Vocera Communications (NYSE:VCRA) Price Target Increased to $28.00 by Analysts at Piper Sandler

Vocera Communications (NYSE:VCRA) had its price objective hoisted by Piper Sandler from $26.00 to $28.00 in a report released on Tuesday morning, The Fly reports. The firm currently has an overweight rating on the communications equipment provider’s stock. Piper Sandler also issued estimates for Vocera Communications’ Q3 2020 earnings at ($0.07) EPS, Q4 2020 earnings at ($0.08) EPS, FY2020 earnings at ($0.58) EPS, Q1 2021 earnings at ($0.23) EPS, Q2 2021 earnings at ($0.11) EPS, Q3 2021 earnings at $0.01 EPS, Q4 2021 earnings at ($0.07) EPS, FY2021 earnings at ($0.42) EPS, Q1 2022 earnings at ($0.28) EPS, Q2 2022 earnings at ($0.06) EPS and FY2022 earnings at ($0.26) EPS.

Several other brokerages also recently issued reports on VCRA. Robert W. Baird lowered their price target on Vocera Communications from $32.00 to $30.00 and set an outperform rating for the company in a report on Friday, April 24th. Cantor Fitzgerald reiterated a neutral rating and issued a $20.00 price target (down from $21.00) on shares of Vocera Communications in a report on Friday, April 24th. Royal Bank of Canada lowered their price target on Vocera Communications from $26.00 to $20.00 and set a sector perform rating for the company in a report on Friday, April 24th. Zacks Investment Research downgraded Vocera Communications from a hold rating to a sell rating in a report on Friday, July 24th. Finally, Wells Fargo & Co lowered their price target on Vocera Communications from $28.00 to $25.00 and set a sector overweight rating for the company in a report on Friday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $25.33.

VCRA stock opened at $30.77 on Tuesday. The company has a market cap of $982.84 million, a price-to-earnings ratio of -64.10 and a beta of 0.04. The company has a quick ratio of 4.22, a current ratio of 4.32 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $21.48. Vocera Communications has a 52 week low of $15.89 and a 52 week high of $33.85.

Vocera Communications (NYSE:VCRA) last released its quarterly earnings data on Monday, July 27th. The communications equipment provider reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.15. Vocera Communications had a negative return on equity of 8.20% and a negative net margin of 8.13%. The business had revenue of $47.70 million during the quarter, compared to the consensus estimate of $39.54 million. During the same period in the prior year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts expect that Vocera Communications will post -0.64 earnings per share for the current fiscal year.

In other Vocera Communications news, General Counsel Douglas Alan Carlen sold 3,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $20.00, for a total value of $60,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Bridget Duffy sold 3,949 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $20.00, for a total transaction of $78,980.00. Following the completion of the transaction, the insider now directly owns 73,108 shares of the company’s stock, valued at $1,462,160. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,752 shares of company stock valued at $1,662,045. 3.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of VCRA. Great West Life Assurance Co. Can bought a new position in shares of Vocera Communications during the fourth quarter worth about $45,000. Point72 Hong Kong Ltd bought a new position in shares of Vocera Communications during the fourth quarter worth about $45,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Vocera Communications by 56.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the communications equipment provider’s stock worth $55,000 after purchasing an additional 940 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Vocera Communications during the second quarter worth about $85,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Vocera Communications by 46.8% during the first quarter. Exchange Traded Concepts LLC now owns 6,291 shares of the communications equipment provider’s stock worth $134,000 after purchasing an additional 2,006 shares during the last quarter.

Vocera Communications Company Profile

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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