Vocera Communications Inc (VCRA) Receives Consensus Recommendation of “Buy” from Analysts

Vocera Communications Inc (NYSE:VCRA) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $33.14.

A number of research analysts have commented on VCRA shares. BidaskClub cut shares of Vocera Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Robert W. Baird started coverage on shares of Vocera Communications in a research report on Wednesday, December 20th. They set an “outperform” rating and a $35.00 price target on the stock. Zacks Investment Research upgraded shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, December 28th. Cantor Fitzgerald reiterated a “buy” rating and set a $35.00 price target on shares of Vocera Communications in a research report on Thursday, October 26th. Finally, Citigroup started coverage on shares of Vocera Communications in a research report on Thursday, January 4th. They set a “buy” rating on the stock.

Shares of Vocera Communications (VCRA) traded up $0.06 on Tuesday, reaching $25.96. 594,939 shares of the company were exchanged, compared to its average volume of 152,987. Vocera Communications has a 1-year low of $19.02 and a 1-year high of $32.23.

Vocera Communications (NYSE:VCRA) last announced 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 for 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%. Vocera Communications’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. equities analysts anticipate that Vocera Communications will post -0.43 EPS for the current fiscal year.

In other news, Director Sharon O’keefe sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the director now owns 42,127 shares in the company, valued at $1,271,392.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $26.78, for a total transaction of $133,900.00. The disclosure for this sale can be found here. Insiders have sold 38,954 shares of company stock worth $1,074,824 over the last quarter. Company insiders own 6.30% of the company’s stock.

Several institutional investors have recently modified their holdings of VCRA. Renaissance Technologies LLC boosted its holdings in Vocera Communications by 11.3% in the second quarter. Renaissance Technologies LLC now owns 1,364,000 shares of the communications equipment provider’s stock valued at $36,037,000 after acquiring an additional 138,100 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Vocera Communications by 3.7% in the second quarter. Vanguard Group Inc. now owns 1,111,324 shares of the communications equipment provider’s stock valued at $29,361,000 after acquiring an additional 39,267 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in Vocera Communications by 61.1% in the third quarter. Conestoga Capital Advisors LLC now owns 908,795 shares of the communications equipment provider’s stock valued at $28,509,000 after acquiring an additional 344,545 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Vocera Communications by 1.3% in the second quarter. New York State Common Retirement Fund now owns 810,808 shares of the communications equipment provider’s stock valued at $21,422,000 after acquiring an additional 10,392 shares in the last quarter. Finally, Columbus Circle Investors boosted its holdings in Vocera Communications by 9.7% in the third quarter. Columbus Circle Investors now owns 718,712 shares of the communications equipment provider’s stock valued at $22,546,000 after acquiring an additional 63,340 shares in the last quarter.

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About Vocera Communications

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.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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