Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron sold 414,913 shares of Vonage Holdings Corp. 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 sale, the director now owns 12,676,047 shares of the company’s stock, valued at $102,929,501.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Vonage Holdings Corp. (NYSE:VG) opened at 8.12 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 101.50 and a beta of -0.11. Vonage Holdings Corp. has a one year low of $5.74 and a one year high of $8.69. The firm has a 50-day moving average of $8.14 and a 200-day moving average of $7.24.

Vonage Holdings Corp. (NYSE:VG) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $242.05 million. Vonage Holdings Corp. had a return on equity of 12.40% and a net margin of 2.00%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, analysts anticipate that Vonage Holdings Corp. will post $0.27 earnings per share for the current year.

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Several research firms recently weighed in on VG. FBN Securities downgraded Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 price objective for the company. in a report on Thursday, August 10th. Zacks Investment Research upgraded Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Robert W. Baird restated a “buy” rating and issued a $9.00 price objective on shares of Vonage Holdings Corp. in a report on Friday. Northland Securities restated a “buy” rating and issued a $9.50 price objective on shares of Vonage Holdings Corp. in a report on Tuesday, September 5th. Finally, BidaskClub upgraded Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Vonage Holdings Corp. presently has an average rating of “Buy” and an average price target of $9.16.

Several institutional investors and hedge funds have recently made changes to their positions in VG. BlackRock Inc. boosted its stake in shares of Vonage Holdings Corp. by 36,952.8% in the 1st quarter. BlackRock Inc. now owns 15,753,734 shares of the technology company’s stock valued at $99,564,000 after buying an additional 15,711,217 shares during the period. Southpoint Capital Advisors LP purchased a new position in shares of Vonage Holdings Corp. in the 2nd quarter valued at about $27,468,000. SQN Investors LP boosted its stake in shares of Vonage Holdings Corp. by 111.0% in the 2nd quarter. SQN Investors LP now owns 5,647,830 shares of the technology company’s stock valued at $36,937,000 after buying an additional 2,970,716 shares during the period. Rubric Capital Management LP purchased a new position in shares of Vonage Holdings Corp. in the 2nd quarter valued at about $15,696,000. Finally, Vanguard Group Inc. boosted its stake in shares of Vonage Holdings Corp. by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 19,739,952 shares of the technology company’s stock valued at $124,757,000 after buying an additional 1,741,500 shares during the period. Institutional investors and hedge funds own 79.57% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Vonage Holdings Corp. (NYSE:VG)

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