ValuEngine Upgrades Vocera Communications (NYSE:VCRA) to Buy

Vocera Communications (NYSE:VCRA) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday, ValuEngine reports.

A number of other equities research analysts also recently weighed in on VCRA. William Blair reissued a “buy” rating on shares of Vocera Communications in a research report on Friday, July 26th. Dougherty & Co reissued a “buy” rating and set a $37.00 target price (down from $38.00) on shares of Vocera Communications in a research report on Friday, July 26th. Jefferies Financial Group assumed coverage on Vocera Communications in a research report on Friday, August 23rd. They set a “buy” rating and a $30.00 target price on the stock. Guggenheim set a $31.00 target price on Vocera Communications and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, TheStreet downgraded Vocera Communications from a “c” rating to a “d+” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Vocera Communications has an average rating of “Buy” and an average target price of $33.60.

Shares of Vocera Communications stock traded up $0.39 during trading on Wednesday, reaching $24.19. The company’s stock had a trading volume of 219,488 shares, compared to its average volume of 441,098. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.36 and a current ratio of 4.45. The business’s fifty day moving average price is $23.97 and its 200-day moving average price is $29.09. The firm has a market cap of $761.04 million, a price-to-earnings ratio of -142.29 and a beta of 0.35. Vocera Communications has a one year low of $21.14 and a one year high of $42.60.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, July 25th. The communications equipment provider reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. The business had revenue of $44.80 million for the quarter, compared to analyst estimates of $43.38 million. Vocera Communications had a negative return on equity of 8.62% and a negative net margin of 10.15%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. Sell-side analysts anticipate that Vocera Communications will post -0.36 EPS for the current year.

In other Vocera Communications news, General Counsel Douglas Alan Carlen sold 3,000 shares of Vocera Communications stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $23.99, for a total transaction of $71,970.00. Following the sale, the general counsel now directly owns 75,840 shares of the company’s stock, valued at $1,819,401.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul T. Johnson sold 1,000 shares of Vocera Communications stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $29.32, for a total value of $29,320.00. Following the sale, the executive vice president now directly owns 136,999 shares in the company, valued at $4,016,810.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,000 shares of company stock worth $268,950. 3.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VCRA. Quantamental Technologies LLC acquired a new stake in Vocera Communications during the second quarter valued at approximately $123,000. Cutler Group LP boosted its holdings in Vocera Communications by 568.6% during the second quarter. Cutler Group LP now owns 6,471 shares of the communications equipment provider’s stock valued at $206,000 after purchasing an additional 7,852 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Vocera Communications during the first quarter valued at approximately $228,000. Harbour Capital Advisors LLC acquired a new stake in Vocera Communications during the second quarter valued at approximately $310,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Vocera Communications during the second quarter valued at approximately $320,000.

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 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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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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