Vonage Holdings Corp. Director Sells $1,396,000 in Stock (VG)
Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron unloaded 400,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $3.49, for a total transaction of $1,396,000.00. Following the completion of the transaction, the director now directly owns 14,770,745 shares of the company’s stock, valued at approximately $51,549,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Vonage Holdings Corp. (NYSE:VG) traded down 0.57% during mid-day trading on Thursday, hitting $3.48. 972,447 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 $3.43 and its 200-day moving average is $3.83. The company has a market cap of $727.5 million and a P/E ratio of 41.18.
Vonage Holdings Corp. (NYSE:VG) last issued its quarterly earnings data 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. On average, analysts predict that Vonage Holdings Corp. will post $0.17 earnings per share 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 investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $5.78.
Vonage Holdings Corp. (NYSE:VG) is a provider of communications services connecting people through broadband devices worldwide.
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