Somewhat Positive News Coverage Somewhat Unlikely to Affect Vonage Holdings Corp. (VG) Share Price
News headlines about Vonage Holdings Corp. (NYSE:VG) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Vonage Holdings Corp. earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.187592370666 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Vonage Holdings Corp. (VG) Director Sells $3,315,154.87 in Stock (americanbankingnews.com)
- First Week Of November 17th Options Trading For Vonage Holdings (VG) (thestreet.com)
- Vonage : Names Bob Crissman Channel Chief (4-traders.com)
- Vonage Names Bob Crissman Channel Chief (finance.yahoo.com)
- FY2018 EPS Estimates for Vonage Holdings Corp. Cut by Oppenheimer Holdings (VG) (americanbankingnews.com)
Several research firms have recently commented on VG. Citigroup Inc. reissued a “buy” rating and set a $9.75 target price on shares of Vonage Holdings Corp. in a research report on Wednesday, September 13th. Northland Securities reissued a “buy” rating and set a $9.50 target price on shares of Vonage Holdings Corp. in a research report on Tuesday, September 5th. Robert W. Baird reissued a “buy” rating and set a $9.00 target price on shares of Vonage Holdings Corp. in a research report on Friday, September 1st. FBN Securities downgraded shares of Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 target price for the company. in a research report on Thursday, August 10th. Finally, BidaskClub raised shares of Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $8.89.
Shares of Vonage Holdings Corp. (NYSE VG) traded down 0.50% during midday trading on Friday, reaching $7.95. 1,892,733 shares of the company’s stock were exchanged. Vonage Holdings Corp. has a 12-month low of $5.74 and a 12-month high of $8.50. The stock has a market capitalization of $1.81 billion, a P/E ratio of 99.38 and a beta of -0.09. The firm has a 50-day moving average of $7.98 and a 200-day moving average of $6.92.
Vonage Holdings Corp. (NYSE:VG) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $252.00 million during the quarter, compared to analyst estimates of $242.05 million. Vonage Holdings Corp. had a net margin of 2.00% and a return on equity of 12.40%. Vonage Holdings Corp.’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. Analysts anticipate that Vonage Holdings Corp. will post $0.26 EPS for the current fiscal year.
In other Vonage Holdings Corp. news, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $8.11, for a total transaction of $3,364,944.43. Following the completion of the sale, the director now directly owns 12,670,751 shares in the company, valued at approximately $102,759,790.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David T. Pearson sold 198,350 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $8.07, for a total transaction of $1,600,684.50. Following the sale, the chief financial officer now owns 216,119 shares of the company’s stock, valued at $1,744,080.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,028,176 shares of company stock valued at $8,280,784. 14.05% of the stock is owned by company insiders.
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About Vonage Holdings Corp.
Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The Company operates through two segments: Business and Consumer. 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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