Vocera Communications (NYSE:VCRA) has received an average recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $34.33.
A number of research firms have recently weighed in on VCRA. Zacks Investment Research raised Vocera Communications from a “sell” rating to a “hold” rating in a report on Saturday, April 21st. Cantor Fitzgerald reissued a “buy” rating and issued a $35.00 price target on shares of Vocera Communications in a report on Tuesday, March 27th. Leerink Swann cut Vocera Communications from an “outperform” rating to a “market perform” rating and set a $29.00 price target for the company. in a report on Tuesday, March 13th. They noted that the move was a valuation call. Finally, Chardan Capital reissued a “buy” rating and issued a $35.00 price target (down from $37.00) on shares of Vocera Communications in a report on Monday, February 12th.
Vocera Communications traded up $0.08, hitting $25.96, during midday trading on Monday, MarketBeat reports. 6,626 shares of the stock were exchanged, compared to its average volume of 266,411. The stock has a market cap of $770.09 million, a PE ratio of -86.67 and a beta of -0.18. Vocera Communications has a fifty-two week low of $22.43 and a fifty-two week high of $32.23.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings data on Thursday, April 26th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.09. The firm had revenue of $40.20 million during the quarter, compared to analysts’ expectations of $39.16 million. Vocera Communications had a negative return on equity of 5.95% and a negative net margin of 7.42%. Vocera Communications’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. sell-side analysts anticipate that Vocera Communications will post -0.23 EPS for the current year.
In other news, CEO Brent D. Lang sold 10,000 shares of the business’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $25.83, for a total value of $258,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 40,283 shares of company stock valued at $1,057,522. Insiders own 4.90% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Vocera Communications by 1.8% in the fourth 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 during the period. Alliancebernstein L.P. grew its position in shares of Vocera Communications by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 1,597,525 shares of the communications equipment provider’s stock valued at $48,277,000 after purchasing an additional 103,389 shares during the period. Renaissance Technologies LLC grew its position in shares of Vocera Communications by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the communications equipment provider’s stock valued at $47,385,000 after purchasing an additional 96,200 shares during the period. Clearbridge Investments LLC grew its position in shares of Vocera Communications by 2.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,337,386 shares of the communications equipment provider’s stock valued at $40,416,000 after purchasing an additional 27,287 shares during the period. Finally, Conestoga Capital Advisors LLC grew its position in shares of Vocera Communications by 18.4% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,076,350 shares of the communications equipment provider’s stock valued at $32,527,000 after purchasing an additional 167,555 shares during the period.
About Vocera Communications
Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.
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