Vocera Communications, Inc. (VCRA) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Vocera Communications, Inc. (NYSE:VCRA) from a hold rating to a buy rating in a report issued on Friday morning. They currently have $35.00 target price on the communications equipment provider’s stock.
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 reports. Leerink Swann raised their price objective on shares of Vocera Communications from $24.00 to $31.00 and gave the company an outperform rating in a research report on Friday, July 28th. Cantor Fitzgerald restated a buy rating and set a $30.00 price objective on shares of Vocera Communications in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. restated a buy rating and set a $32.00 price objective on shares of Vocera Communications in a research report on Friday, September 22nd. BidaskClub upgraded shares of Vocera Communications from a buy rating to a strong-buy rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of Vocera Communications from a sell rating to a hold rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $31.17.
Vocera Communications (VCRA) traded down 0.73% on Friday, hitting $31.37. 185,349 shares of the stock were exchanged. The company has a 50-day moving average of $27.94 and a 200 day moving average of $25.90. The firm’s market cap is $912.99 million. Vocera Communications has a 12 month low of $16.10 and a 12 month high of $31.82.
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 Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative return on equity of 14.71% and a negative net margin of 17.28%. The business had revenue of $38.45 million during the quarter, compared to the consensus estimate of $37.53 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis. Equities research analysts expect that Vocera Communications will post $0.16 earnings per share for the current fiscal year.
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In related news, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $25.90, for a total transaction of $129,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Douglas Alan Carlen sold 6,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $29.78, for a total transaction of $178,680.00. Following the transaction, the general counsel now directly owns 66,542 shares of the company’s stock, valued at $1,981,620.76. The disclosure for this sale can be found here. Insiders have sold 187,245 shares of company stock valued at $4,848,735 over the last ninety days. 6.30% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of VCRA. First Mercantile Trust Co. purchased a new position in Vocera Communications during the second quarter valued at $132,000. US Bancorp DE grew its stake in Vocera Communications by 41.9% during the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock valued at $138,000 after acquiring an additional 1,538 shares in the last quarter. Sei Investments Co. grew its stake in Vocera Communications by 12.9% during the first quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock valued at $143,000 after acquiring an additional 658 shares in the last quarter. Legal & General Group Plc grew its stake in Vocera Communications by 11.2% during the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock valued at $177,000 after acquiring an additional 671 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Vocera Communications during the second quarter valued at $207,000.
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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