Vocera Communications, Inc. (VCRA) Position Cut by Pier Capital LLC

Pier Capital LLC lessened its position in shares of Vocera Communications, Inc. (NYSE:VCRA) by 8.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 234,653 shares of the communications equipment provider’s stock after selling 22,302 shares during the quarter. Vocera Communications comprises 1.3% of Pier Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Pier Capital LLC owned about 0.80% of Vocera Communications worth $7,361,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in VCRA. Conestoga Capital Advisors LLC lifted its position in Vocera Communications by 61.1% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 908,795 shares of the communications equipment provider’s stock worth $28,509,000 after acquiring an additional 344,545 shares during the period. Alliancebernstein L.P. lifted its position in Vocera Communications by 20.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,424,419 shares of the communications equipment provider’s stock worth $37,633,000 after acquiring an additional 236,941 shares during the period. Wells Fargo & Company MN lifted its position in Vocera Communications by 71.7% during the 3rd quarter. Wells Fargo & Company MN now owns 474,748 shares of the communications equipment provider’s stock worth $14,893,000 after acquiring an additional 198,324 shares during the period. Renaissance Technologies LLC lifted its position in Vocera Communications by 11.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,364,000 shares of the communications equipment provider’s stock worth $36,037,000 after acquiring an additional 138,100 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Vocera Communications by 88.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 283,000 shares of the communications equipment provider’s stock worth $7,477,000 after acquiring an additional 132,531 shares during the period.

A number of analysts have weighed in on VCRA shares. BidaskClub cut Vocera Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Leerink Swann reaffirmed an “outperform” rating and set a $34.00 price objective (up from $31.00) on shares of Vocera Communications in a research report on Tuesday, September 12th. Zacks Investment Research raised Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Friday, September 29th. Oppenheimer reaffirmed a “buy” rating and set a $32.00 price objective on shares of Vocera Communications in a research report on Friday, September 22nd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $35.00 price objective on shares of Vocera Communications in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.14.

In other news, EVP Paul T. Johnson sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $28.11, for a total value of $112,440.00. Following the completion of the sale, the executive vice president now directly owns 162,134 shares of the company’s stock, valued at approximately $4,557,586.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sharon O’keefe sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $31.17, for a total value of $62,340.00. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock valued at $696,730 over the last three months. Insiders own 6.30% of the company’s stock.

Vocera Communications, Inc. (NYSE VCRA) traded down $1.18 on Monday, hitting $28.12. The stock had a trading volume of 360,000 shares, compared to its average volume of 200,422. Vocera Communications, Inc. has a 1-year low of $17.31 and a 1-year high of $32.23.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $41.44 million. Vocera Communications had a negative return on equity of 15.55% and a negative net margin of 17.42%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. sell-side analysts anticipate that Vocera Communications, Inc. will post -0.41 earnings per share for the current fiscal year.

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Vocera Communications Company Profile

Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.

Institutional Ownership by Quarter for Vocera Communications (NYSE:VCRA)

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