Vocera Communications (NYSE:VCRA)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a note issued to investors on Thursday, The Fly reports. They currently have a $40.00 price target on the communications equipment provider’s stock, up from their prior price target of $37.00. Cantor Fitzgerald’s target price suggests a potential upside of 17.99% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Vocera Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Guggenheim began coverage on shares of Vocera Communications in a report on Wednesday, April 17th. They set a “buy” rating and a $35.00 price objective for the company. Dougherty & Co raised shares of Vocera Communications from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, February 28th. Zacks Investment Research cut shares of Vocera Communications from a “buy” rating to a “hold” rating in a report on Saturday, February 9th. Finally, Chardan Capital cut shares of Vocera Communications from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $46.00 to $33.00 in a report on Monday, February 11th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.30.

NYSE:VCRA opened at $33.90 on Thursday. Vocera Communications has a one year low of $24.27 and a one year high of $42.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.46 and a current ratio of 4.57. The stock has a market cap of $1.07 billion, a P/E ratio of -199.41 and a beta of 0.24.

Vocera Communications (NYSE:VCRA) last issued its earnings results on Thursday, April 25th. The communications equipment provider reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.22. The firm had revenue of $35.30 million for the quarter, compared to the consensus estimate of $34.03 million. Vocera Communications had a negative net margin of 9.52% and a negative return on equity of 7.87%. The business’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Research analysts anticipate that Vocera Communications will post -0.33 EPS for the current fiscal year.

In other news, General Counsel Douglas Alan Carlen sold 1,990 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $30.31, for a total value of $60,316.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brent D. Lang sold 24,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $35.06, for a total transaction of $841,440.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,657 shares of company stock valued at $3,476,912. 3.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Freestone Capital Holdings LLC purchased a new stake in shares of Vocera Communications in the first quarter worth $9,489,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Vocera Communications by 116.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,190 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 640 shares in the last quarter. Group One Trading L.P. purchased a new stake in shares of Vocera Communications in the fourth quarter worth $125,000. Legal & General Group Plc increased its stake in shares of Vocera Communications by 13.0% in the fourth quarter. Legal & General Group Plc now owns 5,348 shares of the communications equipment provider’s stock worth $211,000 after purchasing an additional 616 shares in the last quarter. Finally, Ibex Investors LLC purchased a new stake in shares of Vocera Communications in the fourth quarter worth $223,000.

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 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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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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