Vonage Holdings Corp. (VG) SVP Sells $315,000.00 in Stock

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.

Insider Buying and Selling by Quarter for Vonage Holdings Corp. (NYSE:VG)

COPYRIGHT VIOLATION NOTICE: This news story was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/05/20/vonage-holdings-corp-vg-svp-sells-315000-00-in-stock-updated.html.

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.

12 Month Chart for NYSE:VG

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

Latest News

Leave a Reply