Schwab Charles Investment Management Inc. boosted its position in shares of Vocera Communications Inc (NYSE:VCRA) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,100 shares of the communications equipment provider’s stock after purchasing an additional 3,832 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.51% of Vocera Communications worth $3,563,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VCRA. Redmile Group LLC purchased a new stake in Vocera Communications during the fourth quarter worth $212,000. Jefferies Group LLC purchased a new stake in Vocera Communications during the fourth quarter worth $228,000. Teacher Retirement System of Texas purchased a new stake in Vocera Communications during the fourth quarter worth $271,000. Trexquant Investment LP purchased a new stake in Vocera Communications during the first quarter worth $375,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Vocera Communications in the fourth quarter valued at $405,000.
Get Vocera Communications alerts:In related news, insider Mary Bridget Duffy sold 16,427 shares of the stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $30.02, for a total transaction of $493,138.54. Following the transaction, the insider now directly owns 60,755 shares in the company, valued at $1,823,865.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brent D. Lang sold 10,000 shares of the stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $25.83, for a total value of $258,300.00. The disclosure for this sale can be found here. Insiders have sold 77,901 shares of company stock worth $2,164,653 over the last quarter. 4.90% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on VCRA shares. Zacks Investment Research upgraded Vocera Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Leerink Swann downgraded Vocera Communications from an “outperform” rating to a “market perform” rating and set a $29.00 price objective on the stock. in a research report on Tuesday, March 13th. They noted that the move was a valuation call. Cantor Fitzgerald restated a “buy” rating and issued a $35.00 price objective on shares of Vocera Communications in a research report on Tuesday, March 27th. Piper Jaffray Companies upped their price objective on Vocera Communications to $33.00 and gave the company an “overweight” rating in a research report on Thursday, June 21st. Finally, ValuEngine upgraded Vocera Communications from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $34.00.
Shares of NYSE:VCRA opened at $30.82 on Friday. Vocera Communications Inc has a 52-week low of $22.43 and a 52-week high of $32.23. The firm has a market capitalization of $943.87 million, a PE ratio of -102.73 and a beta of -0.09.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings data on Thursday, April 26th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Vocera Communications had a negative return on equity of 5.95% and a negative net margin of 7.42%. The business had revenue of $40.20 million for the quarter, compared to the consensus estimate of $39.16 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. sell-side analysts anticipate that Vocera Communications Inc will post -0.22 EPS for the current fiscal year.
Vocera Communications Profile
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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