Vocera Communications Inc. (VCRA) Given a $22.00 Price Target by Oppenheimer Holdings Inc. Analysts
Vocera Communications Inc. (NYSE:VCRA) has been given a $22.00 price objective by equities researchers at Oppenheimer Holdings Inc. in a report issued on Tuesday. The firm presently has a “buy” rating on the stock. Oppenheimer Holdings Inc.’s price objective indicates a potential upside of 24.15% from the stock’s current price.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised Vocera Communications from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, August 3rd. Leerink Swann reaffirmed an “outperform” rating and set a $20.00 price target (up from $18.00) on shares of Vocera Communications in a research note on Thursday, September 8th. Finally, FBR & Co upped their price target on Vocera Communications from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Nine analysts have rated the stock with a buy rating, Vocera Communications has an average rating of “Buy” and an average target price of $18.81.
Shares of Vocera Communications (NYSE:VCRA) opened at 17.72 on Tuesday. The firm’s market capitalization is $484.70 million. Vocera Communications has a 52-week low of $10.46 and a 52-week high of $20.00. The stock has a 50 day moving average price of $17.80 and a 200-day moving average price of $15.04.
Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $33.76 million for the quarter, compared to the consensus estimate of $30.71 million. Vocera Communications had a negative return on equity of 9.06% and a negative net margin of 8.72%. The firm’s revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. Equities analysts forecast that Vocera Communications will post $0.05 EPS for the current year.
In other news, CEO Brent D. Lang sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $16.02, for a total value of $64,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brent D. Lang sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. The disclosure for this sale can be found here. 13.60% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in VCRA. Blair William & Co. IL acquired a new position in Vocera Communications during the second quarter valued at about $132,000. Wrapmanager Inc. acquired a new position in Vocera Communications during the second quarter valued at about $143,000. Cubist Systematic Strategies LLC raised its position in Vocera Communications by 24.3% in the second quarter. Cubist Systematic Strategies LLC now owns 12,893 shares of the company’s stock valued at $166,000 after buying an additional 2,518 shares in the last quarter. Bank of Montreal Can acquired a new position in Vocera Communications during the second quarter valued at about $177,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Vocera Communications during the third quarter valued at about $179,000. 94.25% of the stock is owned by institutional investors.
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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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