Leerink Swann Reaffirms Outperform Rating for Vocera Communications, Inc. (VCRA)

Vocera Communications, Inc. (NYSE:VCRA)‘s stock had its “outperform” rating reiterated by Leerink Swann in a research report issued to clients and investors on Tuesday. They currently have a $34.00 price objective on the communications equipment provider’s stock, up from their prior price objective of $31.00. Leerink Swann’s target price suggests a potential upside of 20.65% from the stock’s current price.

Several other equities research analysts also recently issued reports on VCRA. Zacks Investment Research upgraded Vocera Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. ValuEngine upgraded Vocera Communications from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Cantor Fitzgerald restated a “buy” rating and set a $30.00 target price on shares of Vocera Communications in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Vocera Communications has a consensus rating of “Buy” and an average price target of $29.17.

Shares of Vocera Communications (NYSE:VCRA) traded up 1.81% during trading on Tuesday, reaching $28.69. The company’s stock had a trading volume of 227,436 shares. The stock’s market cap is $834.99 million. Vocera Communications has a 52-week low of $16.10 and a 52-week high of $28.78. The stock has a 50-day moving average of $27.37 and a 200-day moving average of $25.51.

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

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In related news, EVP Paul T. Johnson sold 4,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $24.97, for a total value of $99,880.00. Following the sale, the executive vice president now owns 170,134 shares in the company, valued at $4,248,245.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Zollars sold 62,000 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $25.41, for a total value of $1,575,420.00. Following the completion of the sale, the director now owns 42,748 shares in the company, valued at approximately $1,086,226.68. The disclosure for this sale can be found here. Insiders sold 239,527 shares of company stock worth $6,233,635 in the last quarter. 6.30% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. purchased a new stake in shares of Vocera Communications in the second quarter worth $132,000. US Bancorp DE raised its position in shares of Vocera Communications by 41.9% in the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock worth $138,000 after buying an additional 1,538 shares in the last quarter. Sei Investments Co. raised its position in shares of Vocera Communications by 12.9% in the first quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock worth $143,000 after buying an additional 658 shares in the last quarter. Legal & General Group Plc raised its position in shares of Vocera Communications by 11.2% in the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after buying an additional 671 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Vocera Communications in the second quarter worth $207,000.

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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