Shares of Vonage Holdings Corp. (NYSE:VG) traded up 3% during mid-day trading on Tuesday . The company traded as high as $5.82 and last traded at $5.79, with a volume of 3,997,290 shares. The stock had previously closed at $5.62.

VG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. William Blair reiterated a “buy” rating on shares of Vonage Holdings Corp. in a report on Sunday, June 26th. Citigroup Inc. reiterated a “buy” rating and set a $8.00 price target on shares of Vonage Holdings Corp. in a report on Thursday, June 30th. FBN Securities reiterated an “outperform” rating on shares of Vonage Holdings Corp. in a report on Tuesday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $6.00 price target on shares of Vonage Holdings Corp. in a report on Tuesday, April 12th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Vonage Holdings Corp. has a consensus rating of “Buy” and a consensus target price of $7.19.

The stock has a market capitalization of $1.25 billion and a P/E ratio of 81.41. The company’s 50-day moving average price is $5.84 and its 200 day moving average price is $5.00.

Vonage Holdings Corp. (NYSE:VG) last posted its earnings results on Tuesday, August 2nd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business earned $234 million during the quarter, compared to analyst estimates of $226.48 million. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Vonage Holdings Corp. will post $0.28 earnings per share for the current fiscal year.

In other Vonage Holdings Corp. news, CEO Alan Masarek bought 126,460 shares of the stock in a transaction that occurred on Friday, May 13th. The shares were purchased at an average cost of $3.91 per share, for a total transaction of $494,458.60. Following the transaction, the chief executive officer now directly owns 145,686 shares in the company, valued at $569,632.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Citron sold 101,640 shares of the firm’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $6.04, for a total value of $613,905.60. Following the completion of the sale, the director now owns 12,644,516 shares in the company, valued at $76,372,876.64. The disclosure for this sale can be found here.

A number of hedge funds have bought and sold shares of VG. 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 in the last quarter. Russell Frank Co boosted its stake in Vonage Holdings Corp. by 19.3% in the fourth quarter. Russell Frank Co now owns 200,921 shares of the company’s stock valued at $1,176,000 after buying an additional 32,568 shares in the last quarter. 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 in the last quarter. Redwood Investments LLC acquired a new stake in Vonage Holdings Corp. during the fourth quarter valued at approximately $1,724,000. Finally, New York State Common Retirement Fund boosted its stake in 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 valued at $1,869,000 after buying an additional 76,102 shares in 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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