Vonage Holdings Corp. (NYSE:VG) SVP Mcgonigal Graham sold 45,000 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $7.00, for a total transaction of $315,000.00. Following the transaction, the senior vice president now owns 190,096 shares of the company’s stock, valued at $1,330,672. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Mcgonigal Graham also recently made the following trade(s):
- On Tuesday, May 9th, Mcgonigal Graham sold 44,523 shares of Vonage Holdings Corp. stock. The stock was sold at an average price of $7.25, for a total transaction of $322,791.75.
- On Thursday, April 27th, Mcgonigal Graham sold 40,000 shares of Vonage Holdings Corp. stock. The stock was sold at an average price of $6.76, for a total transaction of $270,400.00.
Vonage Holdings Corp. (NYSE:VG) traded up 1.74% on Friday, reaching $6.45. 3,421,737 shares of the company’s stock traded hands. The company’s 50 day moving average is $6.50 and its 200-day moving average is $6.63. Vonage Holdings Corp. has a 52-week low of $4.18 and a 52-week high of $7.88. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 105.74 and a beta of 0.25.
Vonage Holdings Corp. (NYSE:VG) last released its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $243.30 million during the quarter, compared to analyst estimates of $242.40 million. Vonage Holdings Corp. had a net margin of 2.27% and a return on equity of 17.99%. Vonage Holdings Corp.’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. Equities analysts expect that Vonage Holdings Corp. will post $0.27 EPS for the current year.
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VG has been the subject of several recent analyst reports. William Blair reiterated a “buy” rating on shares of Vonage Holdings Corp. in a research note on Thursday, May 4th. Zacks Investment Research upgraded shares of Vonage Holdings Corp. from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Vonage Holdings Corp. has an average rating of “Buy” and an average target price of $8.13.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Vonage Holdings Corp. by 36,952.8% in the first quarter. BlackRock Inc. now owns 15,753,734 shares of the technology company’s stock worth $99,564,000 after buying an additional 15,711,217 shares in the last quarter. Alliancebernstein L.P. raised its stake in Vonage Holdings Corp. by 998.4% in the first quarter. Alliancebernstein L.P. now owns 9,866,561 shares of the technology company’s stock worth $62,357,000 after buying an additional 8,968,261 shares in the last quarter. Norges Bank purchased a new stake in Vonage Holdings Corp. during the fourth quarter worth $19,387,000. Wellington Management Group LLP raised its stake in Vonage Holdings Corp. by 16.9% in the first quarter. Wellington Management Group LLP now owns 17,507,400 shares of the technology company’s stock worth $110,647,000 after buying an additional 2,533,213 shares in the last quarter. Finally, Legion Partners Asset Management LLC purchased a new stake in Vonage Holdings Corp. during the fourth quarter worth $16,975,000. Institutional investors and hedge funds own 77.13% 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.
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