Vonage Holdings Corp. (NYSE:VG) shares saw unusually-high trading volume on Tuesday . Approximately 3,139,208 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 2,988,583 shares.The stock last traded at $6.03 and had previously closed at $6.06.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Vonage Holdings Corp. in a research report on Wednesday, June 8th. Citigroup Inc. raised Vonage Holdings Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $4.75 to $8.00 in a research report on Tuesday, June 14th. TheStreet raised Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 14th. Finally, William Blair reissued a “buy” rating on shares of Vonage Holdings Corp. in a research report on Thursday, June 16th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $7.19.

The stock’s 50-day moving average price is $5.87 and its 200-day moving average price is $5.03. The stock has a market capitalization of $1.35 billion and a P/E ratio of 87.89.

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

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

Other institutional investors recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of 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 Public Employees Retirement System increased its position 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 valued at $3,800,000 after buying an additional 100,600 shares during the last quarter. Redwood Investments LLC bought a new position in shares of Vonage Holdings Corp. during the fourth quarter valued at approximately $1,724,000. Finally, Matarin Capital Management LLC bought a new position in shares of Vonage Holdings Corp. during the fourth quarter valued at approximately $2,803,000.

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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