Vocera Communications (NYSE:VCRA) was downgraded by investment analysts at Chardan Capital from a “buy” rating to a “neutral” rating in a report released on Monday, The Fly reports. They presently have a $33.00 target price on the communications equipment provider’s stock, down from their previous target price of $46.00. Chardan Capital’s price objective indicates a potential upside of 2.07% from the stock’s previous close.
VCRA has been the topic of several other research reports. Zacks Investment Research raised Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, October 24th. Cantor Fitzgerald reissued a “buy” rating and set a $37.00 price objective on shares of Vocera Communications in a research note on Thursday. Dougherty & Co lowered Vocera Communications from a “buy” rating to a “neutral” rating in a research note on Monday, January 14th. They noted that the move was a valuation call. ValuEngine lowered Vocera Communications from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Citigroup lowered Vocera Communications from a “buy” rating to a “neutral” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $38.33.
Shares of NYSE VCRA opened at $32.33 on Monday. The company has a current ratio of 4.52, a quick ratio of 4.46 and a debt-to-equity ratio of 0.69. The stock has a market cap of $975.27 million, a PE ratio of -190.18 and a beta of 0.31. Vocera Communications has a 52-week low of $22.43 and a 52-week high of $42.60.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Vocera Communications had a negative net margin of 5.39% and a negative return on equity of 3.37%. The company had revenue of $48.88 million during the quarter, compared to analyst estimates of $49.82 million. During the same period in the previous year, the firm earned $0.22 earnings per share. Vocera Communications’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts forecast that Vocera Communications will post -0.14 earnings per share for the current fiscal year.
In related news, Director Jeff Hillebrand sold 4,200 shares of the company’s stock in a transaction on Monday, January 14th. The shares were sold at an average price of $38.63, for a total transaction of $162,246.00. Following the completion of the sale, the director now directly owns 78,032 shares in the company, valued at approximately $3,014,376.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Douglas Alan Carlen sold 2,000 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $35.16, for a total transaction of $70,320.00. Following the sale, the general counsel now owns 76,517 shares of the company’s stock, valued at $2,690,337.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,253 shares of company stock worth $3,274,372. 4.90% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC bought a new position in shares of Vocera Communications in the 3rd quarter worth approximately $23,805,000. Conestoga Capital Advisors LLC raised its position in Vocera Communications by 14.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,783,535 shares of the communications equipment provider’s stock valued at $65,242,000 after purchasing an additional 223,565 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Vocera Communications during the 3rd quarter worth about $8,040,000. Emerald Advisers LLC raised its position in shares of Vocera Communications by 34.9% during the 4th quarter. Emerald Advisers LLC now owns 666,614 shares of the communications equipment provider’s stock worth $26,231,000 after acquiring an additional 172,572 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in Vocera Communications by 34.7% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 616,382 shares of the communications equipment provider’s stock worth $24,255,000 after buying an additional 158,947 shares during the period.
About Vocera Communications
Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.
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