.jpg "Vocera (NYSE: VCRA)")
Cantor Fitzgerald analyst Steven Halper reiterated a Buy rating on Vocera (NYSE: VCRA) today and set a price target of $36. The company’s shares opened today at $31.85, close to its 52-week high of $33.17.
Halper observed:
“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 top 25 analyst with an average return of 24.8% and a 76.2% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Hms Holdings Corp.
Currently, the analyst consensus on Vocera is a Strong Buy with an average price target of $36, implying a 13.0% upside from current levels. In a report issued on August 16, Oppenheimer also reiterated a Buy rating on the stock with a $36 price target.
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Based on Vocera’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.55 million. In comparison, last year the company had a GAAP net loss of $7.35 million.
Based on the recent corporate insider activity of 60 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.
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. It operates through Product, and Service segments.
