Vocera Communications Inc (VCRA) Receives Consensus Rating of “Buy” from Brokerages

Shares of Vocera Communications Inc (NYSE:VCRA) have received an average rating of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $33.25.

Several brokerages have recently weighed in on VCRA. Leerink Swann dropped their price objective on shares of Vocera Communications from $34.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday. Chardan Capital began coverage on shares of Vocera Communications in a report on Tuesday, January 30th. They set a “buy” rating and a $37.00 price objective on the stock. Craig Hallum reiterated a “buy” rating and set a $36.00 price objective on shares of Vocera Communications in a report on Monday, November 27th. Citigroup began coverage on shares of Vocera Communications in a report on Thursday, January 4th. They set a “buy” rating on the stock. Finally, Oppenheimer upped their price objective on shares of Vocera Communications from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, October 27th.

In related news, EVP Paul T. Johnson sold 18,553 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $30.00, for a total value of $556,590.00. Following the sale, the executive vice president now owns 151,989 shares in the company, valued at approximately $4,559,670. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brent D. Lang sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $27.96, for a total transaction of $279,600.00. The disclosure for this sale can be found here. Insiders sold a total of 80,922 shares of company stock worth $2,276,087 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of VCRA. Schwab Charles Investment Management Inc. raised its holdings in shares of Vocera Communications by 17.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 47,900 shares of the communications equipment provider’s stock worth $1,266,000 after acquiring an additional 7,100 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Vocera Communications by 11.2% in the 2nd quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after acquiring an additional 671 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Vocera Communications in the 2nd quarter worth about $215,000. Teachers Advisors LLC raised its holdings in shares of Vocera Communications by 10.9% in the 2nd quarter. Teachers Advisors LLC now owns 70,053 shares of the communications equipment provider’s stock worth $1,851,000 after acquiring an additional 6,886 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in Vocera Communications by 11.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 107,486 shares of the communications equipment provider’s stock worth $2,840,000 after purchasing an additional 11,125 shares in the last quarter.

Vocera Communications (NYSE VCRA) traded down $1.28 during mid-day trading on Friday, reaching $25.80. 1,190,000 shares of the company traded hands, compared to its average volume of 235,935. The firm has a market capitalization of $722.43, a price-to-earnings ratio of -50.59 and a beta of -0.49. Vocera Communications has a 1-year low of $19.48 and a 1-year high of $32.23.

Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.14. The business had revenue of $45.50 million for the quarter, compared to analyst estimates of $43.72 million. Vocera Communications had a negative net margin of 8.75% and a negative return on equity of 8.29%. The company’s revenue was up 26.4% on a year-over-year basis. equities research analysts anticipate that Vocera Communications will post -0.04 EPS for the current year.

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Vocera Communications Company Profile

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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