Insider Selling: Vonage Holdings Corp. SVP Unloads 14,713 Shares of Stock (VG)
Vonage Holdings Corp. (NYSE:VG) SVP Michael Tempora unloaded 14,713 shares of Vonage Holdings Corp. stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $3.13, for a total value of $46,051.69. Following the completion of the transaction, the senior vice president now directly owns 24,639 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Sidoti initiated coverage on shares of Vonage Holdings Corp. (NYSE:VG) in a research note to investors on Tuesday, August 13th. They set a “buy” rating on the stock.
Shares of Vonage Holdings Corp. (NYSE:VG) traded down 0.33% on Wednesday, hitting $3.04. The stock had a trading volume of 1,335,733 shares. Vonage Holdings Corp. has a 52 week low of $2.07 and a 52 week high of $3.46. The stock’s 50-day moving average is $3.17 and its 200-day moving average is $2.95. The company has a market cap of $639.0 million and a price-to-earnings ratio of 15.17.
Vonage Holdings Corp. (NYSE:VG) last announced its earnings results on Wednesday, July 31st. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.02. The company had revenue of $205.00 million for the quarter, compared to the consensus estimate of $211.92 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts predict that Vonage Holdings Corp. will post $0.22 earnings per share for the current fiscal year.
Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.
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