In a report released today, Steven Halper from Cantor Fitzgerald reiterated a Buy rating on Vocera (VCRA), with a price target of $37. The company’s shares opened today at $31.26.
Halper said:
“VCRA provides 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 should 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 top 100 analyst with an average return of 19.8% and a 65.7% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Evolent Health.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vocera with a $36.60 average price target, implying a 17.1% upside from current levels. In a report issued on February 8, Oppenheimer also maintained a Buy rating on the stock with a $38 price target.
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The company has a one-year high of $42.60 and a one-year low of $22.43. Currently, Vocera has an average volume of 479.3K.
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. Last month, Sharon O’keefe, a Director at VCRA bought 4,000 shares for a total of $64,000.
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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. It operates through Product, and Service segments.
