Vocera Communications Inc (VCRA) Receives $33.14 Consensus Target Price from Brokerages

Vocera Communications Inc (NYSE:VCRA) has been assigned an average recommendation of “Buy” from the eleven brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $33.14.

Several research firms recently weighed in on VCRA. BidaskClub upgraded shares of Vocera Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Cantor Fitzgerald restated a “buy” rating and set a $30.00 price target on shares of Vocera Communications in a research report on Tuesday, September 26th. Citigroup began coverage on shares of Vocera Communications in a research report on Thursday, January 4th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Friday, September 29th. Finally, Craig Hallum restated a “buy” rating and set a $36.00 price target on shares of Vocera Communications in a research report on Monday, November 27th.

In other Vocera Communications news, EVP Paul T. Johnson sold 12,977 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $26.75, for a total transaction of $347,134.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Douglas Alan Carlen sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $25.66, for a total transaction of $51,320.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,954 shares of company stock worth $1,074,824. Insiders own 6.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in VCRA. Schwab Charles Investment Management Inc. lifted its holdings in shares of Vocera Communications by 17.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 47,900 shares of the communications equipment provider’s stock worth $1,266,000 after buying an additional 7,100 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Vocera Communications by 9.7% in the second quarter. Rhumbline Advisers now owns 30,711 shares of the communications equipment provider’s stock worth $811,000 after buying an additional 2,711 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Vocera Communications by 33.9% in the second quarter. Bank of New York Mellon Corp now owns 196,312 shares of the communications equipment provider’s stock worth $5,186,000 after buying an additional 49,720 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Vocera Communications by 11.2% in the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after buying an additional 671 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Vocera Communications in the second quarter worth about $215,000.

Vocera Communications (NYSE:VCRA) traded up $0.06 during midday trading on Tuesday, hitting $25.96. 594,939 shares of the stock traded hands, compared to its average volume of 152,987. Vocera Communications has a 12-month low of $19.02 and a 12-month high of $32.23.

Vocera Communications (NYSE:VCRA) last posted its earnings results 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 firm had revenue of $42.30 million during the quarter, compared to analyst estimates of $41.44 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue was up 25.3% compared to the same quarter last year. research analysts expect that Vocera Communications will post -0.43 earnings per share for the current year.

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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.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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