Chardan Capital downgraded shares of Vocera Communications (NYSE:VCRA) from a buy rating to a neutral rating in a research note published on Monday, Marketbeat reports. They currently have $33.00 target price on the communications equipment provider’s stock, down from their previous target price of $46.00.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Vocera Communications from a buy rating to a hold rating in a research report on Saturday. ValuEngine cut shares of Vocera Communications from a strong-buy rating to a buy rating in a research report on Friday. Citigroup cut shares of Vocera Communications from a buy rating to a neutral rating in a research report on Friday. Cantor Fitzgerald restated a buy rating and set a $37.00 target price on shares of Vocera Communications in a research report on Thursday, February 7th. Finally, Dougherty & Co cut shares of Vocera Communications from a buy rating to a neutral rating in a research report on Monday, January 14th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $38.33.
Shares of VCRA opened at $29.98 on Monday. The company has a quick ratio of 4.46, a current ratio of 4.52 and a debt-to-equity ratio of 0.69. The stock has a market cap of $975.27 million, a price-to-earnings ratio of -176.35 and a beta of 0.31. Vocera Communications has a 12-month low of $22.43 and a 12-month high of $42.60.
Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, February 7th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $48.88 million during the quarter, compared to analysts’ expectations of $49.82 million. Vocera Communications had a negative net margin of 5.39% and a negative return on equity of 3.37%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, research analysts anticipate that Vocera Communications will post -0.14 earnings per share for the current year.
In other news, General Counsel Douglas Alan Carlen sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $35.16, for a total value of $70,320.00. Following the completion of the transaction, the general counsel now owns 76,517 shares of the company’s stock, valued at $2,690,337.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Paul T. Johnson sold 22,553 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $38.23, for a total transaction of $862,201.19. Following the completion of the transaction, the executive vice president now directly owns 131,280 shares of the company’s stock, valued at approximately $5,018,834.40. The disclosure for this sale can be found here. In the last three months, insiders sold 83,253 shares of company stock valued at $3,274,372. Company insiders own 4.90% of the company’s stock.
Several large investors have recently bought and sold shares of VCRA. Janus Henderson Group PLC purchased a new stake in Vocera Communications in the third quarter valued at approximately $23,805,000. Conestoga Capital Advisors LLC grew its holdings in Vocera Communications by 14.3% in the third quarter. Conestoga Capital Advisors LLC now owns 1,783,535 shares of the communications equipment provider’s stock valued at $65,242,000 after purchasing an additional 223,565 shares during the period. Marshall Wace LLP purchased a new stake in Vocera Communications in the third quarter valued at approximately $8,040,000. Emerald Advisers LLC grew its holdings in Vocera Communications by 34.9% in the fourth quarter. Emerald Advisers LLC now owns 666,614 shares of the communications equipment provider’s stock valued at $26,231,000 after purchasing an additional 172,572 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in Vocera Communications by 34.7% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 616,382 shares of the communications equipment provider’s stock valued at $24,255,000 after purchasing an additional 158,947 shares during the period.
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 could be 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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