Vonage Holdings Corp. (NYSE:VG) was down 2.3% during trading on Thursday . The stock traded as low as $5.60 and last traded at $5.60, with a volume of 945,982 shares traded. The stock had previously closed at $5.73.

Several equities research analysts have commented on VG shares. Zacks Investment Research upgraded Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Vonage Holdings Corp. in a research note on Wednesday, June 8th. Citigroup Inc. upgraded Vonage Holdings Corp. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $4.75 to $8.00 in a research note on Tuesday, June 14th. TheStreet upgraded Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 14th. Finally, William Blair restated a “buy” rating on shares of Vonage Holdings Corp. in a research note on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $7.19.

The firm’s 50 day moving average price is $5.85 and its 200 day moving average price is $5.02. The firm has a market capitalization of $1.21 billion and a PE ratio of 79.01.

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

In related news, insider Mcgonigal Graham sold 150,994 shares of Vonage Holdings Corp. stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $5.29, for a total transaction of $798,758.26. Following the completion of the sale, the insider now owns 152,023 shares of the company’s stock, valued at $804,201.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Citron sold 101,640 shares of Vonage Holdings Corp. stock in a transaction 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 sale, the director now directly owns 12,644,516 shares of the company’s stock, valued at approximately $76,372,876.64. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in VG. Matarin Capital Management LLC purchased a new stake in Vonage Holdings Corp. during the fourth quarter worth about $2,803,000. Redwood Investments LLC purchased a new stake in Vonage Holdings Corp. during the fourth quarter worth about $1,724,000. California Public Employees Retirement System boosted its stake in 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 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 worth $1,477,000 after buying an additional 9,325 shares during the last quarter. Finally, 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 worth $1,128,000 after buying an additional 2,770 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.