Vocera Communications (VCRA) Cut to “Sell” at Zacks Investment Research

Vocera Communications (NYSE:VCRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Vocera Communications Inc. provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. The Company’s solutions consist of its Voice Communication, new Messaging and Care Transition solutions. It enables users to communicate with a Vocera Wi-Fi (TM) Smartphone or Vocera Connect application for smartphones including Blackberry, iPhone, and Android devices. Vocera Communications Inc. is headquartered in San Jose, Calif. “

VCRA has been the subject of several other reports. Cantor Fitzgerald reissued a “buy” rating and issued a $35.00 price objective on shares of Vocera Communications in a research report on Monday, January 22nd. Craig Hallum reissued a “buy” rating and issued a $36.00 price objective on shares of Vocera Communications in a research report on Monday, November 27th. Oppenheimer increased their price objective on Vocera Communications from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Chardan Capital assumed coverage on Vocera Communications in a research report on Tuesday, January 30th. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Citigroup assumed coverage on Vocera Communications in a research report on Thursday, January 4th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $33.00.

Shares of Vocera Communications (NYSE VCRA) traded down $0.81 during trading on Wednesday, reaching $24.72. The company’s stock had a trading volume of 142,935 shares, compared to its average volume of 278,594. Vocera Communications has a 52-week low of $19.48 and a 52-week high of $32.23. The company has a market capitalization of $762.85, a PE ratio of -48.49 and a beta of -0.49.

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 the consensus estimate of $0.15 by $0.14. Vocera Communications had a negative return on equity of 8.29% and a negative net margin of 8.75%. The company had revenue of $45.50 million during the quarter, compared to analysts’ expectations of $43.72 million. Vocera Communications’s quarterly revenue was up 26.4% compared to the same quarter last year. analysts predict that Vocera Communications will post -0.22 earnings per share for the current fiscal year.

In related news, EVP Paul T. Johnson sold 3,606 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $25.86, for a total value of $93,251.16. Following the completion of the transaction, the executive vice president now directly owns 145,945 shares in the company, valued at $3,774,137.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brent D. Lang sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $27.96, for a total value of $279,600.00. The disclosure for this sale can be found here. Insiders sold 78,922 shares of company stock valued at $2,224,767 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG raised its stake in shares of Vocera Communications by 18.8% in the fourth quarter. Deutsche Bank AG now owns 106,597 shares of the communications equipment provider’s stock valued at $3,220,000 after purchasing an additional 16,892 shares in the last quarter. Clearbridge Investments LLC raised its stake in Vocera Communications by 2.1% during the fourth quarter. Clearbridge Investments LLC now owns 1,337,386 shares of the communications equipment provider’s stock worth $40,416,000 after acquiring an additional 27,287 shares in the last quarter. Jefferies Group LLC acquired a new position in Vocera Communications during the fourth quarter worth $228,000. Fred Alger Management Inc. raised its stake in Vocera Communications by 13.2% during the fourth quarter. Fred Alger Management Inc. now owns 882,823 shares of the communications equipment provider’s stock worth $26,679,000 after acquiring an additional 103,226 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Vocera Communications by 6.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the communications equipment provider’s stock worth $47,385,000 after acquiring an additional 96,200 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

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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.

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