Vocera Communications Inc (NYSE:VCRA) dropped 9.1% during mid-day trading on Tuesday . The stock traded as low as $24.42 and last traded at $24.79. Approximately 1,327,588 shares changed hands during mid-day trading, an increase of 380% from the average daily volume of 276,822 shares. The stock had previously closed at $27.27.
VCRA has been the subject of several recent research reports. Chardan Capital reissued a “buy” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Vocera Communications in a research report on Monday, February 12th. Robert W. Baird initiated coverage on shares of Vocera Communications in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $35.00 price objective for the company. Zacks Investment Research raised shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, December 28th. Leerink Swann dropped their price objective on shares of Vocera Communications from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Finally, Citigroup initiated coverage on shares of Vocera Communications in a research report on Thursday, January 4th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Vocera Communications currently has an average rating of “Buy” and a consensus price target of $32.78.
The stock has a market capitalization of $790.61, a price-to-earnings ratio of -48.61 and a beta of -0.40.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. The business had revenue of $45.50 million during the quarter, compared to analyst estimates of $43.72 million. Vocera Communications had a negative net margin of 8.75% and a negative return on equity of 8.11%. Vocera Communications’s revenue was up 26.4% on a year-over-year basis. sell-side analysts expect that Vocera Communications Inc will post -0.24 EPS for the current fiscal year.
In related news, EVP Paul T. Johnson sold 12,977 shares of the firm’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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sharon O’keefe sold 2,000 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the sale, the director now directly owns 42,127 shares of the company’s stock, valued at $1,271,392.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,205 shares of company stock valued at $2,631,039. Company insiders own 6.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Vocera Communications by 1.8% during the 4th quarter. BlackRock Inc. now owns 2,062,285 shares of the communications equipment provider’s stock valued at $62,322,000 after purchasing an additional 35,896 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Vocera Communications by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,597,525 shares of the communications equipment provider’s stock valued at $48,277,000 after acquiring an additional 103,389 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Vocera Communications by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the communications equipment provider’s stock valued at $47,385,000 after acquiring an additional 96,200 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Vocera Communications by 2.1% during the 4th quarter. Clearbridge Investments LLC now owns 1,337,386 shares of the communications equipment provider’s stock valued at $40,416,000 after acquiring an additional 27,287 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in Vocera Communications by 18.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,076,350 shares of the communications equipment provider’s stock valued at $32,527,000 after acquiring an additional 167,555 shares during the last quarter.
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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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