Vonage Holdings Corp. (NYSE:VG)‘s stock had its “buy” rating reiterated by Robert W. Baird in a report issued on Friday. They presently have a $9.00 price objective on the technology company’s stock. Robert W. Baird’s price target would suggest a potential upside of 10.84% from the stock’s current price.

VG has been the topic of a number of other research reports. Northland Securities reiterated a “buy” rating and set a $9.50 price objective on shares of Vonage Holdings Corp. in a research report on Tuesday, September 5th. BidaskClub upgraded shares of Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Citigroup Inc. reiterated a “buy” rating and set a $9.75 price objective on shares of Vonage Holdings Corp. in a research report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, FBN Securities cut shares of Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 price objective on the stock. in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.16.

Vonage Holdings Corp. (VG) traded up 0.50% during trading on Friday, hitting $8.12. 712,776 shares of the company traded hands. Vonage Holdings Corp. has a 52 week low of $5.74 and a 52 week high of $8.69. The company’s 50 day moving average is $8.14 and its 200-day moving average is $7.24. The stock has a market capitalization of $1.85 billion, a PE ratio of 101.50 and a beta of -0.11.

Vonage Holdings Corp. (NYSE:VG) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.06 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.06. Vonage Holdings Corp. had a net margin of 2.00% and a return on equity of 12.40%. The business had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $242.05 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Analysts predict that Vonage Holdings Corp. will post $0.27 earnings per share for the current year.

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In other news, Director Jeffrey A. Citron sold 138,303 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $8.15, for a total transaction of $1,127,169.45. Following the completion of the sale, the director now directly owns 12,676,047 shares of the company’s stock, valued at $103,309,783.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Citron sold 414,913 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $8.11, for a total transaction of $3,364,944.43. Following the sale, the director now directly owns 12,670,751 shares of the company’s stock, valued at $102,759,790.61. The disclosure for this sale can be found here. Insiders have sold 1,581,392 shares of company stock valued at $12,777,047 over the last three months. Insiders own 14.05% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Vonage Holdings Corp. by 29.6% during the first quarter. Fifth Third Bancorp now owns 16,911 shares of the technology company’s stock valued at $107,000 after purchasing an additional 3,863 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Vonage Holdings Corp. during the second quarter valued at $118,000. Quantitative Systematic Strategies LLC boosted its stake in shares of Vonage Holdings Corp. by 19.0% during the second quarter. Quantitative Systematic Strategies LLC now owns 19,671 shares of the technology company’s stock valued at $131,000 after purchasing an additional 3,136 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Vonage Holdings Corp. during the first quarter valued at $126,000. Finally, Eqis Capital Management Inc. boosted its stake in shares of Vonage Holdings Corp. by 4.2% during the second quarter. Eqis Capital Management Inc. now owns 20,043 shares of the technology company’s stock valued at $131,000 after purchasing an additional 813 shares during the period. 79.57% of the stock is owned by hedge funds and other institutional investors.

Vonage Holdings Corp. Company Profile

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.

Analyst Recommendations for Vonage Holdings Corp. (NYSE:VG)

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