Vonage (NYSE:VG)‘s stock had its “buy” rating restated by analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday. They presently have a $11.00 price target on the technology company’s stock. Robert W. Baird’s price target would suggest a potential upside of 8.70% from the company’s current price.

Other research analysts have also issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target (up previously from $9.50) on shares of Vonage in a research report on Wednesday, November 8th. Citigroup reiterated a “buy” rating and set a $11.00 price target on shares of Vonage in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Craig Hallum reiterated a “buy” rating and set a $11.00 price target (up previously from $10.00) on shares of Vonage in a research report on Tuesday, November 7th. Northland Securities reiterated a “buy” rating and set a $9.50 price target on shares of Vonage in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Vonage from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research report on Saturday, November 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $10.16.

Vonage (NYSE:VG) traded down $0.05 during mid-day trading on Wednesday, reaching $10.12. The company’s stock had a trading volume of 1,501,300 shares, compared to its average volume of 1,312,700. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. Vonage has a 52 week low of $5.74 and a 52 week high of $10.56. The stock has a market cap of $2,320.00, a P/E ratio of 112.44, a PEG ratio of 5.98 and a beta of -0.05.

Vonage (NYSE:VG) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. The business had revenue of $253.10 million during the quarter, compared to the consensus estimate of $249.02 million. Vonage had a return on equity of 11.47% and a net margin of 2.14%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. equities research analysts anticipate that Vonage will post 0.28 EPS for the current fiscal year.

In other news, Director Jeffrey A. Citron sold 138,303 shares of Vonage stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $8.15, for a total value 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 approximately $103,309,783.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward M. Gilvar sold 17,778 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $9.76, for a total value of $173,513.28. Following the completion of the transaction, the insider now owns 29,199 shares in the company, valued at $284,982.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,677,429 shares of company stock valued at $15,273,575 over the last ninety days. Insiders own 14.05% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. boosted its position in shares of Vonage by 0.3% in the 1st quarter. Thompson Davis & CO. Inc. now owns 41,750 shares of the technology company’s stock worth $264,000 after purchasing an additional 125 shares during the last quarter. Aperio Group LLC lifted its holdings in Vonage by 2.2% during the second quarter. Aperio Group LLC now owns 20,387 shares of the technology company’s stock worth $133,000 after acquiring an additional 433 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in Vonage by 2.4% during the first quarter. Suntrust Banks Inc. now owns 31,164 shares of the technology company’s stock worth $196,000 after acquiring an additional 718 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Vonage by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 54,728 shares of the technology company’s stock worth $334,000 after acquiring an additional 776 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in Vonage by 4.2% during the second quarter. Eqis Capital Management Inc. now owns 20,043 shares of the technology company’s stock worth $131,000 after acquiring an additional 813 shares in the last quarter. Institutional investors and hedge funds own 83.99% of the company’s stock.

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Vonage 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 (NYSE:VG)

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