsiders & InstitutionsWalleye Trading LLCSold 1,600 shares on 5/17/2024Ownership: 0.000%Kennedy Capital Management LLCBought 165,519 shares on 5/16/2024Ownership: 0.396%PEAK6 Investments LLCBought 18,600 shares on 5/15/2024Ownership: 0.000%CANADA LIFE ASSURANCE CoBought 556,596 shares on 5/14/2024Ownership: 2.678%Vanguard Group Inc.Bought 131,679 shares on 5/10/2024Ownership: 12.790%View All Insider TransactionsView All Institutional Transactions CRNC Stock Analysis - Frequently Asked Questions Should I buy or sell Cerence stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cerence in the last twelve months. There are currently 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CRNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRNC, but not buy additional shares or sell existing shares. View CRNC analyst ratings or view top-rated stocks. What is Cerence's stock price target for 2024? 6 equities research analysts have issued 12 month price targets for Cerence's shares. Their CRNC share price targets range from $6.00 to $23.00. On average, they anticipate the company's stock price to reach $10.08 in the next year. This suggests a possible upside of 152.7% from the stock's current price. View analysts price targets for CRNC or view top-rated stocks among Wall Street analysts. How have CRNC shares performed in 2024? Cerence's stock was trading at $19.66 at the beginning of 2024. Since then, CRNC shares have decreased by 79.7% and is now trading at $3.99. View the best growth stocks for 2024 here. When is Cerence's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our CRNC earnings forecast. How were Cerence's earnings last quarter? Cerence Inc. (NASDAQ:CRNC) posted its quarterly earnings results on Monday, November, 27th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.15 by $0.06. The business had revenue of $80.80 million for the quarter, compared to analyst estimates of $74.37 million. Cerence had a negative net margin of 80.93% and a positive trailing twelve-month return on equity of 3.66%. Cerence's revenue for the quarter was up 39.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.27) earnings per share. What ETFs hold Cerence's stock? ETFs with the largest weight of Cerence (NASDAQ:CRNC) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR). What guidance has Cerence issued on next quarter's earnings? Cerence issued an update on its third quarter 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share guidance of -0.010-0.130 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $66.0 million-$72.0 million, compared to the consensus revenue estimate of $75.5 million. What other stocks do shareholders of Cerence own? Based on aggregate information from My MarketBeat watchlists, some companies that other Cerence investors own include NVIDIA (NVDA), Block (SQ), Fastly (FSLY), DocuSign (DOCU), PayPal (PYPL), Shopify (SHOP), Teladoc Health (TDOC), Alteryx (AYX), Lumentum (LITE) and Salesforce (CRM). Who are Cerence's major shareholders? Cerence's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.79%), CANADA LIFE ASSURANCE Co (2.68%), Pinnacle Associates Ltd. (1.49%), Mirae Asset Global Investments Co. Ltd. (0.86%), Principal Financial Group Inc. (0.52%) and Kennedy Capital Management LLC (0.40%). Insiders that own company stock include Christophe Couvreur, Iqbal Arshad, Leanne Fitzgerald, Mark J Gallenberger, Prateek Kathpal, Sanjay Dhawan, Stefan Ortmanns and Thomas L Beaudoin. View institutional ownership trends. How do I buy shares of Cerence? Shares of CRNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CRNC) was last updated on 5/18/2024 by MarketBeat.com Staff From Our PartnersDems have chosen Biden replacement?Paradigm PressCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingThe Overlooked Retirement Asset You Probably Don’t OwnCrypto 101 MediaCrypto Pioneer Says: “The last crypto bull market has begun.”InvestorPlaceI’m afraid WWIII is a very real possibility Porter & CompanyPOTUS in ‘25 Not Biden/Trump, ButThe Freeport SocietyMissed NVDA? Buy this AI stock NOWChaikin AnalyticsUrgent Nvidia WarningAltimetry Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cerence Inc. 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