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Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron unloaded 400,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $3.22, for a total value of $1,288,000.00. Following the sale, the director now directly owns 14,770,745 shares of the company’s stock, valued at approximately $47,561,799. The sale was disclosed in a filing with the Securities & Exchange Commission, 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. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $5.78.

Shares of Vonage Holdings Corp. (NYSE:VG) opened at 3.24 on Friday. Vonage Holdings Corp. has a one year low of $2.99 and a one year high of $4.96. The stock’s 50-day moving average is $3.50 and its 200-day moving average is $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 issued its quarterly earnings data 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.

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

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