Leerink Swann Trims Vocera Communications (VCRA) Target Price to $31.00

Vocera Communications (NYSE:VCRA) had its price objective decreased by Leerink Swann from $34.00 to $31.00 in a research note released on Friday. Leerink Swann currently has an outperform rating on the communications equipment provider’s stock.

Several other equities analysts have also recently issued reports on VCRA. BidaskClub cut Vocera Communications from a hold rating to a sell rating in a report on Wednesday, October 18th. Cantor Fitzgerald reiterated a buy rating and issued a $35.00 price target on shares of Vocera Communications in a report on Thursday, October 26th. Oppenheimer raised their price target on Vocera Communications from $32.00 to $36.00 and gave the company an outperform rating in a report on Friday, October 27th. Zacks Investment Research cut Vocera Communications from a buy rating to a hold rating in a report on Thursday, November 2nd. Finally, Craig Hallum reiterated a buy rating and issued a $36.00 price target on shares of Vocera Communications in a report on Monday, November 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Vocera Communications presently has a consensus rating of Buy and a consensus price target of $33.22.

Vocera Communications (NYSE VCRA) opened at $25.80 on Friday. The stock has a market capitalization of $722.43, a PE ratio of -50.59 and a beta of -0.49. Vocera Communications has a 1-year low of $19.48 and a 1-year high of $32.23.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.14. The business had revenue of $45.50 million for the quarter, compared to analysts’ expectations of $43.72 million. Vocera Communications had a negative return on equity of 8.29% and a negative net margin of 8.75%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. equities analysts expect that Vocera Communications will post -0.04 earnings per share for the current fiscal year.

In other Vocera Communications news, General Counsel Douglas Alan Carlen sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $25.66, for a total transaction of $51,320.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brent D. Lang sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $27.96, for a total value of $279,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,922 shares of company stock worth $2,276,087. Company insiders own 6.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in Vocera Communications during the fourth quarter worth about $1,237,000. UBS Asset Management Americas Inc. boosted its holdings in Vocera Communications by 15.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 394,823 shares of the communications equipment provider’s stock worth $11,932,000 after buying an additional 54,069 shares during the last quarter. BlackRock Inc. boosted its holdings in Vocera Communications by 1.8% during the fourth quarter. BlackRock Inc. now owns 2,062,285 shares of the communications equipment provider’s stock worth $62,322,000 after buying an additional 35,896 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Vocera Communications by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 219,469 shares of the communications equipment provider’s stock worth $6,632,000 after buying an additional 9,860 shares during the last quarter. Finally, Advisory Research Inc. raised its position in shares of Vocera Communications by 85.3% during the fourth quarter. Advisory Research Inc. now owns 40,296 shares of the communications equipment provider’s stock worth $1,218,000 after purchasing an additional 18,544 shares during the period.

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About Vocera Communications

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.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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