Vocera Communications, Inc. (NYSE:VCRA) has received a consensus recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.17.
A number of brokerages recently issued reports on VCRA. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, September 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $30.00 target price on shares of Vocera Communications in a research note on Tuesday, September 26th. BidaskClub raised Vocera Communications from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $32.00 target price on shares of Vocera Communications in a research note on Friday, September 22nd. Finally, Leerink Swann reissued an “outperform” rating and issued a $34.00 target price (up previously from $31.00) on shares of Vocera Communications in a research note on Tuesday, September 12th.
In other Vocera Communications news, Director Robert Zollars sold 57,925 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $25.78, for a total value of $1,493,306.50. Following the completion of the sale, the director now directly owns 42,748 shares in the company, valued at $1,102,043.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $31.61, for a total transaction of $158,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,925 shares of company stock valued at $2,320,107. 6.30% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its holdings in Vocera Communications by 1.8% in the second quarter. California State Teachers Retirement System now owns 49,585 shares of the communications equipment provider’s stock worth $1,310,000 after buying an additional 900 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Vocera Communications by 14.9% in the second quarter. The Manufacturers Life Insurance Company now owns 22,255 shares of the communications equipment provider’s stock worth $587,000 after buying an additional 2,892 shares during the period. State Street Corp lifted its holdings in Vocera Communications by 7.7% in the second quarter. State Street Corp now owns 492,261 shares of the communications equipment provider’s stock worth $13,006,000 after buying an additional 35,141 shares during the period. Fred Alger Management Inc. lifted its holdings in Vocera Communications by 6.1% in the second quarter. Fred Alger Management Inc. now owns 695,516 shares of the communications equipment provider’s stock worth $18,376,000 after buying an additional 40,005 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Vocera Communications by 5.5% in the second quarter. Royal Bank of Canada now owns 65,456 shares of the communications equipment provider’s stock worth $1,729,000 after buying an additional 3,437 shares during the period.
Shares of Vocera Communications (NYSE VCRA) traded down 0.67% during trading on Friday, hitting $31.10. The stock had a trading volume of 67,197 shares. The company’s market cap is $905.13 million. The firm’s 50 day moving average is $29.11 and its 200 day moving average is $26.58. Vocera Communications has a 1-year low of $16.10 and a 1-year high of $32.05.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative return on equity of 14.71% and a negative net margin of 17.28%. The business had revenue of $38.45 million during the quarter, compared to analysts’ expectations of $37.53 million. During the same quarter last year, the business posted $0.02 EPS. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Equities research analysts anticipate that Vocera Communications will post $0.16 EPS for the current fiscal year.
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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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