Vocera Communications (VCRA) PT Lowered to $31.00 at Leerink Swann
Vocera Communications (NYSE:VCRA) had its target price lowered by analysts at Leerink Swann from $34.00 to $31.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the communications equipment provider’s stock. Leerink Swann’s price objective suggests a potential upside of 20.16% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on VCRA. Chardan Capital assumed coverage on Vocera Communications in a research note on Tuesday, January 30th. They issued a “buy” rating and a $37.00 price target for the company. BidaskClub upgraded Vocera Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Citigroup assumed coverage on Vocera Communications in a research note on Thursday, January 4th. They issued a “buy” rating for the company. Craig Hallum reiterated a “buy” rating and issued a $36.00 price target on shares of Vocera Communications in a research note on Monday, November 27th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $35.00 price target on shares of Vocera Communications in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.22.
Shares of Vocera Communications (NYSE:VCRA) opened at $25.80 on Friday. Vocera Communications has a 12-month low of $19.48 and a 12-month high of $32.23. The firm has a market capitalization of $722.43, a PE ratio of -50.59 and a beta of -0.49.
In other news, Director Sharon O’keefe sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the transaction, the director now directly owns 42,127 shares in the company, valued at $1,271,392.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul T. Johnson sold 18,553 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $30.00, for a total value of $556,590.00. Following the completion of the transaction, the executive vice president now owns 151,989 shares of the company’s stock, valued at $4,559,670. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,922 shares of company stock valued at $2,276,087. 6.30% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Legal & General Group Plc raised its stake 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 purchasing an additional 671 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Vocera Communications by 41.0% in the third quarter. Envestnet Asset Management Inc. now owns 7,678 shares of the communications equipment provider’s stock worth $241,000 after purchasing an additional 2,231 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Vocera Communications in the second quarter worth about $215,000. Comerica Bank purchased a new position in shares of Vocera Communications in the third quarter worth about $239,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Vocera Communications in the fourth quarter worth about $271,000.
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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.
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