Vocera Communications (VCRA) Raised to Strong-Buy at ValuEngine

ValuEngine upgraded shares of Vocera Communications (NYSE:VCRA) from a buy rating to a strong-buy rating in a research report released on Saturday.

Several other brokerages have also recently weighed in on VCRA. Jefferies Financial Group began coverage on shares of Vocera Communications in a research note on Wednesday, September 19th. They issued a buy rating and a $40.00 price objective on the stock. Zacks Investment Research raised shares of Vocera Communications from a hold rating to a buy rating and set a $35.00 price objective on the stock in a research note on Tuesday, October 16th. Cantor Fitzgerald reissued a buy rating and issued a $36.00 price objective on shares of Vocera Communications in a research note on Tuesday, August 21st. Chardan Capital boosted their price objective on shares of Vocera Communications from $35.00 to $47.00 and gave the stock a buy rating in a research note on Friday, July 27th. Finally, Piper Jaffray Companies reduced their price objective on shares of Vocera Communications from $39.00 to $36.00 and set an overweight rating on the stock in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vocera Communications currently has an average rating of Buy and a consensus target price of $37.10.

Shares of Vocera Communications stock opened at $35.46 on Friday. The company has a current ratio of 4.54, a quick ratio of 4.46 and a debt-to-equity ratio of 0.72. Vocera Communications has a twelve month low of $22.43 and a twelve month high of $36.95. The firm has a market capitalization of $1.05 billion, a P/E ratio of -118.20 and a beta of -0.03.



In related news, Director Howard E. Janzen sold 1,500 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $33.89, for a total value of $50,835.00. Following the transaction, the director now owns 63,931 shares in the company, valued at $2,166,621.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Brent D. Lang sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $31.59, for a total transaction of $315,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,500 shares of company stock worth $1,272,415. 4.90% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Price Capital Management Inc. acquired a new position in Vocera Communications in the third quarter valued at $132,000. United Services Automobile Association acquired a new position in Vocera Communications in the second quarter valued at $210,000. California Public Employees Retirement System acquired a new position in Vocera Communications in the second quarter valued at $231,000. Laurion Capital Management LP acquired a new position in Vocera Communications in the second quarter valued at $234,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Vocera Communications in the first quarter valued at $251,000.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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