Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron sold 83,334 shares of the company’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $8.95, for a total transaction of $745,839.30. Following the sale, the director now directly owns 8,558,801 shares of the company’s stock, valued at approximately $76,601,268.95. The sale was disclosed in a filing with the SEC, which is available at this link.
Vonage stock opened at $9.12 on Friday. Vonage Holdings Corp. has a 1-year low of $7.91 and a 1-year high of $14.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.75 and a quick ratio of 0.74. The company has a market capitalization of $2.17 billion, a PE ratio of 32.57, a PEG ratio of 6.98 and a beta of 0.33.
Vonage (NYSE:VG) last posted its quarterly earnings results on Friday, November 2nd. The technology company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Vonage had a negative net margin of 1.22% and a positive return on equity of 17.66%. The business had revenue of $261.53 million during the quarter, compared to analysts’ expectations of $263.91 million. During the same quarter in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Vonage Holdings Corp. will post 0.35 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Vonage in a research note on Monday, September 24th. Zacks Investment Research cut shares of Vonage from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Dougherty & Co reaffirmed a “buy” rating and set a $19.00 price objective on shares of Vonage in a research note on Thursday, November 29th. ValuEngine cut shares of Vonage from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Vonage in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $14.83.
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Vonage Company 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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