Zacks Investment Research upgraded shares of Vocera Communications (NYSE:VCRA) from a hold rating to a buy rating in a report issued on Wednesday morning. The firm currently has $35.00 price target 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 subject of several other reports. Jefferies Financial Group started coverage on Vocera Communications in a report on Wednesday, September 19th. They issued a buy rating and a $40.00 price target for the company. Wells Fargo & Co increased their price target on Vocera Communications from $28.00 to $35.00 and gave the stock an outperform rating in a report on Friday, July 27th. Piper Jaffray Companies lowered their price target on Vocera Communications from $39.00 to $36.00 and set an overweight rating for the company in a report on Friday, July 27th. Citigroup increased their price target on Vocera Communications from $35.00 to $37.00 and gave the stock a buy rating in a report on Monday, July 30th. Finally, Cantor Fitzgerald restated a buy rating and issued a $36.00 price target on shares of Vocera Communications in a report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $37.00.
Vocera Communications (NYSE:VCRA) last announced its quarterly earnings results on Thursday, July 26th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.23. Vocera Communications had a negative return on equity of 0.75% and a negative net margin of 3.36%. The company had revenue of $42.69 million during the quarter, compared to the consensus estimate of $42.50 million. During the same period in the prior year, the company earned $0.02 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Vocera Communications will post -0.25 EPS for the current year.
In related news, General Counsel Douglas Alan Carlen sold 3,000 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $31.08, for a total transaction of $93,240.00. Following the completion of the transaction, the general counsel now directly owns 78,517 shares in the company, valued at $2,440,308.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sharon O’keefe sold 4,000 shares of the stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $33.86, for a total value of $135,440.00. Following the transaction, the director now owns 49,727 shares of the company’s stock, valued at $1,683,756.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,500 shares of company stock valued at $1,272,415. 4.90% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. United Services Automobile Association bought a new position in shares of Vocera Communications during the second quarter worth about $210,000. California Public Employees Retirement System bought a new position in shares of Vocera Communications during the second quarter worth about $231,000. Laurion Capital Management LP acquired a new position in Vocera Communications during the second quarter valued at approximately $234,000. Dynamic Technology Lab Private Ltd acquired a new position in Vocera Communications during the first quarter valued at approximately $251,000. Finally, Aristeia Capital LLC acquired a new position in Vocera Communications during the second quarter valued at approximately $278,000.
About Vocera Communications
Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.
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