Vocera Communications (NYSE:VCRA) had its target price cut by equities research analysts at Leerink Swann from $34.00 to $31.00 in a report released on Friday. The firm presently has an “outperform” rating on the communications equipment provider’s stock. Leerink Swann’s target price would suggest a potential upside of 20.39% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Craig Hallum reiterated a “buy” rating and issued a $36.00 price objective on shares of Vocera Communications in a report on Monday, November 27th. Citigroup started coverage on shares of Vocera Communications in a report on Thursday, January 4th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, December 28th. Cantor Fitzgerald reiterated a “buy” rating and issued a $35.00 price objective on shares of Vocera Communications in a report on Thursday, October 26th. Finally, Chardan Capital began coverage on shares of Vocera Communications in a report on Tuesday, January 30th. They issued a “buy” rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $33.22.

Shares of Vocera Communications (NYSE VCRA) traded down $1.17 during mid-day trading on Friday, reaching $25.75. 339,030 shares of the company’s stock traded hands, compared to its average volume of 250,313. The firm has a market cap of $820.41, a P/E ratio of -26.82 and a beta of -0.49. Vocera Communications has a 52-week low of $19.48 and a 52-week high of $32.23.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. The company had revenue of $45.50 million for the quarter, compared to the consensus estimate of $43.72 million. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. analysts forecast that Vocera Communications will post -0.43 earnings per share for the current year.

In other Vocera Communications news, EVP Paul T. Johnson sold 12,977 shares of Vocera Communications stock in a transaction on Friday, January 19th. The shares were sold at an average price of $26.75, for a total transaction of $347,134.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Douglas Alan Carlen sold 2,000 shares of Vocera Communications stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $25.66, for a total transaction of $51,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,922 shares of company stock worth $1,996,487. 6.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in VCRA. Legal & General Group Plc boosted its position 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 worth $177,000 after purchasing an additional 671 shares during the period. JPMorgan Chase & Co. bought a new position in Vocera Communications during the second quarter worth $215,000. Comerica Bank bought a new position in Vocera Communications during the third quarter worth $239,000. Envestnet Asset Management Inc. boosted its position in Vocera Communications by 41.0% during the third quarter. Envestnet Asset Management Inc. now owns 7,678 shares of the communications equipment provider’s stock worth $241,000 after purchasing an additional 2,231 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Vocera Communications during the fourth quarter worth $271,000.

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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.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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