Leerink Swann reaffirmed their outperform rating on shares of Vocera Communications, Inc. (NYSE:VCRA) in a research report report published on Tuesday. The firm currently has a $34.00 price objective on the communications equipment provider’s stock, up from their previous price objective of $31.00.
Several other analysts have also issued reports on VCRA. Zacks Investment Research upgraded shares of Vocera Communications from a sell rating to a hold rating in a research note on Wednesday, May 17th. ValuEngine upgraded shares of Vocera Communications from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, Cantor Fitzgerald reiterated a buy rating and issued a $30.00 target price on shares of Vocera Communications in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $29.17.
Vocera Communications (NYSE:VCRA) opened at 28.73 on Tuesday. Vocera Communications has a one year low of $16.10 and a one year high of $28.79. The company’s 50-day moving average is $27.40 and its 200 day moving average is $25.53. The firm’s market cap is $836.16 million.
Vocera Communications (NYSE:VCRA) last announced its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). The business had revenue of $38.45 million for the quarter, compared to the consensus estimate of $37.53 million. Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.71%. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. Equities analysts anticipate that Vocera Communications will post $0.16 earnings per share for the current year.
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In related news, insider Mary Bridget Duffy sold 38,320 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $25.62, for a total value of $981,758.40. Following the transaction, the insider now directly owns 91,739 shares of the company’s stock, valued at approximately $2,350,353.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brent D. Lang sold 5,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $27.86, for a total transaction of $139,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 239,527 shares of company stock valued at $6,233,635. Company insiders own 6.30% of the company’s stock.
Large investors have recently modified their holdings of the stock. First Mercantile Trust Co. purchased a new position in shares of Vocera Communications in the 2nd quarter worth about $132,000. US Bancorp DE boosted its holdings in shares of Vocera Communications by 41.9% in the 2nd quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock worth $138,000 after buying an additional 1,538 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Vocera Communications by 12.9% in the 1st quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock worth $143,000 after buying an additional 658 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Vocera Communications by 11.2% in the 2nd quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after buying an additional 671 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Vocera Communications in the 2nd quarter worth about $207,000.
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.
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