Aperio Group LLC Has $403,000 Stake in Vonage Holdings Corp. (VG)
Aperio Group LLC grew its stake in shares of Vonage Holdings Corp. (NYSE:VG) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,616 shares of the technology company’s stock after purchasing an additional 7,332 shares during the quarter. Aperio Group LLC’s holdings in Vonage were worth $403,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Vonage by 20.8% during the third quarter. Wells Fargo & Company MN now owns 474,112 shares of the technology company’s stock valued at $3,859,000 after acquiring an additional 81,710 shares in the last quarter. ING Groep NV bought a new position in shares of Vonage during the third quarter valued at approximately $324,000. Piedmont Investment Advisors LLC bought a new position in shares of Vonage during the third quarter valued at approximately $367,000. Sterling Capital Management LLC raised its holdings in shares of Vonage by 77.0% during the third quarter. Sterling Capital Management LLC now owns 183,935 shares of the technology company’s stock valued at $1,497,000 after acquiring an additional 80,000 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of Vonage during the fourth quarter valued at approximately $671,000. Institutional investors own 84.88% of the company’s stock.
Vonage Holdings Corp. (NYSE:VG) opened at $10.29 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.67 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2,353.02, a price-to-earnings ratio of -64.31, a price-to-earnings-growth ratio of 5.56 and a beta of 0.09. Vonage Holdings Corp. has a twelve month low of $5.74 and a twelve month high of $11.65.
A number of equities analysts recently commented on VG shares. Needham & Company LLC restated a “buy” rating and set a $10.00 target price (up previously from $9.50) on shares of Vonage in a report on Wednesday, November 8th. Citigroup restated a “buy” rating and set a $11.00 target price on shares of Vonage in a report on Wednesday, November 8th. They noted that the move was a valuation call. Craig Hallum restated a “buy” rating and set a $11.00 target price (up previously from $10.00) on shares of Vonage in a report on Tuesday, November 7th. Zacks Investment Research upgraded Vonage from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Saturday, November 11th. Finally, Robert W. Baird restated a “buy” rating and set a $11.00 target price on shares of Vonage in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $10.41.
In other Vonage news, Director Jeffrey A. Citron sold 138,303 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $10.14, for a total value of $1,402,392.42. Following the completion of the transaction, the director now owns 10,676,047 shares in the company, valued at $108,255,116.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alan Masarek sold 487,703 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $10.34, for a total value of $5,042,849.02. Following the completion of the transaction, the chief executive officer now owns 983,423 shares of the company’s stock, valued at approximately $10,168,593.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,959,942 shares of company stock valued at $20,114,569. 14.05% of the stock is owned by corporate insiders.
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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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