Vocera Communications Inc (VCRA) Receives $37.86 Average PT from Analysts

Vocera Communications Inc (NYSE:VCRA) has been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $37.86.

A number of research firms recently weighed in on VCRA. Chardan Capital downgraded Vocera Communications from a “buy” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $33.00 in a research note on Monday, February 11th. Cantor Fitzgerald restated a “buy” rating and issued a $37.00 price target on shares of Vocera Communications in a research note on Thursday, February 7th. Dougherty & Co downgraded Vocera Communications from a “buy” rating to a “neutral” rating in a research note on Monday, January 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, January 1st. Finally, ValuEngine upgraded Vocera Communications from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th.

Shares of NYSE:VCRA traded down $0.45 during trading on Thursday, reaching $31.01. The company had a trading volume of 6,165 shares, compared to its average volume of 293,560. The firm has a market cap of $954.33 million, a P/E ratio of -182.71 and a beta of 0.25. The company has a current ratio of 4.49, a quick ratio of 4.42 and a debt-to-equity ratio of 0.68. Vocera Communications has a fifty-two week low of $22.96 and a fifty-two week high of $42.60.

Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, February 7th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. The business had revenue of $48.88 million for the quarter, compared to analyst estimates of $49.82 million. Vocera Communications had a negative return on equity of 3.26% and a negative net margin of 5.39%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Research analysts forecast that Vocera Communications will post -0.29 EPS for the current fiscal year.

In other Vocera Communications news, Chairman Brent D. Lang sold 24,000 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $35.06, for a total transaction of $841,440.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sharon O’keefe sold 4,000 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $31.32, for a total value of $125,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,357 shares of company stock worth $2,587,169. 4.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sciencast Management LP purchased a new stake in Vocera Communications during the first quarter worth $285,000. Deutsche Bank AG boosted its position in Vocera Communications by 46.8% during the fourth quarter. Deutsche Bank AG now owns 199,136 shares of the communications equipment provider’s stock worth $7,833,000 after purchasing an additional 63,528 shares in the last quarter. Geode Capital Management LLC boosted its position in Vocera Communications by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 322,983 shares of the communications equipment provider’s stock worth $12,709,000 after purchasing an additional 29,261 shares in the last quarter. Norges Bank purchased a new stake in Vocera Communications during the fourth quarter worth $13,129,000. Finally, Dimensional Fund Advisors LP boosted its position in Vocera Communications by 162.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 76,388 shares of the communications equipment provider’s stock worth $3,006,000 after purchasing an additional 47,279 shares in the last quarter.

Vocera Communications Company Profile

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 could be 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.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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