Vonage Holdings Corp. SVP Sells $403,200 in Stock (VG)
Vonage Holdings Corp. (NYSE:VG) SVP Kimberly O’loughlin sold 90,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.48, for a total transaction of $403,200.00. Following the transaction, the senior vice president now directly owns 41,673 shares in the company, valued at approximately $186,695. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Vonage Holdings Corp. (NYSE:VG) traded down 0.44% on Friday, hitting $4.54. The stock had a trading volume of 2,314,883 shares. Vonage Holdings Corp. has a 52 week low of $2.55 and a 52 week high of $4.94. The stock has a 50-day moving average of $4.13 and a 200-day moving average of $3.49. The company has a market cap of $953.1 million and a P/E ratio of 35.08.
Vonage Holdings Corp. (NYSE:VG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.98 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Vonage Holdings Corp. will post $0.12 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on VG shares. Analysts at Jefferson Research upgraded shares of Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Friday. Separately, analysts at Dougherty & Co initiated coverage on shares of Vonage Holdings Corp. in a research note on Monday, February 3rd. They set a “buy” rating and a $7.00 price target on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Vonage Holdings Corp. in a research note on Thursday, January 30th. They set an “outperform” rating and a $5.50 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $5.62.
Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.
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