Vocera Communications, Inc. (VCRA) Rating Increased to Buy at Zacks Investment Research
Vocera Communications, Inc. (NYSE:VCRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $22.00 price objective on the stock. Zacks Investment Research’s target price indicates a potential upside of 10.66% from the company’s previous close.
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 topic of several other research reports. Cantor Fitzgerald started coverage on shares of Vocera Communications in a report on Thursday, January 5th. They issued an “overweight” rating and a $22.00 price target on the stock. Dougherty & Co started coverage on shares of Vocera Communications in a report on Thursday, January 19th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, Oppenheimer Holdings, Inc. set a $22.00 price target on shares of Vocera Communications and gave the stock a “buy” rating in a report on Tuesday, November 22nd. Eight research analysts have rated the stock with a buy rating, Vocera Communications presently has a consensus rating of “Buy” and an average price target of $21.44.
Shares of Vocera Communications (NYSE:VCRA) opened at 19.88 on Wednesday. The company has a 50-day moving average of $19.89 and a 200 day moving average of $17.78. Vocera Communications has a 12 month low of $10.46 and a 12 month high of $22.48. The company’s market cap is $544.89 million.
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In other Vocera Communications news, Director Robert Zollars sold 65,500 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $17.83, for a total value of $1,167,865.00. Following the sale, the director now owns 37,463 shares in the company, valued at approximately $667,965.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brent D. Lang sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $17.88, for a total value of $71,520.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,000 shares of company stock worth $2,769,625. Insiders own 13.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in VCRA. Elk Creek Partners LLC raised its position in shares of Vocera Communications by 83.7% in the second quarter. Elk Creek Partners LLC now owns 1,065,247 shares of the company’s stock worth $13,688,000 after buying an additional 485,363 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Vocera Communications during the third quarter worth about $7,722,000. Tygh Capital Management Inc. acquired a new position in shares of Vocera Communications during the third quarter worth about $4,229,000. Axiom International Investors LLC DE raised its position in shares of Vocera Communications by 249.3% in the fourth quarter. Axiom International Investors LLC DE now owns 319,593 shares of the company’s stock worth $5,909,000 after buying an additional 228,103 shares during the period. Finally, Nicholas Investment Partners LP acquired a new position in shares of Vocera Communications during the fourth quarter worth about $3,262,000. Institutional investors and hedge funds own 92.64% of the company’s stock.
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 solutions include the Vocera Communication System, Vocera Care Experience Suite and its Experience Innovation Network. Its two segments include Product and Service.
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