Federated Investors Inc. PA lifted its stake in Vonage Holdings Corp. (NYSE:VG) by 32.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,086,935 shares of the technology company’s stock after purchasing an additional 507,649 shares during the period. Federated Investors Inc. PA’s holdings in Vonage were worth $26,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VG. BlackRock Inc. lifted its position in Vonage by 13.3% during the 2nd quarter. BlackRock Inc. now owns 30,970,520 shares of the technology company’s stock valued at $399,210,000 after acquiring an additional 3,641,447 shares during the period. First Trust Advisors LP lifted its position in Vonage by 12.2% during the 2nd quarter. First Trust Advisors LP now owns 8,924,929 shares of the technology company’s stock valued at $115,042,000 after acquiring an additional 972,857 shares during the period. Rothschild Asset Management Inc. lifted its position in Vonage by 24.8% during the 1st quarter. Rothschild Asset Management Inc. now owns 2,685,282 shares of the technology company’s stock valued at $28,598,000 after acquiring an additional 533,339 shares during the period. Prudential Financial Inc. increased its stake in Vonage by 80.0% during the 1st quarter. Prudential Financial Inc. now owns 1,165,931 shares of the technology company’s stock valued at $12,417,000 after purchasing an additional 518,134 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Vonage by 74.3% during the 1st quarter. JPMorgan Chase & Co. now owns 966,436 shares of the technology company’s stock valued at $10,293,000 after purchasing an additional 412,052 shares in the last quarter. 84.94% of the stock is owned by institutional investors.

In other news, CEO Alan Masarek sold 500,000 shares of Vonage stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $14.32, for a total value of $7,160,000.00. Following the completion of the sale, the chief executive officer now directly owns 495,189 shares in the company, valued at $7,091,106.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Levi sold 4,113 shares of Vonage stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $13.68, for a total transaction of $56,265.84. Following the completion of the sale, the senior vice president now owns 4,113 shares of the company’s stock, valued at $56,265.84. The disclosure for this sale can be found here. Insiders sold 1,612,137 shares of company stock valued at $22,093,065 over the last quarter. Company insiders own 8.70% of the company’s stock.

A number of analysts have weighed in on VG shares. William Blair restated a “buy” rating on shares of Vonage in a research note on Wednesday, May 16th. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective (up from $13.00) on shares of Vonage in a research note on Wednesday, August 1st. Zacks Investment Research upgraded shares of Vonage from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, Citigroup raised their price objective on shares of Vonage to $16.00 and gave the company a “buy” rating in a research note on Monday, July 16th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $12.36.

NYSE:VG opened at $13.96 on Friday. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 49.86, a PEG ratio of 7.57 and a beta of -0.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.70 and a quick ratio of 0.69. Vonage Holdings Corp. has a fifty-two week low of $7.62 and a fifty-two week high of $14.61.

Vonage (NYSE:VG) last released its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. Vonage had a negative net margin of 1.14% and a positive return on equity of 16.92%. The business had revenue of $260.00 million during the quarter, compared to analyst estimates of $254.95 million. During the same period last year, the business earned $0.07 EPS. Vonage’s revenue was up 3.2% compared to the same quarter last year. equities research analysts expect that Vonage Holdings Corp. will post 0.37 earnings per share for the current year.

Vonage Profile

Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Business Cloud and Vonage Enterprise services.

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Institutional Ownership by Quarter for Vonage (NYSE:VG)

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