Cantor Fitzgerald reaffirmed their overweight rating on shares of Vocera Communications (NYSE:VCRA) in a report issued on Thursday, The Fly reports. The brokerage currently has a $40.00 target price on the communications equipment provider’s stock, up from their previous target price of $37.00.

Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of Vocera Communications from a buy rating to a strong-buy rating in a research report on Friday, May 3rd. Guggenheim began coverage on shares of Vocera Communications in a research report on Wednesday, April 17th. They issued a buy rating and a $35.00 price objective for the company. Dougherty & Co raised shares of Vocera Communications from a neutral rating to a buy rating and set a $39.00 price objective for the company in a research report on Thursday, February 28th. Chardan Capital lowered shares of Vocera Communications from a buy rating to a neutral rating and dropped their price objective for the stock from $46.00 to $33.00 in a research report on Monday, February 11th. Finally, Zacks Investment Research lowered shares of Vocera Communications from a buy rating to a hold rating in a research report on Saturday, February 9th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $39.30.

Shares of VCRA stock opened at $33.26 on Thursday. Vocera Communications has a one year low of $25.61 and a one year high of $42.60. The company has a quick ratio of 4.46, a current ratio of 4.57 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.04 billion, a P/E ratio of -195.65 and a beta of 0.24.

Vocera Communications (NYSE:VCRA) last issued its quarterly earnings results on Thursday, April 25th. The communications equipment provider reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.22. Vocera Communications had a negative net margin of 9.52% and a negative return on equity of 7.87%. The firm had revenue of $35.30 million during the quarter, compared to analyst estimates of $34.03 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. Vocera Communications’s revenue for the quarter was down 12.2% compared to the same quarter last year. Research analysts anticipate that Vocera Communications will post -0.33 EPS for the current year.

In other news, insider Mary Bridget Duffy sold 31,545 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $32.21, for a total value of $1,016,064.45. Following the completion of the sale, the insider now owns 90,873 shares of the company’s stock, valued at $2,927,019.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Brent D. Lang sold 24,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $35.06, for a total transaction of $841,440.00. The disclosure for this sale can be found here. Insiders sold 98,377 shares of company stock valued at $3,289,895 in the last three months. Company insiders own 3.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in VCRA. Bank of New York Mellon Corp boosted its stake in shares of Vocera Communications by 17.8% in the third quarter. Bank of New York Mellon Corp now owns 196,821 shares of the communications equipment provider’s stock valued at $7,200,000 after purchasing an additional 29,688 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Vocera Communications in the third quarter valued at $1,065,000. Teachers Advisors LLC boosted its stake in shares of Vocera Communications by 1.9% in the third quarter. Teachers Advisors LLC now owns 80,530 shares of the communications equipment provider’s stock valued at $2,946,000 after purchasing an additional 1,485 shares during the period. Morgan Stanley boosted its stake in shares of Vocera Communications by 77.3% in the third quarter. Morgan Stanley now owns 304,300 shares of the communications equipment provider’s stock valued at $11,132,000 after purchasing an additional 132,686 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Vocera Communications by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,382,125 shares of the communications equipment provider’s stock valued at $50,558,000 after purchasing an additional 21,962 shares during the period.

About Vocera Communications

Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.

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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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