Vocera Communications, Inc. (VCRA) Receives $32.20 Consensus Target Price from Analysts
Vocera Communications, Inc. (NYSE:VCRA) has earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $32.83.
A number of brokerages have issued reports on VCRA. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 target price on shares of Vocera Communications in a research report on Tuesday, September 26th. Craig Hallum reaffirmed a “buy” rating and set a $36.00 target price on shares of Vocera Communications in a research report on Monday. Oppenheimer upped their target price on Vocera Communications from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. BidaskClub cut Vocera Communications from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 20th. Finally, Zacks Investment Research lowered Vocera Communications from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.
Shares of Vocera Communications (NYSE VCRA) traded up $0.69 during trading on Monday, reaching $29.30. The company’s stock had a trading volume of 158,202 shares, compared to its average volume of 199,731. Vocera Communications has a 52-week low of $17.31 and a 52-week high of $32.23.
Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $41.44 million. Vocera Communications had a negative return on equity of 15.55% and a negative net margin of 17.42%. The company’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. equities analysts forecast that Vocera Communications will post -0.41 EPS for the current fiscal year.
In other news, CEO Brent D. Lang sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $27.86, for a total transaction of $139,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Douglas Alan Carlen sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $25.66, for a total value of $51,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,000 shares of company stock valued at $836,030. Corporate insiders own 6.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. acquired a new position in shares of Vocera Communications in the second quarter valued at $132,000. 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 valued at $138,000 after purchasing an additional 1,538 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Vocera Communications by 11.2% in the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock valued at $177,000 after purchasing an additional 671 shares in the last quarter. Sei Investments Co. raised its stake in shares of Vocera Communications by 36.1% in the second quarter. Sei Investments Co. now owns 7,853 shares of the communications equipment provider’s stock valued at $207,000 after purchasing an additional 2,082 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Vocera Communications in the second quarter valued at $207,000.
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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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