Vocera Communications Inc (NYSE:VCRA) Given Consensus Recommendation of “Buy” by Analysts

Shares of Vocera Communications Inc (NYSE:VCRA) have been assigned an average recommendation of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $27.67.

Several analysts have weighed in on VCRA shares. ValuEngine downgraded shares of Vocera Communications from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 18th. Robert W. Baird raised shares of Vocera Communications from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $22.00 to $32.00 in a research note on Tuesday, February 18th. Wells Fargo & Co lowered their price objective on shares of Vocera Communications from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Guggenheim upped their price objective on shares of Vocera Communications from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of Vocera Communications from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, February 7th.

Shares of NYSE VCRA traded up $1.02 during mid-day trading on Thursday, reaching $21.03. 583,700 shares of the company were exchanged, compared to its average volume of 411,571. Vocera Communications has a 52 week low of $15.89 and a 52 week high of $35.73. The company has a quick ratio of 4.01, a current ratio of 4.07 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $667.30 million, a PE ratio of -36.26 and a beta of -0.01. The company’s 50 day moving average price is $23.95 and its 200 day moving average price is $22.62.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. Vocera Communications had a negative net margin of 9.96% and a negative return on equity of 9.11%. The company had revenue of $49.70 million during the quarter, compared to the consensus estimate of $49.28 million. During the same period in the previous year, the firm posted $0.18 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Vocera Communications will post -0.49 earnings per share for the current year.

In related news, Director John N. Mcmullen sold 2,456 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $25.00, for a total transaction of $61,400.00. Following the transaction, the director now owns 42,141 shares in the company, valued at $1,053,525. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Douglas Alan Carlen sold 4,058 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $24.78, for a total transaction of $100,557.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,566 shares of company stock worth $2,275,225. Corporate insiders own 3.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of VCRA. Point72 Hong Kong Ltd bought a new position in Vocera Communications during the fourth quarter valued at approximately $45,000. Great West Life Assurance Co. Can bought a new position in Vocera Communications during the fourth quarter valued at approximately $45,000. Exchange Traded Concepts LLC bought a new position in Vocera Communications during the fourth quarter valued at approximately $89,000. Russell Investments Group Ltd. bought a new position in Vocera Communications during the third quarter valued at approximately $150,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Vocera Communications during the fourth quarter valued at approximately $218,000.

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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