Vonage Holdings Corp. (NYSE:VG)’s share price fell 5.4% during trading on Wednesday . The company traded as low as $5.88 and last traded at $5.92, with a volume of 3,210,984 shares. The stock had previously closed at $6.26.

A number of research firms have commented on VG. William Blair reissued a “buy” rating on shares of Vonage Holdings Corp. in a research note on Sunday, June 26th. Oppenheimer Holdings Inc. boosted their price target on shares of Vonage Holdings Corp. from $6.50 to $7.00 and gave the stock an “outperform” rating in a research note on Wednesday. Dougherty & Co boosted their price target on shares of Vonage Holdings Corp. from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC began coverage on shares of Vonage Holdings Corp. in a research note on Wednesday, April 6th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Zacks Investment Research cut shares of Vonage Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $7.19.

The stock has a market capitalization of $1.30 billion and a price-to-earnings ratio of 56.48. The firm’s 50 day moving average is $5.78 and its 200 day moving average is $4.97.

Vonage Holdings Corp. (NYSE:VG) last released its earnings results on Tuesday, August 2nd. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $234 million for the quarter, compared to the consensus estimate of $226.48 million. During the same quarter in the previous year, the business posted $0.09 EPS. Vonage Holdings Corp.’s revenue was up 5.3% on a year-over-year basis. Equities analysts expect that Vonage Holdings Corp. will post $0.30 earnings per share for the current fiscal year.

In other news, insider Mcgonigal Graham sold 150,994 shares of Vonage Holdings Corp. stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $5.29, for a total transaction of $798,758.26. Following the sale, the insider now owns 152,023 shares in the company, valued at $804,201.67. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Alan Masarek acquired 126,460 shares of Vonage Holdings Corp. stock in a transaction dated Friday, May 13th. The shares were bought at an average price of $3.91 per share, for a total transaction of $494,458.60. Following the transaction, the chief executive officer now owns 145,686 shares of the company’s stock, valued at $569,632.26. The disclosure for this purchase can be found here.

Several large investors recently added to or reduced their stakes in VG. Rhumbline Advisers boosted its stake in Vonage Holdings Corp. by 3.8% in the fourth quarter. Rhumbline Advisers now owns 257,394 shares of the company’s stock valued at $1,477,000 after buying an additional 9,325 shares during the last quarter. California State Teachers Retirement System boosted its stake in Vonage Holdings Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 344,094 shares of the company’s stock valued at $1,975,000 after buying an additional 5,519 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Vonage Holdings Corp. by 1.4% in the fourth quarter. Nationwide Fund Advisors now owns 196,521 shares of the company’s stock valued at $1,128,000 after buying an additional 2,770 shares during the last quarter. Redwood Investments LLC bought a new stake in Vonage Holdings Corp. during the fourth quarter valued at about $1,724,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Vonage Holdings Corp. by 5.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 963,864 shares of the company’s stock valued at $5,533,000 after buying an additional 48,364 shares during the last quarter.

Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and business communication solutions across multiple devices. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration and mobile applications over its scalable session initiation protocol (SIP)-based voice over Internet protocol (VoIP) network.

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