Vonage Holdings Corp. (NYSE:VG) has earned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.00.

Several research firms have recently weighed in on VG. Zacks Investment Research raised Vonage from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. Stephens reissued a “buy” rating and set a $14.00 price objective on shares of Vonage in a research note on Thursday, February 21st. Guggenheim began coverage on Vonage in a research note on Monday, March 11th. They set a “neutral” rating and a $10.00 price objective for the company. Finally, Summit Insights reissued a “hold” rating on shares of Vonage in a research note on Thursday, April 4th.

NYSE VG traded down $0.41 on Thursday, reaching $11.53. 102,498 shares of the stock traded hands, compared to its average volume of 3,194,880. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $2.89 billion, a P/E ratio of 35.89, a PEG ratio of 11.55 and a beta of 0.60. Vonage has a 12 month low of $7.91 and a 12 month high of $14.73.

Vonage (NYSE:VG) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $280.00 million during the quarter, compared to analyst estimates of $277.82 million. Vonage had a return on equity of 12.11% and a net margin of 0.99%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. On average, research analysts predict that Vonage will post 0.2 earnings per share for the current fiscal year.

In other news, Director Jeffrey A. Citron sold 400,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $10.09, for a total value of $4,036,000.00. Following the completion of the sale, the director now owns 8,558,801 shares in the company, valued at $86,358,302.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vinod Lala sold 2,867 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $10.29, for a total value of $29,501.43. Following the completion of the sale, the insider now owns 93,993 shares of the company’s stock, valued at approximately $967,187.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,504,503 shares of company stock valued at $15,618,548. Corporate insiders own 7.41% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. purchased a new stake in shares of Vonage in the first quarter valued at $33,000. Quantamental Technologies LLC purchased a new stake in shares of Vonage in the first quarter valued at $52,000. PNC Financial Services Group Inc. lifted its holdings in shares of Vonage by 15.3% in the first quarter. PNC Financial Services Group Inc. now owns 8,244 shares of the technology company’s stock valued at $83,000 after purchasing an additional 1,093 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Vonage in the fourth quarter valued at $84,000. Finally, Sciencast Management LP purchased a new stake in shares of Vonage in the first quarter valued at $107,000. Institutional investors own 83.01% of the company’s stock.

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 Unified Communications as a Service solutions, such as integrated voice, text, video, data, collaboration, contact center, and mobile applications through flexible, scalable Session Initiation protocol based VoIP network; Communications Platform as a Service solutions to developers designed to enhance the businesses communicate with customers by embedding communications into apps, Websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services.

Further Reading: Why do commodities matter?

Analyst Recommendations for Vonage (NYSE:VG)

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