Insider Selling: Jeffrey A. Citron Sells 500,000 Shares of Vonage Holdings Corp. Stock (VG)
Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron unloaded 500,000 shares of the stock on the open market in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $3.91, for a total transaction of $1,955,000.00. Following the sale, the director now directly owns 16,359,276 shares of the company’s stock, valued at approximately $63,964,769. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on VG. Analysts at Northland Securities reiterated a “buy” rating on shares of Vonage Holdings Corp. in a research note on Tuesday, April 8th. 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $5.64.
Vonage Holdings Corp. (NYSE:VG) traded down 1.02% on Wednesday, hitting $3.90. 1,411,631 shares of the company’s stock traded hands. Vonage Holdings Corp. has a one year low of $2.65 and a one year high of $4.96. The stock has a 50-day moving average of $4.24 and a 200-day moving average of $3.84. The company has a market cap of $824.9 million and a P/E ratio of 30.31.
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. Analysts expect that Vonage Holdings Corp. will post $0.14 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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