Vocera Communications, Inc. (VCRA) Stake Cut by Foundry Partners LLC
Foundry Partners LLC lowered its position in Vocera Communications, Inc. (NYSE:VCRA) by 35.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,846 shares of the communications equipment provider’s stock after selling 65,748 shares during the period. Foundry Partners LLC’s holdings in Vocera Communications were worth $3,140,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. US Bancorp DE raised its stake in shares of Vocera Communications by 41.9% in the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock worth $138,000 after buying an additional 1,538 shares during the period. Sei Investments Co. raised its stake in shares of Vocera Communications by 12.9% in the first quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock worth $143,000 after buying an additional 658 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Vocera Communications during the second quarter worth approximately $207,000. Karp Capital Management Corp acquired a new stake in shares of Vocera Communications during the first quarter worth approximately $216,000. Finally, Blair William & Co. IL raised its stake in shares of Vocera Communications by 0.8% in the first quarter. Blair William & Co. IL now owns 16,035 shares of the communications equipment provider’s stock worth $369,000 after buying an additional 125 shares during the period.
Shares of Vocera Communications, Inc. (VCRA) opened at 27.26 on Wednesday. The stock’s market capitalization is $793.38 million. Vocera Communications, Inc. has a 52-week low of $15.10 and a 52-week high of $28.60. The firm has a 50-day moving average price of $26.46 and a 200-day moving average price of $24.58.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by $0.02. The firm had revenue of $38.45 million for the quarter, compared to the consensus estimate of $37.53 million. Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.71%. Vocera Communications’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. On average, analysts predict that Vocera Communications, Inc. will post $0.16 EPS for the current year.
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A number of analysts recently commented on VCRA shares. Dougherty & Co lifted their price target on Vocera Communications from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Cantor Fitzgerald reiterated a “buy” rating and set a $30.00 price target on shares of Vocera Communications in a report on Thursday, July 27th. Zacks Investment Research upgraded Vocera Communications from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine upgraded Vocera Communications from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, CIBC lifted their price target on Vocera Communications from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Vocera Communications currently has an average rating of “Buy” and an average price target of $28.67.
In other news, CEO Brent D. Lang sold 5,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $138,450.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul T. Johnson sold 4,000 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $24.97, for a total value of $99,880.00. Following the transaction, the executive vice president now directly owns 170,134 shares in the company, valued at $4,248,245.98. The disclosure for this sale can be found here. Insiders have sold a total of 358,527 shares of company stock worth $9,297,875 over the last three months. Insiders own 6.30% of the company’s stock.
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.
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