Vocera Communications (VCRA) Receives “Buy” Rating from Chardan Capital

Vocera Communications (NYSE:VCRA)‘s stock had its “buy” rating reiterated by analysts at Chardan Capital in a report released on Monday, MarketBeat Ratings reports. They presently have a $35.00 target price on the communications equipment provider’s stock, down from their previous target price of $37.00. Chardan Capital’s target price points to a potential upside of 34.36% from the stock’s current price.

A number of other research firms also recently issued reports on VCRA. Zacks Investment Research downgraded shares of Vocera Communications from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. BidaskClub upgraded shares of Vocera Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Citigroup assumed coverage on shares of Vocera Communications in a report on Thursday, January 4th. They issued a “buy” rating for the company. Oppenheimer boosted their target price 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. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $35.00 target price on shares of Vocera Communications in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.00.

Vocera Communications (VCRA) traded up $0.25 during trading hours on Monday, hitting $26.05. 167,191 shares of the stock were exchanged, compared to its average volume of 273,507. The firm has a market capitalization of $753.80, a price-to-earnings ratio of -50.59 and a beta of -0.49. Vocera Communications has a twelve month low of $19.48 and a twelve month high of $32.23.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.14. The business had revenue of $45.50 million during 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 business’s quarterly revenue was up 26.4% on a year-over-year basis. sell-side analysts forecast that Vocera Communications will post -0.04 earnings per share for the current year.

In other Vocera Communications news, EVP Paul T. Johnson sold 18,553 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $30.00, for a total transaction of $556,590.00. Following the completion of the sale, the executive vice president now directly owns 151,989 shares in the company, valued at $4,559,670. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Douglas Alan Carlen sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $25.66, for a total transaction of $51,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,922 shares of company stock valued at $2,276,087. 6.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VCRA. Conestoga Capital Advisors LLC boosted its stake in shares of Vocera Communications by 61.1% in the third quarter. Conestoga Capital Advisors LLC now owns 908,795 shares of the communications equipment provider’s stock valued at $28,509,000 after purchasing an additional 344,545 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Vocera Communications by 71.7% in the third quarter. Wells Fargo & Company MN now owns 474,748 shares of the communications equipment provider’s stock valued at $14,893,000 after purchasing an additional 198,324 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Vocera Communications in the third quarter valued at $5,666,000. Ameriprise Financial Inc. purchased a new position in shares of Vocera Communications in the second quarter valued at $3,439,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Vocera Communications by 177.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 132,765 shares of the communications equipment provider’s stock valued at $4,165,000 after purchasing an additional 84,865 shares during the period. Institutional investors own 99.83% of the company’s stock.

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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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