Analysts Set Vocera Communications Inc (NYSE:VCRA) Target Price at $35.00

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Vocera Communications Inc (NYSE:VCRA) has earned a consensus rating of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $35.00.

A number of research firms recently commented on VCRA. Citigroup set a $28.00 price target on Vocera Communications and gave the stock a “hold” rating in a research note on Friday, July 26th. ValuEngine downgraded Vocera Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Dougherty & Co reiterated a “buy” rating and issued a $37.00 price target (down from $38.00) on shares of Vocera Communications in a research note on Friday, July 26th. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Saturday, July 27th. Finally, Cantor Fitzgerald set a $36.00 price target on Vocera Communications and gave the stock an “overweight” rating in a research note on Friday, July 26th.

In other Vocera Communications news, General Counsel Douglas Alan Carlen sold 3,000 shares of Vocera Communications stock in a transaction that occurred on 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 transaction, the general counsel now directly owns 75,840 shares in the company, valued at $1,819,401.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul T. Johnson sold 1,000 shares of Vocera Communications stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $32.41, for a total value of $32,410.00. Following the completion of the transaction, the executive vice president now owns 160,793 shares of the company’s stock, valued at $5,211,301.13. The disclosure for this sale can be found here. Insiders sold 27,725 shares of company stock valued at $818,436 over the last quarter. Insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of VCRA. Quantamental Technologies LLC acquired a new position in shares of Vocera Communications during the second quarter worth approximately $123,000. Cutler Group LP boosted its position 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 worth $206,000 after buying an additional 7,852 shares during the period. Legal & General Group Plc boosted its position in shares of Vocera Communications by 13.0% during the fourth quarter. Legal & General Group Plc now owns 5,348 shares of the communications equipment provider’s stock worth $211,000 after buying an additional 616 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Vocera Communications during the first quarter worth approximately $228,000. Finally, Menta Capital LLC acquired a new position in shares of Vocera Communications during the first quarter worth approximately $263,000.

Shares of NYSE VCRA traded up $0.20 during midday trading on Wednesday, reaching $23.87. 220,677 shares of the company’s stock were exchanged, compared to its average volume of 443,964. Vocera Communications has a 52-week low of $23.30 and a 52-week high of $42.60. The stock has a market capitalization of $749.71 million, a PE ratio of -140.41 and a beta of 0.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.36 and a current ratio of 4.45. The business’s fifty day moving average price is $27.21 and its two-hundred day moving average price is $31.05.

Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, July 25th. The communications equipment provider reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.06. Vocera Communications had a negative return on equity of 8.62% and a negative net margin of 10.15%. The business had revenue of $44.80 million for the quarter, compared to analyst estimates of $43.38 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts predict that Vocera Communications will post -0.35 earnings per share for the current fiscal 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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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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