FY2020 EPS Estimates for Vonage Holdings Corp. (NASDAQ:VG) Raised by Analyst


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Vonage Holdings Corp. (NASDAQ:VG) – Research analysts at Jefferies Financial Group upped their FY2020 earnings per share (EPS) estimates for shares of Vonage in a note issued to investors on Monday, January 11th. Jefferies Financial Group analyst S. Samana now forecasts that the company will post earnings per share of $0.21 for the year, up from their prior forecast of $0.15. Jefferies Financial Group also issued estimates for Vonage’s Q4 2020 earnings at $0.05 EPS, Q4 2021 earnings at $0.06 EPS and FY2021 earnings at $0.12 EPS.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Vonage from a “buy” rating to a “hold” rating in a research note on Friday, November 6th. Zacks Investment Research upgraded shares of Vonage from a “sell” rating to a “hold” rating in a research note on Wednesday, October 14th. Rosenblatt Securities upped their target price on shares of Vonage from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, November 6th. Finally, BidaskClub downgraded shares of Vonage from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $13.88.

NASDAQ:VG opened at $13.52 on Wednesday. Vonage has a one year low of $4.18 and a one year high of $14.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50-day simple moving average is $13.31 and its 200 day simple moving average is $12.24. The firm has a market capitalization of $3.36 billion, a P/E ratio of -90.13, a PEG ratio of 14.62 and a beta of 0.52.

Vonage (NASDAQ:VG) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. Vonage had a negative net margin of 2.92% and a positive return on equity of 6.18%. The business had revenue of $316.65 million for the quarter, compared to analyst estimates of $308.56 million.

In related news, Director Jeffrey A. Citron sold 100,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $12.14, for a total transaction of $1,214,000.00. Following the transaction, the director now owns 8,731,194 shares in the company, valued at $105,996,695.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vinod Lala sold 37,500 shares of the stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $13.40, for a total transaction of $502,500.00. Following the transaction, the insider now owns 193,501 shares in the company, valued at approximately $2,592,913.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,500 shares of company stock worth $2,049,500. 6.50% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Intrust Bank NA increased its holdings in Vonage by 6.4% during the third quarter. Intrust Bank NA now owns 13,486 shares of the company’s stock valued at $138,000 after buying an additional 817 shares during the last quarter. California State Teachers Retirement System increased its holdings in Vonage by 0.4% during the third quarter. California State Teachers Retirement System now owns 350,628 shares of the company’s stock valued at $3,587,000 after buying an additional 1,403 shares during the last quarter. Stephens Inc. AR increased its holdings in Vonage by 3.0% during the second quarter. Stephens Inc. AR now owns 62,915 shares of the company’s stock valued at $633,000 after buying an additional 1,861 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Vonage by 24.6% during the second quarter. PNC Financial Services Group Inc. now owns 13,642 shares of the company’s stock valued at $137,000 after buying an additional 2,692 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Vonage by 3.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 94,164 shares of the company’s stock valued at $963,000 after buying an additional 2,800 shares during the last quarter. 88.33% of the stock is owned by institutional investors and hedge funds.

About Vonage

Vonage Holdings Corp. provides cloud communications services for businesses and consumers. It operates through two segments, Business and Consumer. The Business segment offers cloud-based applications comprising integrated voice, text, video, data, collaboration, and mobile applications over SIP based VoIP network; API solutions designed to enhance the way businesses communicate with their customers by embedding communications into apps, websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services.

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