Vocera Communications (NYSE:VCRA) Downgraded to Buy at ValuEngine

ValuEngine downgraded shares of Vocera Communications (NYSE:VCRA) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

A number of other analysts also recently weighed in on the stock. Cantor Fitzgerald reaffirmed an overweight rating and issued a $40.00 target price (up from $37.00) on shares of Vocera Communications in a research report on Thursday, May 16th. Guggenheim assumed coverage on shares of Vocera Communications in a research report on Wednesday, April 17th. They issued a buy rating and a $35.00 target price on the stock. Dougherty & Co raised shares of Vocera Communications from a neutral rating to a buy rating and set a $39.00 target price on the stock in a research report on Thursday, February 28th. Finally, Chardan Capital downgraded shares of Vocera Communications from a buy rating to a neutral rating and reduced their target price for the stock from $46.00 to $33.00 in a research report on Monday, February 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $39.30.

NYSE:VCRA opened at $30.33 on Tuesday. The stock has a market capitalization of $927.51 million, a PE ratio of -178.41 and a beta of 0.26. The company has a current ratio of 4.57, a quick ratio of 4.46 and a debt-to-equity ratio of 0.71. Vocera Communications has a 1-year low of $28.31 and a 1-year high of $42.60.

Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, April 25th. The communications equipment provider reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.22. The firm had revenue of $35.30 million for the quarter, compared to the consensus estimate of $34.03 million. Vocera Communications had a negative net margin of 9.52% and a negative return on equity of 7.87%. The company’s revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 EPS. On average, analysts forecast that Vocera Communications will post -0.33 EPS for the current fiscal year.

In related news, insider Mary Bridget Duffy sold 16,225 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $30.45, for a total transaction of $494,051.25. Following the sale, the insider now directly owns 49,560 shares of the company’s stock, valued at approximately $1,509,102. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Douglas Alan Carlen sold 1,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $34.22, for a total transaction of $34,220.00. The disclosure for this sale can be found here. Insiders have sold a total of 74,735 shares of company stock worth $2,489,499 over the last three months. 3.20% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in VCRA. FMR LLC grew its position in Vocera Communications by 1,557,172.7% during the 1st quarter. FMR LLC now owns 513,900 shares of the communications equipment provider’s stock valued at $16,255,000 after purchasing an additional 513,867 shares during the last quarter. Man Group plc purchased a new stake in Vocera Communications during the 1st quarter valued at about $15,332,000. Elk Creek Partners LLC purchased a new stake in Vocera Communications during the 1st quarter valued at about $11,371,000. Norges Bank purchased a new stake in Vocera Communications during the 4th quarter valued at about $13,129,000. Finally, Janus Henderson Group PLC grew its position in Vocera Communications by 24.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,140,259 shares of the communications equipment provider’s stock valued at $36,066,000 after purchasing an additional 220,388 shares during 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 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: Cost of Debt

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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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