Leerink Swann Raises Vocera Communications, Inc. (NYSE:VCRA) Price Target to $31.00
Vocera Communications, Inc. (NYSE:VCRA) had its price objective lifted by Leerink Swann from $24.00 to $31.00 in a research note issued to investors on Friday. They currently have an outperform rating on the communications equipment provider’s stock.
A number of other equities research analysts have also recently weighed in on the company. Cantor Fitzgerald restated a buy rating and issued a $30.00 price target on shares of Vocera Communications in a research note on Thursday, July 27th. Zacks Investment Research upgraded Vocera Communications from a sell rating to a hold rating in a research note on Wednesday, July 5th. ValuEngine upgraded Vocera Communications from a sell rating to a hold rating in a research note on Friday, June 2nd. CIBC increased their price target on Vocera Communications from $27.00 to $28.00 and gave the company an outperform rating in a research note on Tuesday, May 2nd. Finally, Oppenheimer Holdings, Inc. reiterated an outperform rating and set a $28.00 price objective (up previously from $27.00) on shares of Vocera Communications in a research report on Monday, May 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $28.67.
Vocera Communications (VCRA) opened at 27.27 on Friday. The company’s 50-day moving average is $26.27 and its 200-day moving average is $23.99. The company’s market cap is $775.07 million. Vocera Communications has a 12 month low of $14.47 and a 12 month high of $28.15.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.02. Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.55%. The business had revenue of $38.45 million during the quarter, compared to the consensus estimate of $37.53 million. During the same quarter last year, the company posted $0.02 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. On average, equities research analysts anticipate that Vocera Communications will post $0.13 earnings per share for the current year.
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In other news, CEO Brent D. Lang sold 5,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $25.90, for a total transaction of $129,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mary Bridget Duffy sold 38,320 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $25.62, for a total value of $981,758.40. Following the sale, the insider now directly owns 91,739 shares in the company, valued at $2,350,353.18. The disclosure for this sale can be found here. Insiders have sold a total of 450,245 shares of company stock worth $11,566,561 in the last quarter. Company insiders own 6.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Vocera Communications by 41.9% in the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock valued at $138,000 after buying an additional 1,538 shares during the period. Sei Investments Co. raised its stake in Vocera Communications by 12.9% in the first quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock valued at $143,000 after buying an additional 658 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Vocera Communications during the second quarter valued at about $207,000. Karp Capital Management Corp bought a new stake in Vocera Communications during the first quarter valued at about $216,000. Finally, GSA Capital Partners LLP bought a new stake in Vocera Communications during the fourth quarter valued at about $242,000.
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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