Vonage Holdings Corp. (NYSE:VG) had its price target upped by Oppenheimer Holdings, Inc. from $9.00 to $10.00 in a report published on Thursday. The brokerage currently has an outperform rating on the technology company’s stock. Oppenheimer Holdings also issued estimates for Vonage Holdings Corp.’s Q4 2017 earnings at $0.12 EPS, FY2017 earnings at $0.36 EPS and FY2018 earnings at $0.41 EPS.

A number of other research firms have also recently commented on VG. Northland Securities restated a buy rating and issued a $9.50 price objective on shares of Vonage Holdings Corp. in a research report on Tuesday, September 5th. Citigroup Inc. restated a buy rating and issued a $11.00 price objective on shares of Vonage Holdings Corp. in a research report on Wednesday. They noted that the move was a valuation call. BidaskClub upgraded shares of Vonage Holdings Corp. from a hold rating to a buy rating in a research report on Wednesday, August 9th. Robert W. Baird restated a buy rating and issued a $9.00 price objective on shares of Vonage Holdings Corp. in a research report on Friday, October 20th. Finally, FBN Securities cut 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 report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $9.72.

Vonage Holdings Corp. (VG) traded up $0.17 during mid-day trading on Thursday, hitting $8.85. The stock had a trading volume of 1,146,700 shares, compared to its average volume of 1,415,830. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 0.64. The firm has a market cap of $2,023.74, a P/E ratio of 40.23, a P/E/G ratio of 6.40 and a beta of -0.14. Vonage Holdings Corp. has a one year low of $5.74 and a one year high of $9.04.

Vonage Holdings Corp. (NYSE:VG) last posted 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 company had revenue of $253.10 million for the quarter, compared to the consensus estimate of $249.02 million. Vonage Holdings Corp. had a return on equity of 11.47% and a net margin of 2.14%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS. analysts predict that Vonage Holdings Corp. will post 0.28 EPS for the current year.

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In other news, Director Jeffrey A. Citron sold 414,913 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $8.11, for a total transaction of $3,364,944.43. Following the completion of the transaction, the director now directly owns 12,670,751 shares in the company, valued at approximately $102,759,790.61. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey A. Citron sold 138,303 shares of the stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $8.15, for a total transaction of $1,127,169.45. Following the transaction, the director now owns 12,676,047 shares of the company’s stock, valued at $103,309,783.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,581,392 shares of company stock valued at $12,777,047. Company insiders own 14.05% of the company’s stock.

A number of large investors have recently modified their holdings of VG. UBS Asset Management Americas Inc. lifted its stake in Vonage Holdings Corp. by 33.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 109,911 shares of the technology company’s stock valued at $695,000 after purchasing an additional 27,825 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Vonage Holdings Corp. in the 1st quarter valued at about $126,000. FMR LLC lifted its stake in Vonage Holdings Corp. by 22.3% in the 1st quarter. FMR LLC now owns 3,729,255 shares of the technology company’s stock valued at $23,569,000 after purchasing an additional 678,943 shares during the last quarter. Legal & General Group Plc lifted its stake in Vonage Holdings Corp. by 30.7% in the 1st quarter. Legal & General Group Plc now owns 60,026 shares of the technology company’s stock valued at $378,000 after purchasing an additional 14,089 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Vonage Holdings Corp. by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 19,739,952 shares of the technology company’s stock valued at $124,757,000 after purchasing an additional 1,741,500 shares during the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

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.

Analyst Recommendations for Vonage Holdings Corp. (NYSE:VG)

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