Vocera Communications Inc (NYSE:VCRA) has received an average recommendation of “Buy” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $27.00.
VCRA has been the topic of several recent research reports. TheStreet downgraded shares of Vocera Communications from a “c” rating to a “d+” rating in a research note on Wednesday, August 7th. Craig Hallum downgraded shares of Vocera Communications from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research note on Friday, October 25th. Robert W. Baird downgraded shares of Vocera Communications from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $20.00 in a research note on Friday, October 25th. Royal Bank of Canada started coverage on shares of Vocera Communications in a research note on Thursday. They set a “sector perform” rating and a $22.00 target price on the stock. Finally, Cantor Fitzgerald cut shares of Vocera Communications from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $20.00 in a report on Friday, October 25th.
A number of hedge funds and other institutional investors have recently bought and sold shares of VCRA. Quantamental Technologies LLC acquired a new position in Vocera Communications during the 2nd quarter worth approximately $123,000. Tower Research Capital LLC TRC grew its holdings in Vocera Communications by 39.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,939 shares of the communications equipment provider’s stock worth $146,000 after acquiring an additional 1,684 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Vocera Communications during the 3rd quarter worth approximately $150,000. Cutler Group LP grew its holdings in Vocera Communications by 568.6% during the 2nd quarter. Cutler Group LP now owns 6,471 shares of the communications equipment provider’s stock worth $206,000 after acquiring an additional 7,852 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Vocera Communications during the 2nd quarter worth approximately $310,000.
Shares of VCRA opened at $21.41 on Friday. Vocera Communications has a fifty-two week low of $17.90 and a fifty-two week high of $42.60. The firm’s 50 day moving average price is $22.42 and its 200 day moving average price is $26.85. The company has a market cap of $670.02 million, a P/E ratio of -125.94 and a beta of 0.25. The company has a quick ratio of 4.31, a current ratio of 4.38 and a debt-to-equity ratio of 0.73.
Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, October 24th. The communications equipment provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Vocera Communications had a negative net margin of 9.68% and a negative return on equity of 8.37%. The firm had revenue of $50.78 million for the quarter, compared to the consensus estimate of $50.72 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts forecast that Vocera Communications will post -0.45 earnings per share for the current year.
About Vocera Communications
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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