The Vocera Communications, Inc. (VCRA) Upgraded to “Hold” by BidaskClub

The Vocera Communications, Inc. (VCRA) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Vocera Communications, Inc. (NYSE:VCRA) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

VCRA has been the topic of several other research reports. Zacks Investment Research raised Vocera Communications from a hold rating to a buy rating and set a $35.00 target price on the stock in a research note on Friday, September 29th. Cantor Fitzgerald reissued a buy rating and issued a $30.00 price target on shares of Vocera Communications in a research note on Tuesday, September 26th. Leerink Swann reissued an outperform rating and issued a $34.00 price target (up previously from $31.00) on shares of Vocera Communications in a research note on Tuesday, September 12th. Finally, Oppenheimer Holdings, Inc. reissued a buy rating and issued a $32.00 price target on shares of Vocera Communications in a research note on Friday, September 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Vocera Communications currently has a consensus rating of Buy and an average price target of $31.17.

Vocera Communications (NYSE VCRA) traded down 0.03% during midday trading on Wednesday, hitting $29.98. 91,683 shares of the company traded hands. Vocera Communications has a 12-month low of $16.10 and a 12-month high of $32.05. The stock has a 50 day moving average price of $29.87 and a 200-day moving average price of $27.15. The company’s market cap is $872.54 million.

Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.71%. The business had revenue of $38.45 million for the quarter, compared to analysts’ expectations of $37.53 million. During the same period last year, the firm earned $0.02 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. Analysts expect that Vocera Communications will post $0.16 EPS for the current year.

In other Vocera Communications news, EVP Paul T. Johnson sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $28.11, for a total transaction of $112,440.00. Following the completion of the sale, the executive vice president now owns 162,134 shares of the company’s stock, valued at $4,557,586.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $27.86, for a total value of $139,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 27,000 shares of company stock valued at $789,260. 6.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. boosted its position in Vocera Communications by 20.0% during the second quarter. Alliancebernstein L.P. now owns 1,424,419 shares of the communications equipment provider’s stock worth $37,633,000 after purchasing an additional 236,941 shares during the period. Renaissance Technologies LLC boosted its position in Vocera Communications by 11.3% during the second quarter. Renaissance Technologies LLC now owns 1,364,000 shares of the communications equipment provider’s stock worth $36,037,000 after purchasing an additional 138,100 shares during the period. Vanguard Group Inc. boosted its position in Vocera Communications by 3.7% during the second quarter. Vanguard Group Inc. now owns 1,111,324 shares of the communications equipment provider’s stock worth $29,361,000 after purchasing an additional 39,267 shares during the period. Rockefeller Financial Services Inc. boosted its position in Vocera Communications by 3.1% during the second quarter. Rockefeller Financial Services Inc. now owns 926,895 shares of the communications equipment provider’s stock worth $24,489,000 after purchasing an additional 28,125 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Vocera Communications by 1.3% during the second quarter. New York State Common Retirement Fund now owns 810,808 shares of the communications equipment provider’s stock worth $21,422,000 after purchasing an additional 10,392 shares during the period.

Vocera Communications Company Profile

Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.

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