Cerence (CRNC) Receives a Hold from Robert W. Baird

Robert W. Baird analyst Research Report) on August 9 and set a price target of $26.00. The company’s shares closed yesterday at $23.68.

According to TipRanks, Junk is an analyst with an average return of -4.0% and a 41.18% success rate. Junk covers the Industrial Goods sector, focusing on stocks such as Littelfuse, Gentherm, and Allison Transmission Holdings.

In addition to Robert W. Baird, Cerence also received a Hold from Craig-Hallum’s Jeff Van Rhee in a report issued yesterday. However, on the same day, Cowen & Co. maintained a Buy rating on Cerence (NASDAQ: CRNC).

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CRNC market cap is currently $917.4M and has a P/E ratio of (12.52).

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRNC in relation to earlier this year.

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Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. It also engages in the sale of software licenses and cloud-connected services. The company was founded on February 14, 2019 and is headquartered in Burlington, MA.

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