Vonage Holdings Corp. Coverage Initiated at Dougherty & Co (VG)
Analysts at Dougherty & Co began coverage on shares of Vonage Holdings Corp. (NYSE:VG) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
In other Vonage Holdings Corp. news, Director Jeffrey A. Citron sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $4.13, for a total value of $1,652,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Vonage Holdings Corp. (NYSE:VG) opened at 4.63 on Monday. Vonage Holdings Corp. has a 52 week low of $2.41 and a 52 week high of $4.94. The stock’s 50-day moving average is $3.64 and its 200-day moving average is $3.37. The company has a market cap of $954.7 million and a price-to-earnings ratio of 26.96.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities initiated coverage on shares of Vonage Holdings Corp. in a research note to investors on Thursday. They set an “outperform” rating and a $5.50 price target on the stock. Separately, analysts at Northland Capital Partners reiterated an “outperform” rating on shares of Vonage Holdings Corp. in a research note to investors on Thursday. They now have a $5.50 price target on the stock. Finally, analysts at Zacks downgraded shares of Vonage Holdings Corp. to a “neutral” rating in a research note to investors on Friday, January 24th. They now have a $4.60 price target on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $5.34.
Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.
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