Piper Jaffray Companies Analysts Give Vocera Communications (NYSE:VCRA) a $34.00 Price Target

Piper Jaffray Companies set a $34.00 target price on Vocera Communications (NYSE:VCRA) in a research note released on Friday morning, The Fly reports. The firm currently has an overweight rating on the communications equipment provider’s stock.

A number of other research firms also recently weighed in on VCRA. Zacks Investment Research upgraded Hallmark Financial Services from a hold rating to a buy rating and set a $16.00 price target for the company in a research note on Friday, July 19th. Guggenheim started coverage on Patterson Companies in a research note on Wednesday, April 17th. They issued a neutral rating and a $23.00 price target for the company. ValuEngine upgraded Valmont Industries from a sell rating to a hold rating in a research note on Friday, July 12th. Finally, Cantor Fitzgerald reaffirmed an overweight rating on shares of Prothena in a research report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Vocera Communications currently has a consensus rating of Buy and an average price target of $35.00.

VCRA stock opened at $25.78 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.46 and a current ratio of 4.57. The company has a 50 day moving average of $30.25. The company has a market capitalization of $802.66 million, a P/E ratio of -151.65 and a beta of 0.22. Vocera Communications has a twelve month low of $24.50 and a twelve month high of $42.60.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, July 25th. The communications equipment provider reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.06. The firm had revenue of $44.80 million during the quarter, compared to the consensus estimate of $43.38 million. Vocera Communications had a negative return on equity of 8.53% and a negative net margin of 10.15%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, equities analysts forecast that Vocera Communications will post -0.33 EPS for the current fiscal year.

In related news, Director Sharon O’keefe sold 4,000 shares of Vocera Communications stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $29.60, for a total transaction of $118,400.00. 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 16,225 shares of Vocera Communications stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $30.45, for a total value of $494,051.25. Following the sale, the insider now directly owns 49,560 shares of the company’s stock, valued at $1,509,102. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,057 shares of company stock valued at $1,432,635. Insiders own 3.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Freestone Capital Holdings LLC acquired a new stake in Vocera Communications during the 1st quarter worth approximately $9,489,000. Legal & General Group Plc raised its holdings in Vocera Communications by 13.0% in the 4th quarter. Legal & General Group Plc now owns 5,348 shares of the communications equipment provider’s stock valued at $211,000 after acquiring an additional 616 shares in the last quarter. Raymond James & Associates raised its holdings in Vocera Communications by 14.1% in the 4th quarter. Raymond James & Associates now owns 7,497 shares of the communications equipment provider’s stock valued at $295,000 after acquiring an additional 926 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Vocera Communications by 11.8% in the 4th quarter. Squarepoint Ops LLC now owns 11,807 shares of the communications equipment provider’s stock valued at $465,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Vocera Communications by 0.5% in the 4th quarter. Northern Trust Corp now owns 416,852 shares of the communications equipment provider’s stock valued at $16,403,000 after acquiring an additional 2,029 shares in 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 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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