ValuEngine Downgrades Vocera Communications (NYSE:VCRA) to Hold

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Vocera Communications (NYSE:VCRA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

VCRA has been the topic of a number of other reports. Dougherty & Co reissued a “buy” rating and set a $37.00 target price (down from $38.00) on shares of Vocera Communications in a report on Friday, July 26th. Piper Jaffray Companies set a $34.00 target price on shares of Vocera Communications and gave the stock an “overweight” rating in a report on Friday, July 26th. William Blair reissued a “buy” rating on shares of Vocera Communications in a report on Friday, July 26th. Citigroup set a $28.00 target price on shares of Vocera Communications and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Oppenheimer set a $36.00 target price on shares of Vocera Communications and gave the stock a “buy” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.00.

VCRA stock traded down $0.79 during trading on Tuesday, reaching $24.28. 445,907 shares of the company were exchanged, compared to its average volume of 451,167. The business’s 50-day moving average is $28.47. The company has a market capitalization of $783.06 million, a P/E ratio of -142.82 and a beta of 0.18. Vocera Communications has a twelve month low of $24.21 and a twelve month high of $42.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.45 and a quick ratio of 4.36.

Vocera Communications (NYSE:VCRA) last released its quarterly earnings data on Thursday, July 25th. The communications equipment provider reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.06. The business had revenue of $44.80 million during the quarter, compared to analysts’ expectations of $43.38 million. Vocera Communications had a negative net margin of 10.15% and a negative return on equity of 8.62%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. As a group, research analysts forecast that Vocera Communications will post -0.35 earnings per share for the current fiscal year.

In related news, insider Mary Bridget Duffy sold 16,225 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $30.45, for a total transaction of $494,051.25. Following the transaction, the insider now directly owns 49,560 shares of the company’s stock, valued at $1,509,102. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul T. Johnson sold 1,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $29.32, for a total transaction of $29,320.00. Following the transaction, the executive vice president now directly owns 136,999 shares in the company, valued at $4,016,810.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,435 shares of company stock worth $814,976. Insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of VCRA. Conestoga Capital Advisors LLC boosted its stake in Vocera Communications by 31.0% during the second quarter. Conestoga Capital Advisors LLC now owns 2,351,367 shares of the communications equipment provider’s stock worth $75,056,000 after acquiring an additional 555,964 shares in the last quarter. FMR LLC raised its holdings in Vocera Communications by 1,557,172.7% during the first quarter. FMR LLC now owns 513,900 shares of the communications equipment provider’s stock worth $16,255,000 after buying an additional 513,867 shares during the last quarter. Elk Creek Partners LLC purchased a new stake in shares of Vocera Communications in the first quarter valued at about $11,371,000. Wells Fargo & Company MN raised its holdings in shares of Vocera Communications by 50.5% in the second quarter. Wells Fargo & Company MN now owns 1,021,966 shares of the communications equipment provider’s stock valued at $32,621,000 after purchasing an additional 343,023 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Vocera Communications in the fourth quarter valued at about $13,129,000.

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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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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