BTIG Research Begins Coverage on Vocera Communications (NYSE:VCRA)

BTIG Research initiated coverage on shares of Vocera Communications (NYSE:VCRA) in a research note released on Monday, Analyst Price Targets reports. The brokerage issued a buy rating and a $45.00 target price on the communications equipment provider’s stock.

A number of other analysts have also issued reports on the stock. Morgan Stanley initiated coverage on shares of Vocera Communications in a research note on Tuesday, June 1st. They set an equal weight rating and a $40.00 price objective on the stock. Craig Hallum lifted their price target on shares of Vocera Communications from $40.00 to $50.00 and gave the stock a buy rating in a research note on Friday, February 12th. Zacks Investment Research lowered shares of Vocera Communications from a hold rating to a sell rating in a research note on Thursday, May 6th. SVB Leerink lifted their price target on shares of Vocera Communications from $23.00 to $30.00 and gave the stock an underperform rating in a research note on Friday, February 12th. Finally, Robert W. Baird upgraded shares of Vocera Communications from a neutral rating to an outperform rating and lifted their price target for the stock from $40.00 to $52.00 in a research note on Friday, February 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Vocera Communications presently has an average rating of Hold and a consensus target price of $42.20.

Shares of VCRA stock opened at $37.09 on Monday. The firm has a market capitalization of $1.27 billion, a PE ratio of -176.61 and a beta of 0.12. The company has a current ratio of 4.84, a quick ratio of 4.70 and a debt-to-equity ratio of 1.59. Vocera Communications has a fifty-two week low of $19.51 and a fifty-two week high of $55.60. The firm’s 50 day simple moving average is $35.85.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, April 29th. The communications equipment provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.14. The company had revenue of $48.67 million for the quarter, compared to analyst estimates of $46.62 million. Vocera Communications had a negative net margin of 3.30% and a positive return on equity of 0.85%. On average, research analysts anticipate that Vocera Communications will post -0.23 earnings per share for the current fiscal year.

In related news, CEO Brent D. Lang sold 23,361 shares of the company’s stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $33.41, for a total value of $780,491.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brent D. Lang sold 9,158 shares of the company’s stock in a transaction dated Monday, April 12th. The stock was sold at an average price of $36.68, for a total transaction of $335,915.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,877 shares of company stock valued at $1,749,134. Corporate insiders own 1.93% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Aperio Group LLC raised its position in Vocera Communications by 3.7% in the fourth quarter. Aperio Group LLC now owns 12,028 shares of the communications equipment provider’s stock worth $500,000 after acquiring an additional 428 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Vocera Communications by 3.3% in the first quarter. CIBC Private Wealth Group LLC now owns 13,342 shares of the communications equipment provider’s stock worth $513,000 after acquiring an additional 430 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Vocera Communications by 2.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,230 shares of the communications equipment provider’s stock worth $799,000 after acquiring an additional 517 shares in the last quarter. Retirement Group LLC raised its position in Vocera Communications by 64.4% in the first quarter. Retirement Group LLC now owns 1,383 shares of the communications equipment provider’s stock worth $53,000 after acquiring an additional 542 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Vocera Communications by 0.8% during the 4th quarter. Swiss National Bank now owns 73,200 shares of the communications equipment provider’s stock worth $3,040,000 after buying an additional 600 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, retail, energy, education, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution integrates 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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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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