Vocera Communications, Inc. (VCRA) Receives Average Rating of “Buy” from Brokerages
Vocera Communications, Inc. (NYSE:VCRA) has earned an average rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.20.
A number of brokerages recently issued reports on VCRA. Zacks Investment Research raised shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, September 29th. BidaskClub raised shares of Vocera Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Cantor Fitzgerald restated a “buy” rating and set a $35.00 target price on shares of Vocera Communications in a report on Thursday, October 26th. Oppenheimer Holdings, Inc. raised their target price on shares of Vocera Communications from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Leerink Swann restated an “outperform” rating and set a $34.00 target price (up from $31.00) on shares of Vocera Communications in a report on Tuesday, September 12th.
In other news, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $27.86, for a total transaction of $139,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul T. Johnson sold 4,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $28.11, for a total value of $112,440.00. Following the sale, the executive vice president now directly owns 162,134 shares of the company’s stock, valued at $4,557,586.74. The disclosure for this sale can be found here. Insiders sold 27,000 shares of company stock worth $784,710 over the last quarter. 6.30% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC purchased a new position in Vocera Communications in the 2nd quarter worth approximately $14,907,000. Alliancebernstein L.P. boosted its holdings in Vocera Communications by 20.0% in the second quarter. Alliancebernstein L.P. now owns 1,424,419 shares of the communications equipment provider’s stock worth $37,633,000 after acquiring an additional 236,941 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Vocera Communications by 159.5% in the second quarter. Wells Fargo & Company MN now owns 276,424 shares of the communications equipment provider’s stock worth $7,302,000 after purchasing an additional 169,900 shares during the last quarter. Renaissance Technologies LLC increased its position in Vocera Communications by 11.3% during the second quarter. Renaissance Technologies LLC now owns 1,364,000 shares of the communications equipment provider’s stock valued at $36,037,000 after acquiring an additional 138,100 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Vocera Communications by 88.1% during the second quarter. Russell Investments Group Ltd. now owns 283,000 shares of the communications equipment provider’s stock valued at $7,477,000 after acquiring an additional 132,531 shares during the last quarter.
Vocera Communications (NYSE:VCRA) traded down $0.55 during mid-day trading on Thursday, reaching $26.15. 52,469 shares of the company’s stock traded hands, compared to its average volume of 179,961. Vocera Communications has a 12 month low of $16.10 and a 12 month high of $32.23.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. The business had revenue of $42.30 million during the quarter, compared to the consensus estimate of $41.44 million. During the same period in the prior year, the firm earned $0.08 EPS. Vocera Communications’s quarterly revenue was up 25.3% compared to the same quarter last year. sell-side analysts predict that Vocera Communications will post -0.41 EPS for the current fiscal 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 segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.
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.