Vocera Communications, Inc. (NYSE:VCRA) Downgraded by BidaskClub

BidaskClub downgraded shares of Vocera Communications, Inc. (NYSE:VCRA) from a hold rating to a sell rating in a research note published on Tuesday, November 7th.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald restated a buy rating and set a $35.00 price objective on shares of Vocera Communications in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Vocera Communications from a hold rating to a buy rating and set a $35.00 target price for the company in a research report on Friday, September 29th. Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $32.00 target price on shares of Vocera Communications in a research note on Friday, September 22nd. Finally, Leerink Swann increased their target price on shares of Vocera Communications from $24.00 to $31.00 and gave the stock an outperform rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Vocera Communications has a consensus rating of Buy and a consensus price target of $32.67.

Vocera Communications (VCRA) traded up $0.20 during trading hours on Tuesday, reaching $27.12. 33,307 shares of the company’s stock traded hands, compared to its average volume of 217,140. Vocera Communications has a 12 month low of $17.31 and a 12 month high of $32.23.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $42.30 million for the quarter, compared to the consensus estimate of $41.44 million. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. equities analysts expect that Vocera Communications will post -0.41 earnings per share for the current year.

In other news, CEO Brent D. Lang sold 5,000 shares of Vocera Communications stock in a transaction on Friday, September 1st. The shares were sold at an average price of $27.86, for a total value of $139,300.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sharon O’keefe sold 2,000 shares of Vocera Communications stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $31.17, for a total transaction of $62,340.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,000 shares of company stock worth $836,030. 6.30% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of VCRA. Conestoga Capital Advisors LLC purchased a new stake in shares of Vocera Communications during the 2nd quarter worth $14,907,000. Alliancebernstein L.P. boosted its position in shares of Vocera Communications by 20.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,424,419 shares of the communications equipment provider’s stock worth $37,633,000 after purchasing an additional 236,941 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Vocera Communications by 71.7% during the 3rd quarter. Wells Fargo & Company MN now owns 474,748 shares of the communications equipment provider’s stock worth $14,893,000 after purchasing an additional 198,324 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Vocera Communications during the 3rd quarter worth $5,666,000. Finally, Renaissance Technologies LLC boosted its position in shares of Vocera Communications by 11.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,364,000 shares of the communications equipment provider’s stock worth $36,037,000 after purchasing an additional 138,100 shares in the last quarter.

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About Vocera Communications

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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