Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron sold 514,913 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $10.37, for a total transaction of $5,339,647.81. Following the transaction, the director now directly owns 10,680,286 shares of the company’s stock, valued at $110,754,565.82. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Vonage Holdings Corp. (NYSE VG) opened at $10.96 on Friday. Vonage Holdings Corp. has a 1 year low of $5.74 and a 1 year high of $11.00. The stock has a market cap of $2,426.20, a P/E ratio of 137.02, a P/E/G ratio of 6.24 and a beta of -0.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.63 and a current ratio of 0.64.

Vonage (NYSE:VG) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.07. Vonage had a net margin of 2.14% and a return on equity of 11.47%. The firm had revenue of $253.10 million for the quarter, compared to analyst estimates of $249.02 million. During the same quarter last year, the business earned $0.09 earnings per share. Vonage’s revenue was up 1.9% compared to the same quarter last year. analysts forecast that Vonage Holdings Corp. will post 0.28 EPS for the current year.

A number of brokerages have recently weighed in on VG. Zacks Investment Research reissued a “hold” rating and set a $11.00 price objective on shares of Vonage in a research note on Saturday. Robert W. Baird reissued a “buy” rating and set a $11.00 price objective on shares of Vonage in a research note on Wednesday, January 3rd. Needham & Company LLC raised their price objective on shares of Vonage from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Oppenheimer raised their price objective on shares of Vonage from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, Citigroup reissued a “buy” rating and set a $11.00 price objective on shares of Vonage in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $10.30.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. boosted its position in Vonage by 2.6% during the second quarter. Suntrust Banks Inc. now owns 31,971 shares of the technology company’s stock worth $209,000 after acquiring an additional 807 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Vonage by 5.1% during the second quarter. Oppenheimer & Co. Inc. now owns 32,101 shares of the technology company’s stock worth $210,000 after acquiring an additional 1,571 shares during the last quarter. Amalgamated Bank boosted its position in Vonage by 11.7% during the second quarter. Amalgamated Bank now owns 26,757 shares of the technology company’s stock worth $175,000 after acquiring an additional 2,805 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Vonage by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 153,445 shares of the technology company’s stock worth $1,004,000 after acquiring an additional 6,103 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in Vonage by 9.7% during the second quarter. D.A. Davidson & CO. now owns 75,685 shares of the technology company’s stock worth $494,000 after acquiring an additional 6,710 shares during the last quarter. Hedge funds and other institutional investors own 83.99% of the company’s stock.

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Vonage Company Profile

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.

Insider Buying and Selling by Quarter for Vonage (NYSE:VG)

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