Vonage Holdings Corp. (NYSE:VG) – Equities researchers at William Blair issued their Q3 2018 earnings per share estimates for shares of Vonage in a report released on Monday, September 24th. William Blair analyst J. Breen expects that the technology company will earn $0.07 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Vonage’s Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.33 EPS, Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.35 EPS.

Vonage (NYSE:VG) last issued its quarterly earnings data on Wednesday, August 1st. 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 positive return on equity of 16.92% and a negative net margin of 1.14%. The business had revenue of $260.00 million for the quarter, compared to the consensus estimate of $254.95 million. During the same period in the prior year, the business earned $0.07 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis.

Other analysts also recently issued reports about the company. Citigroup upped their price objective on Vonage to $16.00 and gave the company a “buy” rating in a research report on Monday, July 16th. They noted that the move was a valuation call. Zacks Investment Research lowered Vonage from a “buy” rating to a “hold” rating in a research note on Saturday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price (up from $13.00) on shares of Vonage in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Vonage presently has an average rating of “Buy” and an average target price of $12.36.

Shares of NYSE:VG opened at $14.30 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.35. Vonage has a 52-week low of $7.85 and a 52-week high of $14.73. The firm has a market capitalization of $3.42 billion, a PE ratio of 51.07, a P/E/G ratio of 7.88 and a beta of -0.08.

In related news, Director Jeffrey A. Citron sold 500,000 shares of the company’s stock in a transaction on Friday, July 20th. The stock was sold at an average price of $13.26, for a total value of $6,630,000.00. Following the completion of the transaction, the director now directly owns 12,250,784 shares in the company, valued at $162,445,395.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Citron sold 233,332 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $14.43, for a total value of $3,366,980.76. Following the completion of the transaction, the director now owns 10,650,784 shares of the company’s stock, valued at $153,690,813.12. The disclosure for this sale can be found here. Insiders sold 2,550,893 shares of company stock valued at $35,409,798 over the last quarter. Insiders own 8.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in VG. New York State Teachers Retirement System increased its stake in Vonage by 2.6% during the second quarter. New York State Teachers Retirement System now owns 156,947 shares of the technology company’s stock worth $2,023,000 after acquiring an additional 3,974 shares during the last quarter. Marshall Wace LLP increased its stake in Vonage by 9.8% during the second quarter. Marshall Wace LLP now owns 45,220 shares of the technology company’s stock worth $583,000 after acquiring an additional 4,032 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Vonage by 7.4% during the second quarter. OppenheimerFunds Inc. now owns 62,648 shares of the technology company’s stock worth $808,000 after acquiring an additional 4,302 shares during the last quarter. D.A. Davidson & CO. increased its stake in Vonage by 5.6% during the second quarter. D.A. Davidson & CO. now owns 82,182 shares of the technology company’s stock worth $1,059,000 after acquiring an additional 4,377 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Vonage by 11.3% during the first quarter. Aperio Group LLC now owns 44,104 shares of the technology company’s stock worth $470,000 after acquiring an additional 4,488 shares during the last quarter. Hedge funds and other institutional investors own 84.92% of the company’s stock.

Vonage Company Profile

Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Business Cloud and Vonage Enterprise services.

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Earnings History and Estimates for Vonage (NYSE:VG)

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