Vocera Communications Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:VCRA)
Shares of Vocera Communications (NASDAQ:VCRA) have received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, ARN reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.33.
A number of research firms have recently commented on VCRA. 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.
Shares of Vocera Communications (NASDAQ:VCRA) traded up 0.69% during mid-day trading on Thursday, hitting $8.71. 2,385 shares of the company’s stock traded hands. Vocera Communications has a 1-year low of $8.34 and a 1-year high of $19.71. The stock has a 50-day moving average of $10.1 and a 200-day moving average of $13.40. The company’s market cap is $221.5 million.
Vocera Communications (NASDAQ:VCRA) last released its earnings data on Thursday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that Vocera Communications will post $-0.65 EPS for the current fiscal year.
In other Vocera Communications news, EVP Paul T. Johnson purchased 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $8.49 per share, for a total transaction of $84,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Vocera Communications, Inc (NASDAQ:VCRA) is a provider of mobile communication solutions.
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