Insider Selling: Vonage Holdings Corp. Director Sells 5,000 Shares of Stock (VG)
Vonage Holdings Corp. (NYSE:VG) Director Morton David unloaded 5,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $3.18, for a total transaction of $15,900.00. Following the completion of the sale, the director now directly owns 347,230 shares of the company’s stock, valued at approximately $1,104,191. The transaction was disclosed in a document filed with the SEC, 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.
Vonage Holdings Corp. (NYSE:VG) remained flat at $3.21 during trading on Friday. 630,386 shares of the company’s stock traded hands. Vonage Holdings Corp. has a 1-year low of $2.12 and a 1-year high of $3.46. The stock has a 50-day moving average of $3.1 and a 200-day moving average of $2.98. The company has a market cap of $674.7 million and a price-to-earnings ratio of 15.97.
Vonage Holdings Corp. (NYSE:VG) last released its earnings data on Wednesday, July 31st. The company reported $0.06 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.09 earnings per share. Vonage Holdings Corp.’s revenue was down 3.3% compared to the same quarter last year.
Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.
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