NASDAQ:CRNC Cerence (CRNC) Stock Price, News & Analysis $3.27 +0.09 (+2.83%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$3.18▼$3.3250-Day Range$2.62▼$4.1352-Week Range$2.55▼$28.10Volume602,808 shsAverage Volume1.11 million shsMarket Capitalization$136.62 millionP/E RatioN/ADividend YieldN/APrice Target$8.64 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Cerence alerts: Email Address Cerence MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside164.3% Upside$8.64 Price TargetShort InterestBearish19.58% of Shares Sold ShortDividend StrengthN/ASustainability-1.68Upright™ Environmental ScoreNews Sentiment0.44Based on 4 Articles This WeekInsider TradingSelling Shares$181,203 Sold Last QuarterProj. Earnings GrowthDecreasingFrom $0.10 to ($0.89) 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.3.94 out of 5 starsComputer And Technology Sector214th out of 612 stocksPrepackaged Software Industry71st out of 202 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, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageCerence has been the subject of 7 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 Shorted19.58% of the outstanding shares of Cerence have been sold short.Short Interest Ratio / Days to CoverCerence has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in Cerence has recently increased by 13.93%, indicating that investor sentiment is decreasing significantly. 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 2.5 News and Social Media Coverage News SentimentCerence has a news sentiment score of 0.44. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Cerence this week, compared to 2 articles on an average week.Search InterestOnly 5 people have searched for CRNC on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.MarketBeat Follows4 people have added Cerence to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $181,203.00 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 $0.10 to ($0.89) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cerence is -0.48, 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 -0.48, 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 0.19. 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 Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. 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 HeadlinesJuly 26 at 3:50 PM | seekingalpha.comCerence: Near-Term Uncertainties Have Dimmed Its Promising Growth OutlookJuly 26 at 3:50 PM | seekingalpha.comAristotle Small Cap Equity Q2 2024 CommentaryJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 2, 2024 | globenewswire.comCerence Announces Expanded Role for Chief Product Officer Nils SchanzJune 27, 2024 | globenewswire.comAudi Selects Cerence Generative AI to Expand Capabilities of its In-Car AssistantJune 26, 2024 | investorplace.com7 Hidden-Gem AI Stocks That Deserve the SpotlightJune 12, 2024 | globenewswire.comCerence Appoints Jennifer Salinas, SVP & General Counsel, to New Role of EVP & Chief Administrative OfficerJune 4, 2024 | globenewswire.comCerence Names Tony Rodriquez as Interim Chief Financial OfficerJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.May 29, 2024 | globenewswire.comCerence to Power Zeekr Multilingual AI AssistantMay 18, 2024 | morningstar.comCerence Inc Ordinary SharesMay 17, 2024 | markets.businessinsider.comCraig-Hallum Keeps Their Hold Rating on Cerence (CRNC)May 16, 2024 | 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 StockSee 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 Earnings5/09/2024Today7/26/2024Next Earnings (Estimated)8/13/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:CRNC CUSIPN/A CIK1768267 Webwww.cerence.com Phone857-362-7300FaxN/AEmployees1,700Year FoundedN/APrice Target and Rating Average Stock Price Target$8.64 High Stock Price Target$23.00 Low Stock Price Target$3.00 Potential Upside/Downside+165.9%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($6.83) Trailing P/E RatioN/A Forward P/E Ratio32.50 P/E GrowthN/ANet Income$-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 Ratio2.18 Sales & Book Value Annual Sales$294.48 million Price / Sales0.46 Cash FlowN/A Price / Cash FlowN/A Book Value$17.23 per share Price / Book0.19Miscellaneous Outstanding Shares41,780,000Free Float41,280,000Market Cap$135.79 million OptionableOptionable Beta2.36 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. 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 CompetitorsOneSpanNASDAQ:OSPNDouYu InternationalNASDAQ:DOYUSilvaco GroupNASDAQ:SVCOEventbriteNYSE:EBHealth CatalystNASDAQ:HCATView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 299,903 shares on 7/26/2024Ownership: 0.431%Allspring Global Investments Holdings LLCBought 11,618 shares on 7/26/2024Ownership: 0.032%Simplicity Wealth LLCBought 12,525 shares on 7/10/2024Ownership: 0.030%Thomas L BeaudoinSold 5,000 sharesTotal: $14,050.00 ($2.81/share)Stefan OrtmannsSold 9,542 sharesTotal: $31,393.18 ($3.29/share)View All Insider TransactionsView All Institutional Transactions CRNC Stock Analysis - Frequently Asked Questions How have CRNC shares performed this year? Cerence's stock was trading at $19.66 at the beginning of the year. Since then, CRNC shares have decreased by 83.4% and is now trading at $3.27. View the best growth stocks for 2024 here. How were Cerence's earnings last quarter? Cerence Inc. (NASDAQ:CRNC) announced its earnings results on Thursday, May, 9th. The company reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.46) by $0.26. The business earned $67.83 million during the quarter, compared to analyst estimates of $62.22 million. Cerence had a positive trailing twelve-month return on equity of 3.66% and a negative net margin of 80.93%. Who are Cerence's major shareholders? Top institutional shareholders of Cerence include Bank of New York Mellon Corp (0.43%), Allspring Global Investments Holdings LLC (0.03%) and Simplicity Wealth LLC (0.03%). Insiders that own company stock include Stefan Ortmanns, Iqbal Arshad, Prateek Kathpal, Christophe Couvreur, Mark J Gallenberger, Leanne Fitzgerald and Sanjay Dhawan. 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. What other stocks do shareholders of Cerence own? Based on aggregate information from My MarketBeat watchlists, some other companies that Cerence investors own include NVIDIA (NVDA), Block (SQ), Fastly (FSLY), DocuSign (DOCU), PayPal (PYPL), Shopify (SHOP) and Teladoc Health (TDOC). This page (NASDAQ:CRNC) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. 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