Bayesian Capital Management LP bought a new position in Vonage Holdings Corp. (NYSE:VG) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 18,000 shares of the technology company’s stock, valued at approximately $118,000.

A number of other institutional investors also recently made changes to their positions in the stock. Voya Investment Management LLC raised its holdings in Vonage Holdings Corp. by 10.2% during the second quarter. Voya Investment Management LLC now owns 88,924 shares of the technology company’s stock valued at $582,000 after acquiring an additional 8,196 shares during the period. B. Riley Financial Inc. bought a new stake in Vonage Holdings Corp. during the second quarter valued at about $2,011,000. OxFORD Asset Management LLP bought a new stake in Vonage Holdings Corp. during the second quarter valued at about $1,298,000. Dimensional Fund Advisors LP raised its holdings in Vonage Holdings Corp. by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,961,559 shares of the technology company’s stock valued at $45,529,000 after acquiring an additional 54,570 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in Vonage Holdings Corp. by 54.2% during the second quarter. Parametric Portfolio Associates LLC now owns 744,774 shares of the technology company’s stock valued at $4,871,000 after acquiring an additional 261,918 shares during the period. 79.57% of the stock is currently owned by institutional investors.

A number of research firms have commented on VG. Needham & Company LLC reissued a “buy” rating and set a $9.50 price target on shares of Vonage Holdings Corp. in a report on Wednesday, September 27th. Citigroup Inc. reissued a “buy” rating and set a $9.75 price target on shares of Vonage Holdings Corp. in a report on Wednesday, September 13th. Northland Securities reissued a “buy” rating and set a $9.50 price target on shares of Vonage Holdings Corp. in a report on Tuesday, September 5th. Robert W. Baird reissued a “buy” rating and set a $9.00 price target on shares of Vonage Holdings Corp. in a report on Friday, September 1st. Finally, FBN Securities cut Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 price target on the stock. in a report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $9.16.

In related news, Director Jeffrey A. Citron sold 414,913 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $7.99, for a total transaction of $3,315,154.87. Following the completion of the transaction, the director now owns 12,670,751 shares in the company, valued at approximately $101,239,300.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David T. Pearson sold 198,350 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $8.07, for a total transaction of $1,600,684.50. Following the transaction, the chief financial officer now 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 90 days, insiders have sold 1,028,176 shares of company stock valued at $8,280,784. Insiders own 14.05% of the company’s stock.

Vonage Holdings Corp. (NYSE:VG) opened at 8.53 on Thursday. The stock’s 50 day moving average price is $8.09 and its 200-day moving average price is $7.08. Vonage Holdings Corp. has a 12 month low of $5.74 and a 12 month high of $8.59. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 106.62 and a beta of -0.11.

Vonage Holdings Corp. (NYSE:VG) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $242.05 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. Equities analysts expect that Vonage Holdings Corp. will post $0.27 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Vonage Holdings Corp. (NYSE:VG)

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