Insider Selling: Vonage Holdings Corp. Director Unloads 400,000 Shares of Stock (VG)
Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron unloaded 400,000 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $4.13, for a total transaction of $1,652,000.00. Following the completion of the sale, the director now directly owns 21,525,607 shares in the company, valued at approximately $88,900,757. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on VG. Analysts at Craig Hallum initiated coverage on shares of Vonage Holdings Corp. in a research note to investors on Wednesday. They set a “buy” rating and a $7.00 price target on the stock. Analysts at National Alliance Securities initiated coverage on shares of Vonage Holdings Corp. in a research note to investors on Friday, November 15th. They set a “buy” rating and a $4.10 price target on the stock.
Shares of Vonage Holdings Corp. (NYSE:VG) traded down 2.21% on Thursday, hitting $4.42. 3,263,547 shares of the company’s stock traded hands. Vonage Holdings Corp. has a one year low of $2.41 and a one year high of $4.84. The stock has a 50-day moving average of $3.41 and a 200-day moving average of $3.3. The company has a market cap of $911.4 million and a P/E ratio of 26.43.
Vonage Holdings Corp. (NYSE:VG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.04. The company had revenue of $204.00 million for the quarter, compared to the consensus estimate of $213.81 million. During the same quarter last year, the company posted $0.09 earnings per share. Vonage Holdings Corp.’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that Vonage Holdings Corp. will post $0.19 EPS 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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