Vocera Communications (NYSE:VCRA) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of Vocera Communications (NYSE:VCRA) in a research note issued to investors on Thursday, January 4th, The Fly reports. The firm issued a buy rating on the communications equipment provider’s stock.

Other equities analysts also recently issued reports about the company. Oppenheimer reaffirmed a buy rating and set a $32.00 price target on shares of Vocera Communications in a research report on Friday, September 22nd. Craig Hallum reissued a buy rating and issued a $36.00 target price on shares of Vocera Communications in a research report on Monday, November 27th. BidaskClub raised Vocera Communications from a buy rating to a strong-buy rating in a research report on Wednesday, September 27th. Robert W. Baird began coverage on Vocera Communications in a research report on Wednesday, December 20th. They set an outperform rating and a $35.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed a buy rating and set a $35.00 price target on shares of Vocera Communications in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $33.13.

Shares of Vocera Communications (NYSE VCRA) opened at $28.29 on Thursday. Vocera Communications has a twelve month low of $19.02 and a twelve month high of $32.23. The stock has a market capitalization of $826.55, a PE ratio of -29.78 and a beta of -0.42.

Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The business had revenue of $42.30 million during the quarter, compared to analyst estimates of $41.44 million. Vocera Communications had a negative return on equity of 15.55% and a negative net margin of 17.42%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. equities analysts predict that Vocera Communications will post -0.43 EPS for the current fiscal year.

In related news, Director Sharon O’keefe sold 2,000 shares of Vocera Communications stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the director now owns 42,127 shares in the company, valued at approximately $1,271,392.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $26.78, for a total transaction of $133,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock valued at $536,380 in the last 90 days. Insiders own 6.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Nicholas Investment Partners LP lifted its position in shares of Vocera Communications by 0.3% during the 2nd quarter. Nicholas Investment Partners LP now owns 127,668 shares of the communications equipment provider’s stock worth $3,371,000 after purchasing an additional 411 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Vocera Communications by 11.2% during the 2nd quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after purchasing an additional 671 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Vocera Communications by 1.8% during the 2nd quarter. California State Teachers Retirement System now owns 49,585 shares of the communications equipment provider’s stock worth $1,310,000 after purchasing an additional 900 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Vocera Communications by 6.9% during the 2nd quarter. Voya Investment Management LLC now owns 15,146 shares of the communications equipment provider’s stock worth $400,000 after purchasing an additional 982 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Vocera Communications by 36.1% during the 2nd quarter. Sei Investments Co. now owns 7,853 shares of the communications equipment provider’s stock worth $207,000 after purchasing an additional 2,082 shares during the last quarter.

WARNING: “Vocera Communications (NYSE:VCRA) Coverage Initiated by Analysts at Citigroup” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/01/11/vocera-communications-vcra-now-covered-by-analysts-at-citigroup.html.

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.

The Fly

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

Receive News & Ratings for Vocera Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vocera Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply