Vonage Holdings Corp. (NYSE:VG) – Dougherty & Co upped their FY2017 EPS estimates for Vonage Holdings Corp. in a report released on Thursday. Dougherty & Co analyst C. Trebnick now forecasts that the technology company will earn $0.21 per share for the year, up from their prior forecast of $0.20. Dougherty & Co currently has a “Buy” rating and a $8.50 target price on the stock. Dougherty & Co also issued estimates for Vonage Holdings Corp.’s FY2018 earnings at $0.20 EPS.

A number of other research firms have also weighed in on VG. William Blair reiterated an “outperform” rating on shares of Vonage Holdings Corp. in a research report on Wednesday, May 24th. Zacks Investment Research lowered shares of Vonage Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub upgraded shares of Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Finally, FBN Securities lowered 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Vonage Holdings Corp. has a consensus rating of “Buy” and an average target price of $8.39.

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Vonage Holdings Corp. (NYSE VG) opened at 8.03 on Monday. The firm has a market capitalization of $1.83 billion, a PE ratio of 100.38 and a beta of -0.01. Vonage Holdings Corp. has a 1-year low of $5.65 and a 1-year high of $8.50. The company has a 50 day moving average of $7.06 and a 200 day moving average of $6.68.

Vonage Holdings Corp. (NYSE:VG) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.06 earnings per share (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 analysts’ expectations of $242.05 million. During the same period in the previous year, the business posted $0.08 EPS. The business’s revenue was up 7.8% compared to the same quarter last year.

In other Vonage Holdings Corp. news, CFO David T. Pearson sold 666,666 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $7.00, for a total value of $4,666,662.00. Following the completion of the sale, the chief financial officer now owns 948,241 shares of the company’s stock, valued at $6,637,687. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $6.77, for a total value of $2,808,961.01. Following the completion of the sale, the director now directly owns 12,664,157 shares of the company’s stock, valued at approximately $85,736,342.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,163,159 shares of company stock worth $29,520,570. 14.05% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. increased its stake in Vonage Holdings Corp. by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 41,750 shares of the technology company’s stock worth $264,000 after buying an additional 125 shares during the period. Aperio Group LLC increased its stake 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 worth $133,000 after buying an additional 433 shares during the period. Suntrust Banks Inc. increased its stake in Vonage Holdings Corp. by 2.4% in the first quarter. Suntrust Banks Inc. now owns 31,164 shares of the technology company’s stock worth $196,000 after buying an additional 718 shares during the period. Eqis Capital Management Inc. increased its stake in Vonage Holdings Corp. by 4.2% in the second quarter. Eqis Capital Management Inc. now owns 20,043 shares of the technology company’s stock worth $131,000 after buying an additional 813 shares during the period. Finally, Sei Investments Co. increased its stake in Vonage Holdings Corp. by 1.3% in the first quarter. Sei Investments Co. now owns 109,026 shares of the technology company’s stock worth $689,000 after buying an additional 1,409 shares during the period. 76.17% of the stock is owned by 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.

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

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