Brokerages Set Vocera Communications Inc (VCRA) PT at $37.50

Vocera Communications Inc (NYSE:VCRA) has received a consensus recommendation of “Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $37.50.

VCRA has been the subject of several research reports. ValuEngine upgraded shares of Vocera Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Chardan Capital lowered shares of Vocera Communications from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $33.00 in a research report on Monday, February 11th. Cantor Fitzgerald restated an “overweight” rating and set a $45.00 price objective on shares of Vocera Communications in a research report on Friday, January 11th. Dougherty & Co upgraded shares of Vocera Communications from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, February 28th. Finally, Citigroup lowered shares of Vocera Communications from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th.

Vocera Communications stock opened at $35.28 on Monday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -207.53 and a beta of 0.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 4.42 and a current ratio of 4.49. Vocera Communications has a 52 week low of $22.96 and a 52 week high of $42.60.

Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, April 25th. The communications equipment provider reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.22. Vocera Communications had a negative net margin of 9.52% and a negative return on equity of 7.89%. The firm had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $34.03 million. During the same quarter last year, the company earned $0.04 EPS. Vocera Communications’s quarterly revenue was down 12.2% on a year-over-year basis. As a group, research analysts forecast that Vocera Communications will post -0.33 earnings per share for the current year.

In other Vocera Communications news, insider Mary Bridget Duffy sold 31,545 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $32.21, for a total value of $1,016,064.45. Following the completion of the transaction, the insider now directly owns 90,873 shares in the company, valued at $2,927,019.33. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Howard E. Janzen sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.53, for a total transaction of $48,795.00. Following the completion of the transaction, the director now owns 47,931 shares of the company’s stock, valued at $1,559,195.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,035 shares of company stock valued at $3,245,753. Insiders own 3.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Freestone Capital Holdings LLC bought a new position in Vocera Communications during the first quarter valued at approximately $9,489,000. US Bancorp DE raised its position in Vocera Communications by 52.8% during the first quarter. US Bancorp DE now owns 27,532 shares of the communications equipment provider’s stock valued at $871,000 after acquiring an additional 9,519 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Vocera Communications during the first quarter valued at approximately $2,826,000. JPMorgan Chase & Co. raised its position in Vocera Communications by 25.6% during the first quarter. JPMorgan Chase & Co. now owns 9,680 shares of the communications equipment provider’s stock valued at $306,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Redwood Investments LLC raised its position in Vocera Communications by 18.3% during the first quarter. Redwood Investments LLC now owns 382,916 shares of the communications equipment provider’s stock valued at $12,112,000 after acquiring an additional 59,298 shares in the last quarter.

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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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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