Comerica Bank boosted its stake in shares of Vocera Communications Inc (NYSE:VCRA) by 117.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,929 shares of the communications equipment provider’s stock after buying an additional 62,183 shares during the quarter. Comerica Bank owned approximately 0.37% of Vocera Communications worth $2,792,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System lifted its stake in shares of Vocera Communications by 312.5% in the 3rd quarter. California Public Employees Retirement System now owns 55,800 shares of the communications equipment provider’s stock valued at $1,375,000 after purchasing an additional 42,273 shares during the period. Pembroke Management LTD lifted its stake in shares of Vocera Communications by 26.8% in the 3rd quarter. Pembroke Management LTD now owns 260,741 shares of the communications equipment provider’s stock valued at $6,427,000 after purchasing an additional 55,163 shares during the period. Conestoga Capital Advisors LLC lifted its stake in shares of Vocera Communications by 29.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,039,592 shares of the communications equipment provider’s stock valued at $74,926,000 after purchasing an additional 688,225 shares during the period. CWM LLC acquired a new position in shares of Vocera Communications in the 3rd quarter valued at about $6,030,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Vocera Communications by 10.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 30,095 shares of the communications equipment provider’s stock valued at $742,000 after purchasing an additional 2,961 shares during the period.
In related news, General Counsel Douglas Alan Carlen sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $23.99, for a total value of $71,970.00. Following the completion of the sale, the general counsel now directly owns 75,840 shares of the company’s stock, valued at approximately $1,819,401.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 5,000 shares of company stock valued at $121,070 over the last ninety days. 3.20% of the stock is currently owned by corporate insiders.
A number of research analysts have recently issued reports on the company. Craig Hallum downgraded Vocera Communications from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Friday, October 25th. Piper Jaffray Companies dropped their price objective on Vocera Communications from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Robert W. Baird downgraded Vocera Communications from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $20.00 in a research note on Friday, October 25th. Guggenheim set a $31.00 price objective on Vocera Communications and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Citigroup dropped their price objective on Vocera Communications from $28.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.45.
Shares of Vocera Communications stock opened at $21.38 on Tuesday. Vocera Communications Inc has a one year low of $17.90 and a one year high of $42.60. The firm has a market capitalization of $661.83 million, a price-to-earnings ratio of -125.76 and a beta of 0.25. The business has a 50-day simple moving average of $23.21 and a 200 day simple moving average of $27.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.38 and a quick ratio of 4.31.
Vocera Communications (NYSE:VCRA) last issued its earnings results on Thursday, October 24th. The communications equipment provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Vocera Communications had a negative return on equity of 8.37% and a negative net margin of 9.68%. The business had revenue of $50.78 million during the quarter, compared to analyst estimates of $50.72 million. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts expect that Vocera Communications Inc will post -0.45 EPS for the current year.
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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