After Jefferies and William Blair gave Vocera (NYSE: VCRA) a Buy rating last month, the company received another Buy, this time from Cantor Fitzgerald. Analyst Steven Halper reiterated a Buy rating on Vocera today and set a price target of $37. The company’s shares opened today at $32.09.
Halper commented:
“VCRA providers advanced communication systems to hospitals. More efficient communications among hospital workers help to reduce operating costs and allow hospitals to operate more efficiently. The company offers a compelling return on investment. Its growing footprint of hospitals will allow for more predictable expansion of sales and maintenance and support revenue. We do not believe that recent concerns regarding hospital admissions will have a material impact on longer-term hospital spending, recognizing that short-term trends could be less predictable.”
According to TipRanks.com, Halper is a 5-star analyst with an average return of 16.6% and a 59.4% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Hms Holdings Corp.
Vocera has an analyst consensus of Strong Buy, with a price target consensus of $37.43, implying a 16.6% upside from current levels. In a report issued on February 28, Dougherty also upgraded the stock to Buy with a $39 price target.
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Based on Vocera’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $1.1 million. In comparison, last year the company had a net profit of $2.66 million.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VCRA in relation to earlier this year. Most recently, in January 2019, Sharon O’keefe, a Director at VCRA bought 4,000 shares for a total of $64,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vocera Communications, Inc. engages in the provision of secure, integrated, intelligent communication and workflow solutions. The firm is focused on empowering mobile workers in healthcare, hospitality, energy, and other mission critical mobile work environments in the United States and internationally.
