Vocera Communications Inc (NYSE:VCRA) has been assigned an average rating of “Buy” from the twelve brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $33.00.
A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $35.00 price target on shares of Vocera Communications in a research note on Monday, January 22nd. Craig Hallum reaffirmed a “buy” rating and set a $36.00 price target on shares of Vocera Communications in a research note on Monday, November 27th. Oppenheimer upped their price target on shares of Vocera Communications from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Chardan Capital assumed coverage on shares of Vocera Communications in a research note on Tuesday, January 30th. They set a “buy” rating and a $37.00 price target on the stock. Finally, Citigroup assumed coverage on shares of Vocera Communications in a research note on Thursday, January 4th. They set a “buy” rating on the stock.
Vocera Communications (NYSE VCRA) traded up $0.50 during trading on Friday, reaching $26.35. 163,483 shares of the company were exchanged, compared to its average volume of 324,010. The stock has a market capitalization of $755.26, a P/E ratio of -51.67 and a beta of -0.49. Vocera Communications has a 52 week low of $19.48 and a 52 week high of $32.23.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. The company had revenue of $45.50 million for the quarter, compared to the consensus estimate of $43.72 million. Vocera Communications had a negative net margin of 8.75% and a negative return on equity of 8.29%. The business’s revenue was up 26.4% on a year-over-year basis. analysts anticipate that Vocera Communications will post -0.24 EPS for the current fiscal year.
In other Vocera Communications news, EVP Paul T. Johnson sold 12,977 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is available at the SEC website. Also, EVP Paul T. Johnson sold 3,606 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $25.86, for a total transaction of $93,251.16. Following the transaction, the executive vice president now owns 145,945 shares in the company, valued at approximately $3,774,137.70. The disclosure for this sale can be found here. Insiders have sold 78,922 shares of company stock worth $2,224,767 in the last quarter. Company insiders own 6.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of VCRA. Legal & General Group Plc increased its position in Vocera Communications by 11.2% during the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock valued at $177,000 after acquiring an additional 671 shares during the last quarter. Redmile Group LLC bought a new position in shares of Vocera Communications in the fourth quarter worth about $212,000. JPMorgan Chase & Co. bought a new position in shares of Vocera Communications in the second quarter worth about $215,000. Jefferies Group LLC bought a new position in shares of Vocera Communications in the fourth quarter worth about $228,000. Finally, Comerica Bank bought a new position in shares of Vocera Communications in the third quarter worth about $239,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
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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.
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