American Century Companies Inc. purchased a new stake in Vonage Holdings Corp. (NYSE:VG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 350,078 shares of the technology company’s stock, valued at approximately $2,850,000. American Century Companies Inc. owned about 0.15% of Vonage as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Aperio Group LLC grew its position in Vonage by 2.2% during the 2nd quarter. Aperio Group LLC now owns 20,387 shares of the technology company’s stock worth $133,000 after acquiring an additional 433 shares during the last quarter. Suntrust Banks Inc. grew its position in shares of Vonage by 2.6% in the 2nd quarter. Suntrust Banks Inc. now owns 31,971 shares of the technology company’s stock valued at $209,000 after buying an additional 807 shares during the last quarter. Eqis Capital Management Inc. grew its position in shares of Vonage by 4.2% in the 2nd quarter. Eqis Capital Management Inc. now owns 20,043 shares of the technology company’s stock valued at $131,000 after buying an additional 813 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Vonage by 5.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 32,101 shares of the technology company’s stock valued at $210,000 after buying an additional 1,571 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Vonage by 2.0% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 126,994 shares of the technology company’s stock valued at $803,000 after buying an additional 2,542 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

In other news, Director Jeffrey A. Citron sold 138,303 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $8.90, for a total value of $1,230,896.70. Following the transaction, the director now directly owns 11,676,047 shares of the company’s stock, valued at approximately $103,916,818.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Citron sold 414,913 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $8.12, for a total value of $3,369,093.56. Following the completion of the transaction, the director now directly owns 12,676,047 shares in the company, valued at $102,929,501.64. The disclosure for this sale can be found here. Insiders sold a total of 1,521,345 shares of company stock worth $12,788,979 over the last three months. 14.05% of the stock is owned by company insiders.

Shares of Vonage Holdings Corp. (NYSE VG) remained flat at $$9.94 during trading hours on Monday. 714,300 shares of the stock traded hands, compared to its average volume of 2,556,100. The company has a market capitalization of $2,260.00, a price-to-earnings ratio of 45.18, a P/E/G ratio of 7.05 and a beta of -0.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.63 and a current ratio of 0.64. Vonage Holdings Corp. has a 1-year low of $5.74 and a 1-year high of $9.97.

Vonage (NYSE:VG) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $253.10 million for the quarter, compared to the consensus estimate of $249.02 million. Vonage had a return on equity of 11.47% and a net margin of 2.14%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. equities analysts predict that Vonage Holdings Corp. will post 0.28 EPS for the current fiscal year.

VG has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target (up previously from $9.50) on shares of Vonage in a research report on Wednesday, November 8th. Citigroup Inc. reiterated a “buy” rating and issued a $11.00 price target on shares of Vonage in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Craig Hallum reiterated a “buy” rating and issued a $11.00 price target (up previously from $10.00) on shares of Vonage in a research report on Tuesday, November 7th. Robert W. Baird reiterated a “buy” rating and issued a $9.00 price target on shares of Vonage in a research report on Friday, October 20th. Finally, Northland Securities reiterated a “buy” rating and issued a $9.50 price target on shares of Vonage in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $9.72.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/american-century-companies-inc-purchases-new-position-in-vonage-holdings-corp-vg/1729539.html.

About Vonage

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.

Want to see what other hedge funds are holding VG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vonage Holdings Corp. (NYSE:VG).

Institutional Ownership by Quarter for Vonage (NYSE:VG)

Receive News & Ratings for Vonage Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vonage Holdings Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.