Vocera Communications Inc (NYSE:VCRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, May 10th.
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. “
VCRA has been the topic of a number of other research reports. Dougherty & Co lifted their target price on Vocera Communications from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Oppenheimer Holdings Inc. set a $27.00 target price on Vocera Communications and gave the company a “buy” rating in a research report on Saturday, February 11th. Finally, CIBC lifted their target price on Vocera Communications from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.69.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings data on Friday, April 28th. The communications equipment provider reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.11. The company had revenue of $36.30 million for the quarter, compared to analyst estimates of $34.46 million. Vocera Communications had a negative return on equity of 9.67% and a negative net margin of 13.52%. The business’s quarterly revenue was up 35.4% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS.
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In related news, Director Robert Zollars sold 62,000 shares of the business’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $23.05, for a total value of $1,429,100.00. Following the sale, the director now owns 37,463 shares in the company, valued at approximately $863,522.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brent D. Lang sold 5,000 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $24.33, for a total value of $121,650.00. The disclosure for this sale can be found here. Insiders sold a total of 193,673 shares of company stock worth $4,647,151 in the last quarter. Company insiders own 13.60% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Sei Investments Co. increased its stake in Vocera Communications by 12.9% in the first quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock valued at $143,000 after buying an additional 658 shares in the last quarter. Princeton Alpha Management LP bought a new position in Vocera Communications during the third quarter valued at approximately $192,000. Karp Capital Management Corp bought a new position in Vocera Communications during the first quarter valued at approximately $216,000. Bayesian Capital Management LP bought a new position in Vocera Communications during the fourth quarter valued at approximately $228,000. Finally, Wells Fargo & Company MN boosted its position in Vocera Communications by 19.9% in the third quarter. Wells Fargo & Company MN now owns 14,129 shares of the communications equipment provider’s stock valued at $239,000 after buying an additional 2,346 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.
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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