Trexquant Investment LP bought a new position in Vonage Holdings Corp. (NYSE:VG) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,275 shares of the technology company’s stock, valued at approximately $255,000.

Several other hedge funds have also recently modified their holdings of VG. World Asset Management Inc bought a new stake in shares of Vonage in the third quarter worth about $112,000. Bayesian Capital Management LP bought a new stake in Vonage during the second quarter worth approximately $118,000. Aperio Group LLC increased its stake in Vonage by 2.2% during the second 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. CIBC Asset Management Inc bought a new stake in Vonage during the third quarter worth approximately $148,000. Finally, SG Americas Securities LLC increased its stake in Vonage by 108.4% during the second quarter. SG Americas Securities LLC now owns 24,416 shares of the technology company’s stock worth $160,000 after acquiring an additional 12,701 shares during the last quarter. 84.01% of the stock is currently owned by hedge funds and other institutional investors.

In other Vonage news, insider Edward M. Gilvar sold 17,778 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $9.76, for a total transaction of $173,513.28. Following the completion of the transaction, the insider now owns 29,199 shares in the company, valued at $284,982.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey A. Citron sold 414,913 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $7.99, for a total value of $3,315,154.87. Following the transaction, the director now owns 12,670,751 shares of the company’s stock, valued at approximately $101,239,300.49. The disclosure for this sale can be found here. Insiders have sold 1,539,123 shares of company stock valued at $12,962,492 in the last 90 days. Company insiders own 14.05% of the company’s stock.

Several brokerages have weighed in on VG. Robert W. Baird reissued a “buy” rating and set a $9.00 price objective on shares of Vonage in a research note on Friday, September 1st. Oppenheimer boosted their price objective on Vonage from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective (up from $9.50) on shares of Vonage in a research note on Wednesday, November 8th. Northland Securities reissued a “buy” rating and set a $9.50 price objective on shares of Vonage in a research note on Thursday, October 12th. Finally, FBN Securities cut Vonage from an “outperform” rating to a “sector perform” rating and set a $8.70 price objective on the stock. in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.72.

Shares of Vonage Holdings Corp. (NYSE:VG) traded up $0.01 during trading hours on Friday, hitting $9.93. The company’s stock had a trading volume of 2,028,400 shares, compared to its average volume of 2,540,668. Vonage Holdings Corp. has a fifty-two week low of $5.74 and a fifty-two week high of $10.49. The stock has a market capitalization of $2,268.42, a price-to-earnings ratio of 45.09, a PEG ratio of 7.04 and a beta of -0.04. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.51.

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

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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.

Institutional Ownership by Quarter for Vonage (NYSE:VG)

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