Vonage Holdings Corp. (VG) Stake Decreased by OxFORD Asset Management LLP

OxFORD Asset Management LLP cut its position in shares of Vonage Holdings Corp. (NYSE:VG) by 54.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,805 shares of the technology company’s stock after selling 108,691 shares during the quarter. OxFORD Asset Management LLP’s holdings in Vonage were worth $735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. World Asset Management Inc bought a new position in shares of Vonage in the third quarter valued at $112,000. Bayesian Capital Management LP bought a new position in shares of Vonage in the second quarter valued at $118,000. CIBC Asset Management Inc bought a new position in shares of Vonage in the third quarter valued at $148,000. Aperio Group LLC lifted its stake in shares of Vonage by 2.2% in the second quarter. Aperio Group LLC now owns 20,387 shares of the technology company’s stock valued at $133,000 after buying an additional 433 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Vonage in the third quarter valued at $177,000. 83.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Vonage Holdings Corp. (VG) opened at $10.21 on Monday. Vonage Holdings Corp. has a 1-year low of $5.74 and a 1-year high of $10.56. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. The company has a market cap of $2,320.00, a PE ratio of 113.44, a PEG ratio of 7.30 and a beta of -0.04.

Vonage (NYSE:VG) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Vonage had a net margin of 2.14% and a return on equity of 11.47%. The business had revenue of $253.10 million during the quarter, compared to the consensus estimate of $249.02 million. During the same quarter last year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. sell-side analysts expect that Vonage Holdings Corp. will post 0.28 EPS for the current year.

In other news, Director Jeffrey A. Citron sold 138,303 shares of Vonage stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $10.14, for a total value of $1,402,392.42. Following the completion of the transaction, the director now owns 10,676,047 shares in the company, valued at $108,255,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Citron sold 414,916 shares of Vonage stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $10.18, for a total transaction of $4,223,844.88. Following the completion of the transaction, the director now owns 10,676,047 shares of the company’s stock, valued at approximately $108,682,158.46. The disclosure for this sale can be found here. Insiders have sold 1,677,429 shares of company stock valued at $15,273,575 in the last 90 days. 14.05% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective (up from $9.50) on shares of Vonage in a research note on Wednesday, November 8th. Robert W. Baird reiterated a “buy” rating on shares of Vonage in a report on Friday, November 17th. Oppenheimer increased their target price on shares of Vonage from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Vonage from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Northland Securities reiterated a “buy” rating and issued a $9.50 target price on shares of Vonage in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $9.94.

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Vonage 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.

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Institutional Ownership by Quarter for Vonage (NYSE:VG)

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