Karp Capital Management Corp bought a new stake in Vonage Holdings Corp. (NYSE:VG) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 19,954 shares of the technology company’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC bought a new position in Vonage Holdings Corp. during the first quarter valued at about $105,000. Eqis Capital Management Inc. increased 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. Parametrica Management Ltd bought a new position in Vonage Holdings Corp. during the first quarter valued at about $143,000. First Republic Investment Management Inc. increased its position in Vonage Holdings Corp. by 70.3% in the fourth quarter. First Republic Investment Management Inc. now owns 27,490 shares of the technology company’s stock valued at $189,000 after buying an additional 11,349 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new position in Vonage Holdings Corp. during the fourth quarter valued at about $193,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.

Shares of Vonage Holdings Corp. (NYSE:VG) traded up 0.91% during mid-day trading on Monday, hitting $7.73. 2,142,564 shares of the stock traded hands. Vonage Holdings Corp. has a one year low of $5.43 and a one year high of $7.88. The firm has a market capitalization of $1.72 billion, a P/E ratio of 126.72 and a beta of -0.01. The company’s 50 day moving average is $6.63 and its 200 day moving average is $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, hitting analysts’ consensus estimates 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 million for the quarter, compared to analyst estimates of $242.05 million. During the same period last year, the firm earned $0.08 earnings per share. Vonage Holdings Corp.’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Vonage Holdings Corp. will post $0.28 EPS for the current fiscal year.

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Several research firms have recently issued reports on VG. Dougherty & Co dropped their price objective on shares of Vonage Holdings Corp. from $10.50 to $8.50 and set a “buy” rating on the stock in a report on Friday. Zacks Investment Research downgraded shares of Vonage Holdings Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, William Blair restated an “outperform” rating on shares of Vonage Holdings Corp. in a report on Wednesday, May 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Vonage Holdings Corp. currently has a consensus rating of “Buy” and an average price target of $8.31.

In other Vonage Holdings Corp. news, Director Jeffrey A. Citron sold 414,913 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $6.77, for a total transaction of $2,808,961.01. Following the sale, the director now directly owns 12,664,157 shares in the company, valued at $85,736,342.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mcgonigal Graham sold 44,523 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $7.25, for a total transaction of $322,791.75. Following the completion of the sale, the senior vice president now owns 145,673 shares in the company, valued at $1,056,129.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,069,375 shares of company stock worth $28,295,719. 14.05% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Vonage Holdings Corp. (NYSE:VG)

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