Vocera Communications (VCRA) Given Average Rating of “Buy” by Brokerages

Vocera Communications (NYSE:VCRA) has earned an average recommendation of “Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.75.

VCRA has been the topic of a number of research reports. Chardan Capital reaffirmed a “buy” rating and issued a $35.00 price target (down from $37.00) on shares of Vocera Communications in a research note on Monday, February 12th. Zacks Investment Research lowered shares of Vocera Communications from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Robert W. Baird initiated coverage on shares of Vocera Communications in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $35.00 price target on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $35.00 price target on shares of Vocera Communications in a research note on Monday, January 22nd. Finally, Leerink Swann decreased their price target on shares of Vocera Communications from $34.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th.

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Shares of VCRA stock traded down $0.01 during mid-day trading on Friday, hitting $24.06. 7,764 shares of the stock were exchanged, compared to its average volume of 263,056. Vocera Communications has a 52-week low of $22.43 and a 52-week high of $32.23.

Vocera Communications (NYSE:VCRA) last issued its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. The firm had revenue of $45.50 million for the quarter, compared to analyst estimates of $43.72 million. Vocera Communications had a negative net margin of 8.75% and a negative return on equity of 8.11%. Vocera Communications’s quarterly revenue was up 26.4% compared to the same quarter last year. sell-side analysts forecast that Vocera Communications will post -0.24 earnings per share for the current fiscal year.

In other Vocera Communications news, EVP Paul T. Johnson sold 18,553 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $30.00, for a total value of $556,590.00. Following the transaction, the executive vice president now directly owns 151,989 shares of the company’s stock, valued at approximately $4,559,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul T. Johnson sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $26.23, for a total transaction of $78,690.00. Following the completion of the transaction, the executive vice president now directly owns 145,945 shares in the company, valued at $3,828,137.35. The disclosure for this sale can be found here. Insiders sold a total of 87,205 shares of company stock worth $2,421,229 over the last three months. Corporate insiders own 6.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Vocera Communications by 1.8% in the 4th quarter. BlackRock Inc. now owns 2,062,285 shares of the communications equipment provider’s stock worth $62,322,000 after purchasing an additional 35,896 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Vocera Communications by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,597,525 shares of the communications equipment provider’s stock worth $48,277,000 after buying an additional 103,389 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Vocera Communications by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the communications equipment provider’s stock worth $47,385,000 after buying an additional 96,200 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Vocera Communications by 2.1% during the 4th quarter. Clearbridge Investments LLC now owns 1,337,386 shares of the communications equipment provider’s stock worth $40,416,000 after buying an additional 27,287 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of Vocera Communications by 18.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,076,350 shares of the communications equipment provider’s stock worth $32,527,000 after buying an additional 167,555 shares during the last quarter.

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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.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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