Vonage Holdings Corp. Receives Average Rating of “Buy” from Analysts (NYSE:VG)
Vonage Holdings Corp. (NYSE:VG) has earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, Analyst Ratings.Net reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.62.
In other Vonage Holdings Corp. news, CMO Barbara Goodstein sold 100,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $4.55, for a total transaction of $455,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Vonage Holdings Corp. (NYSE:VG) opened at 4.59 on Tuesday. Vonage Holdings Corp. has a 52 week low of $2.55 and a 52 week high of $4.94. The stock’s 50-day moving average is $4.17 and its 200-day moving average is $3.50. The company has a market cap of $970.9 million and a price-to-earnings ratio of 35.31.
Vonage Holdings Corp. (NYSE:VG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.10 earnings per share. Vonage Holdings Corp.’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Vonage Holdings Corp. will post $0.14 earnings per share for the current fiscal year.
A number of research firms have recently commented on VG. 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.
Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.
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