Vonage Holdings Corp. (NYSE:VG) traded down 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 changing hands. The stock had previously closed at $6.18.

Several equities research analysts have weighed in on the stock. 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 price target on shares of Vonage Holdings Corp. from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Oppenheimer Holdings Inc. lifted their price target on shares of Vonage Holdings Corp. from $6.50 to $7.00 and gave the company 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $7.14.

The stock has a market capitalization of $1.29 billion and a price-to-earnings ratio of 84.08. The stock has a 50 day moving average price of $5.90 and a 200 day moving average price of $5.07.

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

In other news, Director Jeffrey A. Citron sold 101,640 shares of the firm’s stock in a transaction dated 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 directly owns 12,644,516 shares of the company’s stock, valued at approximately $76,372,876.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Citron sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $6.08, for a total transaction of $6,080,000.00. Following the completion of the sale, the director now directly owns 12,644,516 shares of the company’s stock, valued at $76,878,657.28. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in Vonage Holdings Corp. stock. Matarin Capital Management LLC bought a new stake in Vonage Holdings Corp. (NYSE:VG) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 488,408 shares of the company’s stock, valued at approximately $2,803,000. Matarin Capital Management LLC owned 0.23% of Vonage Holdings Corp. as of its most recent SEC filing.

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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