Vonage Holdings Corp. (NYSE:VG) – Equities research analysts at Oppenheimer Holdings upped their Q4 2017 earnings estimates for shares of Vonage Holdings Corp. in a research note issued on Thursday. Oppenheimer Holdings analyst T. Horan now expects that the technology company will earn $0.09 per share for the quarter, up from their prior estimate of $0.08. Oppenheimer Holdings also issued estimates for Vonage Holdings Corp.’s FY2018 earnings at $0.31 EPS.

Several other equities research analysts have also recently commented on VG. Zacks Investment Research cut shares of Vonage Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. William Blair reissued an “outperform” rating on shares of Vonage Holdings Corp. in a research note on Wednesday, May 24th. Finally, Dougherty & Co dropped their price target on Vonage Holdings Corp. from $10.50 to $8.50 and set a “buy” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Vonage Holdings Corp. currently has an average rating of “Buy” and an average price target of $8.31.

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Shares of Vonage Holdings Corp. (NYSE:VG) opened at 7.66 on Monday. The stock has a market cap of $1.70 billion, a P/E ratio of 125.57 and a beta of -0.01. Vonage Holdings Corp. has a 52-week low of $5.43 and a 52-week high of $7.88. The company has a 50-day moving average of $6.63 and a 200 day moving average of $6.59.

Vonage Holdings Corp. (NYSE:VG) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Vonage Holdings Corp. had a net margin of 2.00% and a return on equity of 12.40%. The firm had revenue of $252 million during the quarter, compared to the consensus estimate of $242.05 million. During the same quarter in the prior year, the firm earned $0.08 EPS. Vonage Holdings Corp.’s revenue for the quarter was up 7.8% on a year-over-year basis.

In other news, SVP Mcgonigal Graham sold 44,523 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $7.25, for a total transaction of $322,791.75. Following the sale, the senior vice president now owns 145,673 shares in the company, valued at $1,056,129.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Citron sold 414,913 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $6.77, for a total value of $2,808,961.01. Following the sale, the director now owns 12,664,157 shares in the company, valued at approximately $85,736,342.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,069,375 shares of company stock valued at $28,295,719. Corporate insiders own 14.05% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Vonage Holdings Corp. during the first quarter valued at about $105,000. Fifth Third Bancorp raised its position in Vonage Holdings Corp. by 29.6% in the first quarter. Fifth Third Bancorp now owns 16,911 shares of the technology company’s stock valued at $107,000 after buying an additional 3,863 shares during the last quarter. Eqis Capital Management Inc. raised its position in Vonage Holdings Corp. by 19.8% in the first quarter. Eqis Capital Management Inc. now owns 19,230 shares of the technology company’s stock valued at $122,000 after buying an additional 3,176 shares during the last quarter. Karp Capital Management Corp bought a new position in Vonage Holdings Corp. during the first quarter valued at $126,000. Finally, Aperio Group LLC raised its position in Vonage Holdings Corp. by 2.2% in the second quarter. Aperio Group LLC now owns 20,387 shares of the technology company’s stock valued at $133,000 after buying an additional 433 shares during the last quarter. Institutional investors own 76.82% of the company’s stock.

About Vonage Holdings Corp.

Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The Company operates through two segments: Business and Consumer. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration, and mobile applications over its scalable session initiation protocol (SIP) based voice over Internet protocol (VoIP) network.

Earnings History and Estimates for Vonage Holdings Corp. (NYSE:VG)

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