Chardan Capital Lowers Vocera Communications (VCRA) to Neutral

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Vocera Communications (NYSE:VCRA) was downgraded by equities researchers at Chardan Capital from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports. They currently have a $33.00 price target on the communications equipment provider’s stock, down from their previous price target of $46.00. Chardan Capital’s price objective would suggest a potential upside of 2.07% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Vocera Communications from a “strong-buy” rating to a “buy” rating in a research report on Friday. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Vocera Communications in a research report on Thursday. Zacks Investment Research raised Vocera Communications from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, January 1st. Citigroup reaffirmed a “buy” rating and issued a $46.00 price objective (up previously from $37.00) on shares of Vocera Communications in a research report on Tuesday, December 18th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $40.00 target price on shares of Vocera Communications in a report on Friday, November 30th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $38.33.

Shares of Vocera Communications stock opened at $32.33 on Monday. The firm has a market capitalization of $975.27 million, a price-to-earnings ratio of -190.18 and a beta of 0.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.46 and a current ratio of 4.52. Vocera Communications has a 52 week low of $22.43 and a 52 week high of $42.60.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $48.88 million for the quarter, compared to the consensus estimate of $49.82 million. Vocera Communications had a negative return on equity of 3.37% and a negative net margin of 5.39%. Vocera Communications’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. On average, equities analysts expect that Vocera Communications will post -0.14 EPS for the current fiscal year.

In other Vocera Communications news, Director Howard E. Janzen sold 1,500 shares of the company’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $39.61, for a total value of $59,415.00. Following the completion of the sale, the director now directly owns 49,431 shares in the company, valued at approximately $1,957,961.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Douglas Alan Carlen sold 2,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $35.16, for a total value of $70,320.00. Following the completion of the sale, the general counsel now owns 76,517 shares of the company’s stock, valued at $2,690,337.72. The disclosure for this sale can be found here. Insiders sold a total of 83,253 shares of company stock valued at $3,274,372 over the last quarter. Company insiders own 4.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading L.P. purchased a new stake in shares of Vocera Communications during the 4th quarter worth $125,000. Price Capital Management Inc. purchased a new stake in shares of Vocera Communications during the 3rd quarter worth $132,000. United Services Automobile Association purchased a new stake in shares of Vocera Communications during the 2nd quarter worth $210,000. California Public Employees Retirement System purchased a new stake in shares of Vocera Communications during the 2nd quarter worth $231,000. Finally, WINTON GROUP Ltd lifted its stake in shares of Vocera Communications by 32.9% during the 4th quarter. WINTON GROUP Ltd now owns 7,590 shares of the communications equipment provider’s stock worth $299,000 after purchasing an additional 1,878 shares during the last quarter.

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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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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