Vocera Communications (NYSE:VCRA) Hits New 12-Month Low at $28.23

Shares of Vocera Communications Inc (NYSE:VCRA) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $28.23 and last traded at $28.24, with a volume of 3566 shares trading hands. The stock had previously closed at $29.35.

Several equities research analysts recently issued reports on VCRA shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of Prothena in a report on Thursday, May 16th. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Finally, Guggenheim started coverage on Patterson Companies in a report on Wednesday, April 17th. They issued a “neutral” rating and a $23.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.30.

The company has a market capitalization of $934.67 million, a PE ratio of -172.65 and a beta of 0.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.57 and a quick ratio of 4.46. The stock has a 50 day simple moving average of $31.03.

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

In other news, EVP Paul T. Johnson sold 1,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $29.32, for a total transaction of $29,320.00. Following the completion of the transaction, the executive vice president now directly owns 136,999 shares of the company’s stock, valued at approximately $4,016,810.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Brent D. Lang sold 12,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $35.06, for a total value of $420,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 44,057 shares of company stock valued at $1,432,635 over the last three months. 3.20% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC acquired a new stake in shares of Vocera Communications in the 1st quarter valued at about $9,489,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Vocera Communications by 116.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,190 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 640 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Vocera Communications by 13.0% during the 4th quarter. Legal & General Group Plc now owns 5,348 shares of the communications equipment provider’s stock worth $211,000 after buying an additional 616 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Vocera Communications during the 4th quarter worth approximately $278,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Vocera Communications during the 1st quarter worth approximately $228,000.

About Vocera Communications (NYSE:VCRA)

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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