Vocera Communications (NYSE:VCRA) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Vocera Communications (NYSE:VCRA) from a hold rating to a buy rating in a report issued on Saturday morning, Zacks.com reports. They currently have $27.00 target price on the communications equipment provider’s stock.

According to Zacks, “Vocera Communications Inc. provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. The Company’s solutions consist of its Voice Communication, new Messaging and Care Transition solutions. It enables users to communicate with a Vocera Wi-Fi (TM) Smartphone or Vocera Connect application for smartphones including Blackberry, iPhone, and Android devices. Vocera Communications Inc. is headquartered in San Jose, Calif. “

A number of other equities analysts also recently commented on VCRA. Craig Hallum downgraded shares of Vocera Communications from a buy rating to a hold rating and set a $21.00 price objective for the company. in a research note on Friday. Piper Jaffray Companies reduced their price objective on shares of Vocera Communications from $34.00 to $28.00 and set an overweight rating for the company in a research note on Friday. Cantor Fitzgerald downgraded shares of Vocera Communications from an overweight rating to a neutral rating and reduced their price objective for the stock from $36.00 to $20.00 in a research note on Friday. Jefferies Financial Group began coverage on shares of Vocera Communications in a research note on Friday, August 23rd. They issued a buy rating and a $30.00 price objective for the company. Finally, Citigroup reduced their price objective on shares of Vocera Communications from $28.00 to $19.00 and set a neutral rating for the company in a research note on Friday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $27.45.

Vocera Communications stock opened at $20.03 on Friday. The company has a 50 day moving average price of $24.11 and a 200-day moving average price of $28.05. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.36 and a current ratio of 4.45. Vocera Communications has a fifty-two week low of $17.90 and a fifty-two week high of $42.60. The company has a market capitalization of $764.18 million, a PE ratio of -117.82 and a beta of 0.35.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, October 24th. The communications equipment provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The firm had revenue of $50.78 million during the quarter, compared to the consensus estimate of $50.72 million. Vocera Communications had a negative net margin of 9.68% and a negative return on equity of 8.38%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, analysts forecast that Vocera Communications will post -0.36 earnings per share for the current year.

In other Vocera Communications news, General Counsel Douglas Alan Carlen sold 3,000 shares of Vocera Communications stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $23.99, for a total value of $71,970.00. Following the transaction, the general counsel now directly owns 75,840 shares of the company’s stock, valued at $1,819,401.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 6,000 shares of company stock worth $145,850 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VCRA. Quantamental Technologies LLC purchased a new position in Vocera Communications in the second quarter worth $123,000. Cutler Group LP grew its holdings in shares of Vocera Communications by 568.6% during the second quarter. Cutler Group LP now owns 6,471 shares of the communications equipment provider’s stock valued at $206,000 after buying an additional 7,852 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Vocera Communications during the second quarter valued at $310,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Vocera Communications during the second quarter valued at $320,000. Finally, United Services Automobile Association grew its holdings in shares of Vocera Communications by 8.4% during the second quarter. United Services Automobile Association now owns 12,473 shares of the communications equipment provider’s stock valued at $398,000 after buying an additional 964 shares during the last quarter.

About Vocera Communications

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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