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Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron sold 400,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $3.56, for a total value of $1,424,000.00. Following the transaction, the director now directly owns 15,959,276 shares in the company, valued at approximately $56,815,023. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Vonage Holdings Corp. (NYSE:VG) traded down 2.28% during mid-day trading on Wednesday, hitting $3.43. The stock had a trading volume of 1,992,556 shares. Vonage Holdings Corp. has a 1-year low of $2.66 and a 1-year high of $4.96. The stock’s 50-day moving average is $3.77 and its 200-day moving average is $3.90. The company has a market cap of $725.9 million and a price-to-earnings ratio of 39.44.

Vonage Holdings Corp. (NYSE:VG) last released its earnings data on Thursday, May 1st. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.03. The company had revenue of $221.00 million for the quarter, compared to the consensus estimate of $219.60 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Vonage Holdings Corp. will post $0.15 earnings per share for the current fiscal year.

Separately, analysts at Northland Securities reiterated a “buy” rating on shares of Vonage Holdings Corp. in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $5.64.

Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.

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