ValuEngine Upgrades Vocera Communications (NYSE:VCRA) to Buy

Vocera Communications (NYSE:VCRA) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday, ValuEngine reports.

Several other research analysts have also weighed in on VCRA. William Blair reaffirmed a “buy” rating on shares of Vocera Communications in a research report on Friday, July 26th. Dougherty & Co reaffirmed a “buy” rating and issued a $37.00 target price (down from $38.00) on shares of Vocera Communications in a research report on Friday, July 26th. Zacks Investment Research raised Vocera Communications from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Saturday, July 27th. Cantor Fitzgerald set a $36.00 target price on Vocera Communications and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Piper Jaffray Companies set a $34.00 target price on Vocera Communications and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.00.

Shares of Vocera Communications stock traded down $0.56 during trading hours on Thursday, reaching $26.30. 440,770 shares of the company’s stock were exchanged, compared to its average volume of 611,887. Vocera Communications has a 52-week low of $24.50 and a 52-week high of $42.60. The company has a market capitalization of $799.23 million, a price-to-earnings ratio of -154.71 and a beta of 0.19. The company’s fifty day moving average is $29.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.57 and a quick ratio of 4.46.

Vocera Communications (NYSE:VCRA) last issued its quarterly earnings results on Thursday, July 25th. The communications equipment provider reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. The company had revenue of $44.80 million for the quarter, compared to analyst estimates of $43.38 million. Vocera Communications had a negative return on equity of 8.53% and a negative net margin of 10.15%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, equities analysts forecast that Vocera Communications will post -0.35 EPS for the current year.

In other Vocera Communications news, insider Mary Bridget Duffy sold 16,225 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $30.45, for a total value of $494,051.25. Following the transaction, the insider now directly owns 49,560 shares of the company’s stock, valued at $1,509,102. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul T. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $29.32, for a total value of $29,320.00. Following the completion of the transaction, the executive vice president now directly owns 136,999 shares in the company, valued at $4,016,810.68. The disclosure for this sale can be found here. Insiders sold 44,057 shares of company stock worth $1,432,635 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in shares of Vocera Communications by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 225,917 shares of the communications equipment provider’s stock valued at $8,891,000 after purchasing an additional 29,096 shares during the period. Raymond James & Associates grew its stake in shares of Vocera Communications by 14.1% during the 4th quarter. Raymond James & Associates now owns 7,497 shares of the communications equipment provider’s stock valued at $295,000 after acquiring an additional 926 shares during the period. Northern Trust Corp grew its stake in shares of Vocera Communications by 0.5% during the 4th quarter. Northern Trust Corp now owns 416,852 shares of the communications equipment provider’s stock valued at $16,403,000 after acquiring an additional 2,029 shares during the period. United Services Automobile Association bought a new position in shares of Vocera Communications during the 4th quarter valued at approximately $278,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Vocera Communications by 162.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 76,388 shares of the communications equipment provider’s stock valued at $3,006,000 after acquiring an additional 47,279 shares during the period.

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.

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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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