Analysts Set Vocera Communications Inc. (VCRA) Target Price at $18.81
Vocera Communications Inc. (NYSE:VCRA) has earned an average rating of “Buy” from the nine research firms that are currently covering the stock. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.81.
VCRA has been the topic of several recent research reports. Leerink Swann restated an “outperform” rating and set a $20.00 target price (up previously from $18.00) on shares of Vocera Communications in a research report on Thursday, September 8th. Oppenheimer Holdings Inc. set a $22.00 target price on Vocera Communications and gave the stock a “buy” rating in a research report on Thursday, October 27th. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, August 3rd. Finally, FBR & Co increased their target price on Vocera Communications from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th.
Shares of Vocera Communications (NYSE:VCRA) opened at 16.47 on Thursday. The firm’s market cap is $450.50 million. The company’s 50 day moving average price is $17.83 and its 200 day moving average price is $14.73. Vocera Communications has a 12-month low of $10.46 and a 12-month high of $20.00.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. Vocera Communications had a negative return on equity of 9.06% and a negative net margin of 8.72%. The business had revenue of $33.76 million for the quarter, compared to the consensus estimate of $30.71 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Vocera Communications’s revenue for the quarter was up 27.6% on a year-over-year basis. Equities research analysts forecast that Vocera Communications will post $0.05 EPS for the current year.
In other news, CFO Justin Spencer sold 39,000 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $18.07, for a total value of $704,730.00. Following the transaction, the chief financial officer now owns 198,399 shares of the company’s stock, valued at $3,585,069.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brent D. Lang sold 2,000 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by insiders.
Several hedge funds and other 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 $6,944,000 after buying an additional 485,363 shares in the last quarter. Hood River Capital Management LLC purchased a new position in Vocera Communications during the third quarter worth approximately $7,722,000. Tygh Capital Management Inc. purchased a new position in Vocera Communications during the third quarter worth approximately $4,229,000. Boston Partners boosted its position in Vocera Communications by 53.6% in the second quarter. Boston Partners now owns 600,511 shares of the company’s stock worth $7,716,000 after buying an additional 209,461 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Vocera Communications by 49.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 605,538 shares of the company’s stock worth $10,234,000 after buying an additional 200,766 shares in the last quarter. 92.14% of the stock is currently owned by hedge funds and other institutional investors.
Vocera Communications Company Profile
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.
Receive News & Stock Ratings for Vocera Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vocera Communications Inc. and related stocks with our FREE daily email newsletter.