Vocera Communications (VCRA) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Vocera Communications (NYSE:VCRA) from a hold rating to a buy rating in a research report report published on Thursday morning.

Several other research analysts have also commented on VCRA. Leerink Swann lowered shares of Vocera Communications from an outperform rating to a market perform rating and set a $29.00 price target for the company. in a report on Tuesday, March 13th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Vocera Communications from a sell rating to a hold rating in a report on Tuesday, March 20th. Finally, Cantor Fitzgerald reaffirmed a buy rating and issued a $35.00 price target on shares of Vocera Communications in a report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $34.00.

VCRA opened at $30.92 on Thursday. The stock has a market capitalization of $907.57 million, a PE ratio of -103.07 and a beta of -0.09. Vocera Communications has a 1-year low of $22.43 and a 1-year high of $32.23.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, April 26th. The communications equipment provider reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Vocera Communications had a negative net margin of 7.42% and a negative return on equity of 5.95%. The business had revenue of $40.20 million during the quarter, compared to analyst estimates of $39.16 million. During the same period in the previous year, the business posted ($0.05) EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. equities research analysts forecast that Vocera Communications will post -0.22 earnings per share for the current fiscal year.

In other Vocera Communications news, Chairman Brent D. Lang sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $25.16, for a total transaction of $251,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Bridget Duffy sold 16,427 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $30.02, for a total transaction of $493,138.54. Following the transaction, the insider now directly owns 60,755 shares of the company’s stock, valued at $1,823,865.10. The disclosure for this sale can be found here. Insiders sold a total of 77,901 shares of company stock valued at $2,164,653 over the last ninety days. Company insiders own 4.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of VCRA. Rockefeller Capital Management L.P. acquired a new position in Vocera Communications during the 1st quarter valued at about $24,860,000. Loomis Sayles & Co. L P acquired a new position in Vocera Communications during the 1st quarter valued at about $13,477,000. Elk Creek Partners LLC boosted its stake in Vocera Communications by 58.1% during the 1st quarter. Elk Creek Partners LLC now owns 972,699 shares of the communications equipment provider’s stock valued at $22,781,000 after purchasing an additional 357,397 shares during the period. American Century Companies Inc. acquired a new position in Vocera Communications during the 1st quarter valued at about $5,794,000. Finally, Hood River Capital Management LLC boosted its stake in Vocera Communications by 50.6% during the 1st quarter. Hood River Capital Management LLC now owns 431,241 shares of the communications equipment provider’s stock valued at $10,100,000 after purchasing an additional 144,835 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 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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