The Manufacturers Life Insurance Company raised its holdings in Vonage Holdings Corp. (NYSE:VG) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,445 shares of the technology company’s stock after acquiring an additional 6,103 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Vonage Holdings Corp. worth $1,004,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VG. UBS Asset Management Americas Inc. boosted its stake in shares of Vonage Holdings Corp. by 33.9% during the first quarter. UBS Asset Management Americas Inc. now owns 109,911 shares of the technology company’s stock valued at $695,000 after purchasing an additional 27,825 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Vonage Holdings Corp. by 30.7% during the first quarter. Legal & General Group Plc now owns 60,026 shares of the technology company’s stock valued at $378,000 after purchasing an additional 14,089 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Vonage Holdings Corp. by 9.7% during the first quarter. Vanguard Group Inc. now owns 19,739,952 shares of the technology company’s stock valued at $124,757,000 after purchasing an additional 1,741,500 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vonage Holdings Corp. by 2.7% during the first quarter. Geode Capital Management LLC now owns 1,491,442 shares of the technology company’s stock valued at $9,425,000 after purchasing an additional 39,069 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Vonage Holdings Corp. by 676.5% during the first quarter. UBS Group AG now owns 52,649 shares of the technology company’s stock valued at $333,000 after purchasing an additional 45,869 shares in the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

A number of brokerages have recently commented on VG. BidaskClub raised Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. lifted their price target on Vonage Holdings Corp. from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target (up from $9.50) on shares of Vonage Holdings Corp. in a research note on Wednesday, November 8th. Citigroup Inc. reissued a “buy” rating and set a $11.00 price target on shares of Vonage Holdings Corp. in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Finally, Craig Hallum reissued a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Vonage Holdings Corp. in a research note on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.72.

In related news, Director Jeffrey A. Citron sold 138,303 shares of Vonage Holdings Corp. stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $8.15, for a total value of $1,127,169.45. Following the transaction, the director now directly owns 12,676,047 shares of the company’s stock, valued at $103,309,783.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey A. Citron sold 414,913 shares of Vonage Holdings Corp. stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $8.11, for a total value of $3,364,944.43. Following the completion of the transaction, the director now directly owns 12,670,751 shares in the company, valued at $102,759,790.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,581,392 shares of company stock worth $12,777,047. 14.05% of the stock is owned by insiders.

Vonage Holdings Corp. (NYSE:VG) opened at $8.78 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2,023.74, a P/E ratio of 40.23, a P/E/G ratio of 6.44 and a beta of -0.14. Vonage Holdings Corp. has a 12 month low of $5.74 and a 12 month high of $9.04.

Vonage Holdings Corp. (NYSE:VG) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The company had revenue of $253.10 million for the quarter, compared to analyst estimates of $249.02 million. Vonage Holdings Corp. had a return on equity of 11.47% and a net margin of 2.14%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. analysts predict that Vonage Holdings Corp. will post 0.28 EPS for the current year.

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Vonage Holdings Corp. Profile

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 Holdings Corp. (NYSE:VG)

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