Vonage Holdings Corp. (NYSE:VG)’s share price traded down 5.4% during mid-day 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 trading hands. The stock had previously closed at $6.26.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. William Blair reiterated a “buy” rating on shares of Vonage Holdings Corp. in a research note on Sunday, June 26th. FBN Securities reiterated an “outperform” rating on shares of Vonage Holdings Corp. in a research note on Tuesday. Citigroup Inc. reiterated a “buy” rating and set a $8.00 price target on shares of Vonage Holdings Corp. in a research note on Thursday, June 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $6.00 price target on shares of Vonage Holdings Corp. in a research note on Tuesday, April 12th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Vonage Holdings Corp. currently has an average rating of “Buy” and an average price target of $7.19.

The company has a 50 day moving average price of $5.82 and a 200-day moving average price of $4.98. The company has a market cap of $1.26 billion and a P/E ratio of 83.028.

Vonage Holdings Corp. (NYSE:VG) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The company earned $234 million during the quarter, compared to the consensus estimate of $226.48 million. Vonage Holdings Corp.’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. Equities analysts expect that Vonage Holdings Corp. will post $0.28 earnings per share for the current fiscal year.

In other Vonage Holdings Corp. news, insider Mcgonigal Graham sold 64,248 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $6.00, for a total value of $385,488.00. Following the sale, the insider now owns 153,771 shares in the company, valued at $922,626. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Citron sold 101,640 shares of the company’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $6.04, for a total transaction of $613,905.60. Following the completion of the sale, the director now owns 12,644,516 shares in the company, valued at approximately $76,372,876.64. The disclosure for this sale can be found here.

A number of large investors have made changes to their positions in VG. Matarin Capital Management LLC acquired a new stake in shares of Vonage Holdings Corp. during the fourth quarter worth $2,803,000. Redwood Investments LLC acquired a new stake in shares of Vonage Holdings Corp. during the fourth quarter worth $1,724,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of 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 worth $5,533,000 after buying an additional 48,364 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Vonage Holdings Corp. by 30.5% in the fourth quarter. New York State Common Retirement Fund now owns 325,529 shares of the company’s stock worth $1,869,000 after buying an additional 76,102 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Vonage Holdings Corp. by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 662,000 shares of the company’s stock worth $3,800,000 after buying an additional 100,600 shares during the period.

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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