Insider Selling: Jeffrey Citron Sells 300,000 Shares of Vonage Holdings Corp. Stock (VG)
Vonage Holdings Corp. (NYSE:VG) Director Jeffrey Citron sold 300,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $3.10, for a total value of $930,000.00. Following the sale, the director now directly owns 23,112,658 shares in the company, valued at approximately $71,649,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vonage Holdings Corp. (NYSE:VG) traded down 0.33% on Wednesday, hitting $3.05. 708,036 shares of the company’s stock traded hands. Vonage Holdings Corp. has a 52 week low of $2.12 and a 52 week high of $3.46. The stock has a 50-day moving average of $3.12 and a 200-day moving average of $2.99. The company has a market cap of $641.1 million and a P/E ratio of 15.22.
Vonage Holdings Corp. (NYSE:VG) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Vonage Holdings Corp. will post $0.22 EPS for the current fiscal year.
Separately, analysts at Sidoti initiated coverage on shares of Vonage Holdings Corp. in a research note to investors on Tuesday, August 13th. They set a “buy” rating on the stock.
Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.
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