Insider Selling: Kurt Rogers Unloads 112,500 Shares of Vonage Holdings Corp. Stock (VG)
Vonage Holdings Corp. (NYSE:VG) Insider Kurt Rogers sold 112,500 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $3.42, for a total value of $384,750.00. Following the sale, the insider now directly owns 99,553 shares of the company’s stock, valued at approximately $340,471. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Dougherty & Co initiated coverage on shares of Vonage Holdings Corp. in a research note on Monday, July 7th. They set a “buy” rating and a $6.50 price target on the stock. Six research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $5.78.
Vonage Holdings Corp. (NYSE:VG) traded down 0.30% on Wednesday, hitting $3.37. The stock had a trading volume of 1,210,909 shares. Vonage Holdings Corp. has a 52-week low of $2.99 and a 52-week high of $4.96. The stock’s 50-day moving average is $3.5 and its 200-day moving average is $3.9. The company has a market cap of $704.5 million and a price-to-earnings ratio of 39.76.
Vonage Holdings Corp. (NYSE:VG) last announced its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.03. The company had revenue of $218.90 million for the quarter, compared to the consensus estimate of $220.20 million. During the same quarter last year, the company posted $0.06 earnings per share. Vonage Holdings Corp.’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Vonage Holdings Corp. will post $0.18 earnings per share 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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