Somewhat Positive News Coverage Somewhat Unlikely to Impact Vonage (VG) Stock Price

Media stories about Vonage (NYSE:VG) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vonage earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.2894198725504 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

Several brokerages have recently weighed in on VG. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price (up previously from $9.50) on shares of Vonage in a research report on Wednesday, November 8th. Robert W. Baird reissued a “buy” rating on shares of Vonage in a research report on Friday, November 17th. Oppenheimer raised their target price on Vonage from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered Vonage from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, FBN Securities lowered Vonage from an “outperform” rating to a “sector perform” rating and set a $8.70 target price on the stock. in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Vonage currently has an average rating of “Buy” and a consensus target price of $9.72.

Shares of Vonage (VG) opened at $10.16 on Tuesday. 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 has a 12-month low of $5.74 and a 12-month high of $10.49. The firm has a market capitalization of $2,359.89, a PE ratio of 46.91, a PEG ratio of 7.32 and a beta of -0.04.

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

In related news, insider Edward M. Gilvar sold 17,778 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $9.76, for a total transaction of $173,513.28. Following the transaction, the insider now owns 29,199 shares in the company, valued at approximately $284,982.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $9.03, for a total value of $3,746,664.39. Following the transaction, the director now owns 11,676,047 shares in the company, valued at approximately $105,434,704.41. The disclosure for this sale can be found here. Insiders have sold a total of 1,539,123 shares of company stock worth $12,962,492 in the last 90 days. 14.05% of the stock is currently owned by company insiders.

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About Vonage

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 (NYSE:VG)

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