Vonage Holdings Corp. (VG) Earns Coverage Optimism Score of 0.15

News headlines about Vonage Holdings Corp. (NYSE:VG) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Vonage Holdings Corp. earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.5040280609454 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern’s rankings:

Vonage Holdings Corp. (NYSE:VG) traded up $0.04 during trading hours on Thursday, hitting $9.16. The stock had a trading volume of 1,551,834 shares, compared to its average volume of 2,563,646. The company has a market capitalization of $2,080.00, a PE ratio of 41.09, a P/E/G ratio of 6.57 and a beta of -0.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.63 and a current ratio of 0.64. Vonage Holdings Corp. has a 52 week low of $5.74 and a 52 week high of $9.20.

Vonage Holdings Corp. (NYSE:VG) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $253.10 million for the quarter, compared to analysts’ expectations of $249.02 million. Vonage Holdings Corp. had a return on equity of 11.47% and a net margin of 2.14%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. equities analysts forecast that Vonage Holdings Corp. will post 0.28 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the company. BidaskClub upgraded Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. lifted their target price on Vonage Holdings Corp. from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price (up previously from $9.50) on shares of Vonage Holdings Corp. in a research report on Wednesday, November 8th. Citigroup Inc. reiterated a “buy” rating and issued a $11.00 target price on shares of Vonage Holdings Corp. in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Finally, Craig Hallum reiterated a “buy” rating and issued a $11.00 target price (up previously from $10.00) on shares of Vonage Holdings Corp. in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.72.

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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, September 21st. The stock was sold at an average price of $7.99, for a total value of $3,315,154.87. Following the completion of the transaction, the director now directly owns 12,670,751 shares in the company, valued at $101,239,300.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,719,695 shares of company stock worth $14,389,663. Company insiders own 14.05% of the company’s stock.

Vonage Holdings Corp. Company 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.

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

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