Wells Fargo & Company MN grew its position in Vocera Communications Inc (NYSE:VCRA) by 71.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 474,748 shares of the communications equipment provider’s stock after purchasing an additional 198,324 shares during the period. Wells Fargo & Company MN owned about 1.62% of Vocera Communications worth $14,893,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Mercantile Trust Co. acquired a new stake in Vocera Communications in the second quarter worth $132,000. US Bancorp DE raised its holdings in Vocera Communications by 41.9% in the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock worth $138,000 after purchasing an additional 1,538 shares during the period. Legal & General Group Plc increased its position in shares of Vocera Communications by 11.2% during the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after acquiring an additional 671 shares in the last quarter. Sei Investments Co. increased its position in shares of Vocera Communications by 36.1% during the second quarter. Sei Investments Co. now owns 7,853 shares of the communications equipment provider’s stock worth $207,000 after acquiring an additional 2,082 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Vocera Communications during the second quarter worth $215,000.
Several equities research analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Vocera Communications in a research report on Wednesday. They set an “outperform” rating and a $35.00 price objective for the company. Craig Hallum reissued a “buy” rating and set a $36.00 price objective on shares of Vocera Communications in a research report on Monday, November 27th. BidaskClub downgraded shares of Vocera Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Vocera Communications from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Oppenheimer increased their price objective on shares of Vocera Communications from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.38.
Shares of Vocera Communications Inc (NYSE:VCRA) opened at $30.38 on Friday. Vocera Communications Inc has a 12-month low of $17.31 and a 12-month high of $32.23.
Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $42.30 million during the quarter, compared to the consensus estimate of $41.44 million. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. analysts predict that Vocera Communications Inc will post -0.41 earnings per share for the current year.
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.
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