Vocera Communications, Inc. (NYSE:VCRA) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $29.00.

VCRA has been the subject of a number of research reports. Zacks Investment Research downgraded Vocera Communications from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Dougherty & Co raised their price target on Vocera Communications from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $28.00 price target (up previously from $27.00) on shares of Vocera Communications in a research report on Monday, May 1st. CIBC raised their price target on Vocera Communications from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 2nd. Finally, ValuEngine upgraded Vocera Communications from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

Shares of Vocera Communications (VCRA) traded down 0.50% during mid-day trading on Friday, hitting $27.62. 89,215 shares of the stock were exchanged. The firm has a 50-day moving average price of $26.56 and a 200 day moving average price of $24.68. The company’s market capitalization is $803.85 million. Vocera Communications has a 12-month low of $15.34 and a 12-month high of $28.60.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.02. Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.71%. The business had revenue of $38.45 million for the quarter, compared to analyst estimates of $37.53 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. On average, equities research analysts expect that Vocera Communications will post $0.16 earnings per share for the current year.

In related news, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $138,450.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Zollars sold 62,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $26.69, for a total value of $1,654,780.00. Following the completion of the transaction, the director now owns 42,748 shares in the company, valued at approximately $1,140,944.12. The disclosure for this sale can be found here. Insiders sold 296,527 shares of company stock worth $7,749,115 in the last 90 days. 6.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of 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 last quarter. The Manufacturers Life Insurance Company boosted its position 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 in the last quarter. State Street Corp boosted its position 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 in the last quarter. Fred Alger Management Inc. boosted its position 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 in the last quarter. Finally, Royal Bank of Canada boosted its position 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 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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