Vonage Holdings Corp. (NYSE:VG)’s share price fell 2.4% on Tuesday . The stock traded as low as $6.00 and last traded at $6.03, with a volume of 1,971,033 shares traded. The stock had previously closed at $6.18.

Several research firms have recently weighed in on VG. Zacks Investment Research raised shares of Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Dougherty & Co lifted their target price 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, August 3rd. Oppenheimer Holdings Inc. lifted their target price 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, August 3rd. William Blair reaffirmed an “outperform” rating on shares of Vonage Holdings Corp. in a research note on Wednesday, August 3rd. Finally, FBN Securities reaffirmed an “outperform” rating on shares of Vonage Holdings Corp. in a research note on Tuesday, August 2nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $7.14.

The company has a market capitalization of $1.33 billion and a price-to-earnings ratio of 86.62. The firm’s 50 day moving average price is $5.89 and its 200 day moving average price is $5.06.

Vonage Holdings Corp. (NYSE:VG) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. During the same period in the previous year, the company posted $0.09 earnings per share. The business earned $234 million during the quarter, compared to analyst estimates of $226.48 million. Vonage Holdings Corp.’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that Vonage Holdings Corp. will post $0.28 EPS for the current 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 transaction, the insider now directly owns 153,771 shares in the company, valued at approximately $922,626. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Citron sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $6.08, for a total transaction of $6,080,000.00. Following the completion of the transaction, the director now owns 12,644,516 shares in the company, valued at $76,878,657.28. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Matarin Capital Management LLC purchased a new position in Vonage Holdings Corp. during the fourth quarter worth about $2,803,000. Redwood Investments LLC purchased a new position in Vonage Holdings Corp. during the fourth quarter worth about $1,724,000. Finally, Rhumbline Advisers raised its position 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 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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