Insider Selling: Vonage Holdings Corp. Director Sells 133,000 Shares of Stock (VG)
Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron sold 133,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $3.25, for a total value of $432,250.00. Following the completion of the transaction, the director now directly owns 14,770,745 shares of the company’s stock, valued at approximately $48,004,921. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vonage Holdings Corp. (NYSE:VG) remained flat at $3.22 during trading on Wednesday. 788,396 shares of the company’s stock traded hands. 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 $3.52 and its 200-day moving average is $3.90. The company has a market cap of $673.1 million and a P/E ratio of 37.88.
Vonage Holdings Corp. (NYSE:VG) last posted its quarterly 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. Analysts expect that Vonage Holdings Corp. will post $0.17 EPS for the current fiscal year.
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. Five analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $5.78.
Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.
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