Cerence (CRNC)

• Market cap: $407M
• 1 day: -6.82%
• 5 days: -5.89%
• 1 month: -35.06%
• 3 months: 28.12%
• 6 months: 225.17%
• Year to date: 18.92%
• 1 year: -37.76%
• 5 years: -46.48%
• 10 years: -38.57%
• Sector: Information Technology
• Industry: Prepackaged Software

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: 1,400

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

128% more capital invested

Capital invested by funds: $114M [Q3] → $259M (+$145M) [Q4]

110% more call options, than puts

Call options by funds: $12.1M | Put options by funds: $5.75M

30% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 30

13% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 39

3% more funds holding

Funds holding: 157 [Q3] → 161 (+4) [Q4]

3.83% less ownership

Funds ownership: 80.65% [Q3] → 76.81% (-3.83%) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $9 5% downside
• Avg. target: $13 38% upside
• High target: $16 70% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Evercore ISI Group Chris McNally 25% 1-year accuracy 2 / 8 met price target	5% downside $9	In-Line Maintained	18 Feb 2025
Needham Quinn Bolton 26% 1-year accuracy 38 / 145 met price target	70% upside $16	Buy Reiterated	7 Feb 2025
Goldman Sachs Mark Delaney 38% 1-year accuracy 10 / 26 met price target	48% upside $14	Neutral Maintained	16 Jan 2025