Redmile Group LLC acquired a new position in Vocera Communications Inc (NYSE:VCRA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,000 shares of the communications equipment provider’s stock, valued at approximately $212,000.
A number of other hedge funds have also bought and sold shares of VCRA. California Public Employees Retirement System purchased a new position in Vocera Communications in the second quarter worth $486,000. State Street Corp lifted its position in shares of Vocera Communications by 7.7% during the 2nd quarter. State Street Corp now owns 492,261 shares of the communications equipment provider’s stock valued at $13,006,000 after buying an additional 35,141 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Vocera Communications by 14.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,255 shares of the communications equipment provider’s stock valued at $587,000 after buying an additional 2,892 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Vocera Communications by 1.8% during the 2nd quarter. California State Teachers Retirement System now owns 49,585 shares of the communications equipment provider’s stock valued at $1,310,000 after buying an additional 900 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of Vocera Communications by 2.0% during the 3rd quarter. Nationwide Fund Advisors now owns 185,180 shares of the communications equipment provider’s stock valued at $5,809,000 after buying an additional 3,578 shares during the last quarter.
Shares of Vocera Communications stock opened at $24.00 on Monday. Vocera Communications Inc has a one year low of $22.26 and a one year high of $32.23. The stock has a market capitalization of $701.21, a price-to-earnings ratio of -47.06 and a beta of -0.40.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.14. Vocera Communications had a negative return on equity of 8.11% and a negative net margin of 8.75%. The company had revenue of $45.50 million for the quarter, compared to analyst estimates of $43.72 million. Vocera Communications’s revenue was up 26.4% on a year-over-year basis. equities analysts expect that Vocera Communications Inc will post -0.24 EPS for the current year.
In related news, EVP Paul T. Johnson sold 18,553 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $30.00, for a total transaction of $556,590.00. Following the sale, the executive vice president now directly owns 151,989 shares in the company, valued at approximately $4,559,670. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sharon O’keefe sold 2,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the director now owns 42,127 shares in the company, valued at $1,271,392.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,205 shares of company stock worth $2,631,039. 6.30% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on the company. Chardan Capital reaffirmed a “buy” rating and set a $35.00 price target (down previously from $37.00) on shares of Vocera Communications in a research report on Monday, February 12th. Zacks Investment Research cut Vocera Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Craig Hallum reaffirmed a “buy” rating and set a $36.00 price target on shares of Vocera Communications in a research report on Monday, November 27th. Citigroup assumed coverage on Vocera Communications in a research report on Thursday, January 4th. They set a “buy” rating on the stock. Finally, Leerink Swann cut Vocera Communications from an “outperform” rating to a “market perform” rating and set a $29.00 price target on the stock. in a research report on Tuesday, March 13th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $32.78.
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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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