Swiss National Bank increased its stake in Vonage Holdings Corp. (NYSE:VG) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 324,300 shares of the company’s stock after buying an additional 20,900 shares during the period. Swiss National Bank owned about 0.15% of Vonage Holdings Corp. worth $1,978,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. BlackRock Fund Advisors increased its position in Vonage Holdings Corp. by 2.8% in the first quarter. BlackRock Fund Advisors now owns 8,118,854 shares of the company’s stock valued at $37,103,000 after buying an additional 218,425 shares during the period. Emerald Advisers Inc. PA increased its position in Vonage Holdings Corp. by 1.4% in the second quarter. Emerald Advisers Inc. PA now owns 4,850,651 shares of the company’s stock valued at $29,589,000 after buying an additional 65,410 shares during the period. Bank of New York Mellon Corp increased its position in Vonage Holdings Corp. by 7.2% in the second quarter. Bank of New York Mellon Corp now owns 2,460,781 shares of the company’s stock valued at $15,011,000 after buying an additional 165,282 shares during the period. TIAA CREF Investment Management LLC increased its position in Vonage Holdings Corp. by 7.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,834,985 shares of the company’s stock valued at $8,386,000 after buying an additional 133,061 shares during the period. Finally, Panagora Asset Management Inc. increased its position in Vonage Holdings Corp. by 3.2% in the first quarter. Panagora Asset Management Inc. now owns 1,592,615 shares of the company’s stock valued at $7,278,000 after buying an additional 49,805 shares during the period. Institutional investors own 73.59% of the company’s stock.

Vonage Holdings Corp. (NYSE:VG) traded up 3.03% on Wednesday, hitting $6.47. 3,888,602 shares of the stock were exchanged. Vonage Holdings Corp. has a 52 week low of $3.82 and a 52 week high of $7.42. The company has a market cap of $1.40 billion, a PE ratio of 91.13 and a beta of 1.05. The company’s 50-day moving average is $5.97 and its 200-day moving average is $5.20.

Vonage Holdings Corp. (NYSE:VG) last announced its 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. Vonage Holdings Corp. had a return on equity of 17.58% and a net margin of 1.71%. The business earned $234 million during the quarter, compared to analysts’ expectations of $226.48 million. During the same quarter last year, the business posted $0.09 earnings per share. 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 year.

Several research firms have recently issued reports on VG. Dougherty & Co lifted their price target on 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. boosted their target price 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 reissued a “buy” rating on shares of Vonage Holdings Corp. in a research note on Thursday, June 16th. 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. Finally, Needham & Company LLC boosted their target price on shares of Vonage Holdings Corp. from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, June 28th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $7.38.

In related news, 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 transaction, the director now owns 12,644,516 shares of the company’s stock, valued at $76,878,657.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mcgonigal Graham sold 64,248 shares of the firm’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 of the company’s stock, valued at approximately $922,626. The disclosure for this sale can be found here. Corporate insiders own 14.59% of the company’s stock.

Vonage Holdings Corp. Company Profile

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.

5 Day Chart for NYSE:VG

Want to see what other hedge funds are holding VG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vonage Holdings Corp. (NYSE:VG).

Receive News & Ratings for Vonage Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vonage Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.