Vonage Holdings Corp. (NYSE:VG) CFO David T. Pearson sold 198,350 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $8.07, for a total transaction of $1,600,684.50. Following the completion of the transaction, the chief financial officer now directly owns 216,119 shares of the company’s stock, valued at approximately $1,744,080.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Vonage Holdings Corp. (NYSE VG) opened at 8.14 on Friday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 101.75 and a beta of -0.01. Vonage Holdings Corp. has a 52 week low of $5.65 and a 52 week high of $8.50. The firm’s 50 day moving average is $7.27 and its 200-day moving average is $6.72.

Vonage Holdings Corp. (NYSE:VG) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. The business had revenue of $252 million during the quarter, compared to analyst estimates of $242.05 million. Vonage Holdings Corp. had a net margin of 2.00% and a return on equity of 12.40%. Vonage Holdings Corp.’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. Equities research analysts predict that Vonage Holdings Corp. will post $0.27 EPS for the current year.

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A number of equities analysts recently commented on VG shares. Zacks Investment Research raised shares of Vonage Holdings Corp. from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Thursday, May 11th. William Blair reaffirmed a “buy” rating on shares of Vonage Holdings Corp. in a research note on Thursday, May 4th. Dougherty & Co decreased their price objective on shares of Vonage Holdings Corp. from $10.50 to $8.50 and set a “buy” rating for the company in a research note on Friday, August 4th. FBN Securities lowered shares of Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 price objective for the company. in a research note on Thursday, August 10th. Finally, BidaskClub raised shares of Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $8.39.

A number of hedge funds have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. raised its stake in shares of 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 raised its stake in shares of 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. raised its stake in shares of 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. raised its stake in shares of 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. raised its stake in shares of 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. Institutional investors and hedge funds own 76.17% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Vonage Holdings Corp. (NYSE:VG)

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