Vocera Communications (NYSE:VCRA)‘s stock had its “buy” rating reissued by research analysts at Cantor Fitzgerald in a research note issued to investors on Monday. They presently have a $35.00 target price on the communications equipment provider’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 34.15% from the stock’s previous close.
The analysts wrote, “Continue to expect organic growth in the mid-teens for the next few years. Based on our meetings, we believe that VCRA continues to execute on its communications and workflow efficiency strategies. The company has penetrated just 20% of its addressable market in the U.S. International continues to be a significant opportunity and we expect the company to focus more on international this year. We continue to expect 2018 revenue to be about $188 million (17.3% y/y growth from our year end 2017 estimate).””
VCRA has been the topic of a number of other research reports. Zacks Investment Research raised shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, December 28th. BidaskClub raised shares of Vocera Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Robert W. Baird initiated coverage on shares of Vocera Communications in a report on Wednesday, December 20th. They set an “outperform” rating and a $35.00 price objective on the stock. Oppenheimer raised their price objective on shares of Vocera Communications from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Citigroup initiated coverage on shares of Vocera Communications in a report on Thursday, January 4th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.13.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. The company had revenue of $42.30 million for the quarter, compared to analysts’ expectations of $41.44 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. sell-side analysts predict that Vocera Communications will post -0.43 EPS for the current fiscal year.
In other news, General Counsel Douglas Alan Carlen sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $25.66, for a total transaction of $51,320.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul T. Johnson sold 12,977 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $26.75, for a total transaction of $347,134.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,954 shares of company stock worth $1,074,824. Insiders own 6.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Conestoga Capital Advisors LLC grew its position in Vocera Communications by 18.4% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,076,350 shares of the communications equipment provider’s stock valued at $32,527,000 after buying an additional 167,555 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Vocera Communications by 11.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 148,268 shares of the communications equipment provider’s stock valued at $4,481,000 after buying an additional 15,503 shares during the last quarter. California Public Employees Retirement System grew its position in Vocera Communications by 27.7% in the 3rd quarter. California Public Employees Retirement System now owns 23,491 shares of the communications equipment provider’s stock valued at $737,000 after buying an additional 5,091 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in Vocera Communications in the 3rd quarter valued at $5,666,000. Finally, Envestnet Asset Management Inc. grew its position in Vocera Communications by 41.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,678 shares of the communications equipment provider’s stock valued at $241,000 after buying an additional 2,231 shares during the last quarter.
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.
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