Vocera Communications, Inc. (NYSE:VCRA) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, October 18th.
Several other research analysts have also weighed in on VCRA. Cantor Fitzgerald restated a “buy” rating and set a $30.00 price objective on shares of Vocera Communications in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Friday, September 29th. Leerink Swann reiterated an “outperform” rating and issued a $34.00 price target (up previously from $31.00) on shares of Vocera Communications in a research note on Tuesday, September 12th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $32.00 price target on shares of Vocera Communications in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $32.67.
Vocera Communications (NYSE:VCRA) traded down 4.64% during trading on Wednesday, reaching $28.75. The company’s stock had a trading volume of 588,495 shares. The firm’s market capitalization is $836.74 million. Vocera Communications has a 52 week low of $16.10 and a 52 week high of $32.23. The firm has a 50-day moving average price of $29.95 and a 200-day moving average price of $27.21.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $42.30 million for the quarter, compared to analyst estimates of $41.44 million. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.51%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. On average, equities analysts anticipate that Vocera Communications will post $0.16 EPS for the current fiscal year.
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In other Vocera Communications news, Director Sharon O’keefe sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $31.17, for a total value of $62,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Douglas Alan Carlen sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $29.78, for a total transaction of $178,680.00. Following the completion of the transaction, the general counsel now owns 66,542 shares of the company’s stock, valued at $1,981,620.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,000 shares of company stock valued at $789,260. 6.30% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of VCRA. UBS Asset Management Americas Inc. increased its position in shares of Vocera Communications by 2,931.3% during the first quarter. UBS Asset Management Americas Inc. now owns 387,066 shares of the communications equipment provider’s stock worth $9,611,000 after buying an additional 374,297 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Vocera Communications during the first quarter worth $216,000. Sei Investments Co. increased its position in shares of Vocera Communications by 12.9% during the first quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock worth $143,000 after buying an additional 658 shares during the period. American International Group Inc. increased its position in shares of Vocera Communications by 7.1% during the first quarter. American International Group Inc. now owns 15,235 shares of the communications equipment provider’s stock worth $378,000 after buying an additional 1,006 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Vocera Communications by 35.6% during the first quarter. PNC Financial Services Group Inc. now owns 21,405 shares of the communications equipment provider’s stock worth $533,000 after buying an additional 5,621 shares during the period.
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 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.
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