Vocera Communications (NYSE:VCRA) Lowered to Hold at ValuEngine

ValuEngine lowered shares of Vocera Communications (NYSE:VCRA) from a buy rating to a hold rating in a report published on Tuesday morning, ValuEngine reports.

Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Vocera Communications from a c rating to a d+ rating in a research report on Wednesday, August 7th. Citigroup set a $28.00 price target on shares of Vocera Communications and gave the company a hold rating in a research report on Friday, July 26th. William Blair restated a buy rating on shares of Vocera Communications in a research report on Friday, July 26th. Oppenheimer set a $36.00 price target on shares of Vocera Communications and gave the company a buy rating in a research report on Friday, July 26th. Finally, Zacks Investment Research upgraded shares of Vocera Communications from a hold rating to a buy rating and set a $31.00 price target on the stock in a research report on Saturday, July 27th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Vocera Communications presently has a consensus rating of Buy and an average price target of $35.00.

NYSE:VCRA opened at $23.83 on Tuesday. The firm has a market cap of $763.86 million, a PE ratio of -140.18 and a beta of 0.18. Vocera Communications has a 12 month low of $23.32 and a 12 month high of $42.60. The company has a quick ratio of 4.36, a current ratio of 4.45 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $28.04 and its two-hundred day moving average price is $31.33.

Vocera Communications (NYSE:VCRA) last released its quarterly earnings results on Thursday, July 25th. The communications equipment provider reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.06. The firm had revenue of $44.80 million for the quarter, compared to analyst estimates of $43.38 million. Vocera Communications had a negative net margin of 10.15% and a negative return on equity of 8.62%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. On average, research analysts expect that Vocera Communications will post -0.35 EPS for the current fiscal year.

In other Vocera Communications news, General Counsel Douglas Alan Carlen sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $23.99, for a total value of $71,970.00. Following the completion of the transaction, the general counsel now directly owns 75,840 shares of the company’s stock, valued at $1,819,401.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mary Bridget Duffy sold 16,225 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $30.45, for a total transaction of $494,051.25. Following the completion of the transaction, 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 27,725 shares of company stock valued at $818,436. Insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc bought a new position in shares of Vocera Communications in the first quarter worth about $228,000. Kornitzer Capital Management Inc. KS bought a new position in shares of Vocera Communications in the second quarter worth about $5,904,000. Elk Creek Partners LLC bought a new position in shares of Vocera Communications in the first quarter worth about $11,371,000. Norges Bank bought a new position in shares of Vocera Communications in the fourth quarter worth about $13,129,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Vocera Communications by 162.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,388 shares of the communications equipment provider’s stock worth $3,006,000 after acquiring an additional 47,279 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 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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