CRNC stock icon

Cerence
CRNC

$3.21
7.41%
 

About: Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific.

Employees: 1,700

0
Funds holding %
of 6,665 funds
0
Analysts bullish %
of 14 analysts
0
News positive %
of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

13% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 54

5.6% more ownership

Funds ownership: 92.55% [Q4 2023] → 98.15% (+5.6%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

13% less capital invested

Capital invested by funds: $749M [Q4 2023] → $648M (-$101M) [Q1 2024]

15% less funds holding

Funds holding: 213 [Q4 2023] → 182 (-31) [Q1 2024]

43% less call options, than puts

Call options by funds: $1.49M | Put options by funds: $2.61M

60% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 52

Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$6
87%
upside
Avg. target
$16.39
411%
upside
High target
$25
679%
upside

14 analyst ratings

positive
29%
10 neutral
71%
negative
0%
Goldman Sachs
Mark Delaney
87%upside
$6
Neutral
Maintained
13 May 2024
Craig-Hallum
Jeff Van Rhee
149%upside
$8
Hold
Maintained
10 May 2024
Wedbush
Daniel Ives
180%upside
$9
Neutral
Maintained
10 May 2024
Wells Fargo
Colin Langan
102%upside
$6.5
Equal-Weight
Downgraded
10 May 2024
Baird
Luke Junk
149%upside
$8
Neutral
Maintained
10 May 2024

Financial journalist opinion

Based on 7 articles about CRNC published over the past 30 days