Vocera Communications Sees Strong Trading Volume After Insider Buying Activity (VCRA)
Shares of Vocera Communications (NASDAQ:VCRA) saw strong trading volume on Friday following insider buying activity, AnalystRatingsNetwork reports. 507,768 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 359,787 shares.The stock last traded at $8.62 and had previously closed at $8.48.
Specifically, EVP Paul T. Johnson bought 10,000 shares of Vocera Communications stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $8.49 per share, with a total value of $84,900.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
VCRA has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Vocera Communications from an “outperform” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $11.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Vocera Communications in a research note on Friday, August 1st. They now have a $13.00 price target on the stock, down previously from $17.00. Finally, analysts at Leerink Swann cut their price target on shares of Vocera Communications from $17.00 to $10.00 in a research note on Friday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $11.33.
The stock has a 50-day moving average of $11.03 and a 200-day moving average of $13.82. The company’s market cap is $218.7 million.
Vocera Communications (NASDAQ:VCRA) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.11) by $0.05. The company had revenue of $23.00 million for the quarter, compared to the consensus estimate of $24.93 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts predict that Vocera Communications will post $-0.65 earnings per share for the current fiscal year.
Vocera Communications, Inc (NASDAQ:VCRA) is a provider of mobile communication solutions.
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