Brokerages Set Vocera Communications Inc. (NYSE:VCRA) Target Price at $18.36
Vocera Communications Inc. (NYSE:VCRA) has received an average recommendation of “Buy” from the nine analysts that are covering the stock. Nine research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $18.36.
VCRA has been the topic of several research reports. Zacks Investment Research lowered shares of Vocera Communications from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Leerink Swann reissued an “outperform” rating and issued a $18.00 price target (up previously from $16.00) on shares of Vocera Communications in a research report on Sunday, July 31st. FBR & Co boosted their price target on shares of Vocera Communications from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Finally, Raymond James Financial Inc. started coverage on shares of Vocera Communications in a research report on Wednesday, July 13th. They issued an “outperform” rating and a $16.50 price target on the stock.
In other Vocera Communications news, Director Robert Zollars sold 65,500 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $17.35, for a total value of $1,136,425.00. Following the completion of the transaction, the director now owns 37,463 shares of the company’s stock, valued at approximately $649,983.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul T. Johnson sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $17.44, for a total transaction of $69,760.00. Following the completion of the transaction, the executive vice president now directly owns 170,961 shares of the company’s stock, valued at approximately $2,981,559.84. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Elk Creek Partners LLC boosted its position in Vocera Communications by 83.7% in the second quarter. Elk Creek Partners LLC now owns 1,065,247 shares of the company’s stock worth $13,688,000 after buying an additional 485,363 shares in the last quarter. Eqis Capital Management Inc. bought a new position in Vocera Communications during the second quarter worth approximately $273,000. UBS Group AG boosted its position in Vocera Communications by 1.1% in the first quarter. UBS Group AG now owns 141,091 shares of the company’s stock worth $1,799,000 after buying an additional 1,477 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Vocera Communications during the second quarter worth approximately $2,568,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Vocera Communications during the second quarter worth approximately $525,000. 92.82% of the stock is owned by institutional investors and hedge funds.
Shares of Vocera Communications (NYSE:VCRA) opened at 18.43 on Thursday. The firm has a 50-day moving average of $16.83 and a 200-day moving average of $13.79. Vocera Communications has a 12 month low of $10.08 and a 12 month high of $18.59. The firm’s market cap is $497.98 million.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Vocera Communications had a negative net margin of 12.19% and a negative return on equity of 12.43%. The company had revenue of $31.10 million for the quarter, compared to analyst estimates of $27.90 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. On average, analysts anticipate that Vocera Communications will post $0.05 EPS for the current year.
About Vocera Communications
Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s solutions include the Vocera Communication System, Vocera Care Experience Suite and its Experience Innovation Network. Its two segments include Product and Service.
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