Insider Selling: Jeffrey A. Citron Sells 133,000 Shares of Vonage Holdings Corp. 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 transaction, the director now directly owns 14,770,745 shares in the company, valued at approximately $48,004,921. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Vonage Holdings Corp. (NYSE:VG) opened at 3.24 on Friday. Vonage Holdings Corp. has a 1-year low of $2.99 and a 1-year high of $4.96. The stock has a 50-day moving average of $3.50 and a 200-day moving average of $3.90. The company has a market cap of $677.3 million and a price-to-earnings ratio of 38.12.
Vonage Holdings Corp. (NYSE:VG) last announced its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. 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 equities research analysts have rated the stock with a buy rating, The company currently 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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