Vonage Holdings Corp. (NYSE:VG) – Equities research analysts at Oppenheimer Holdings reduced their FY2018 EPS estimates for shares of Vonage Holdings Corp. in a research note issued to investors on Friday. Oppenheimer Holdings analyst T. Horan now expects that the technology company will post earnings of $0.30 per share for the year, down from their previous estimate of $0.31.

Vonage Holdings Corp. (NYSE:VG) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.06 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 business had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $242.05 million. During the same period in the previous year, the company posted $0.08 EPS. Vonage Holdings Corp.’s revenue was up 7.8% on a year-over-year basis.

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VG has been the subject of a number of other research reports. Northland Securities reaffirmed a “buy” rating and issued a $9.50 target price on shares of Vonage Holdings Corp. in a research report on Tuesday, September 5th. BidaskClub raised shares of Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Citigroup Inc. reaffirmed a “buy” rating and issued a $9.75 target price on shares of Vonage Holdings Corp. in a research report on Wednesday, September 13th. FBN Securities downgraded shares of Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 target price for the company. in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Vonage Holdings Corp. has an average rating of “Buy” and an average price target of $8.89.

Vonage Holdings Corp. (NYSE:VG) traded down 0.310% during midday trading on Monday, hitting $8.045. 94,679 shares of the company traded hands. The stock’s 50-day moving average is $7.94 and its 200-day moving average is $6.91. The firm has a market capitalization of $1.83 billion, a PE ratio of 100.562 and a beta of -0.09. Vonage Holdings Corp. has a 12-month low of $5.74 and a 12-month high of $8.50.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Vonage Holdings Corp. by 29.6% during the 1st quarter. Fifth Third Bancorp now owns 16,911 shares of the technology company’s stock worth $107,000 after buying an additional 3,863 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Vonage Holdings Corp. during the 2nd quarter worth about $118,000. Eqis Capital Management Inc. lifted its stake in shares of Vonage Holdings Corp. by 19.8% during the 1st quarter. Eqis Capital Management Inc. now owns 19,230 shares of the technology company’s stock worth $122,000 after buying an additional 3,176 shares during the last quarter. Quantitative Systematic Strategies LLC lifted its stake in shares of Vonage Holdings Corp. by 19.0% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 19,671 shares of the technology company’s stock worth $131,000 after buying an additional 3,136 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Vonage Holdings Corp. during the 1st quarter worth about $126,000. Institutional investors own 79.57% of the company’s stock.

In other news, Director Jeffrey A. Citron sold 414,913 shares of Vonage Holdings Corp. stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $8.11, for a total value of $3,364,944.43. Following the completion of the transaction, the director now owns 12,670,751 shares of the company’s stock, valued at approximately $102,759,790.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David T. Pearson sold 198,350 shares of Vonage Holdings Corp. stock in a transaction dated Wednesday, August 23rd. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders sold 1,028,176 shares of company stock valued at $7,774,590. Insiders own 14.05% 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.

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

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