Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron sold 514,913 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $10.37, for a total value of $5,339,647.81. Following the completion of the sale, the director now owns 10,680,286 shares of the company’s stock, valued at $110,754,565.82. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Vonage Holdings Corp. (NYSE VG) traded up $0.36 during mid-day trading on Friday, reaching $10.96. The company’s stock had a trading volume of 2,540,000 shares, compared to its average volume of 1,700,000. Vonage Holdings Corp. has a 1-year low of $5.74 and a 1-year high of $11.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.63. The stock has a market cap of $2,490.00, a price-to-earnings ratio of 121.78, a PEG ratio of 5.88 and a beta of -0.05.
Vonage (NYSE:VG) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 during the quarter, compared to analyst estimates of $249.02 million. During the same quarter in the prior year, the business posted $0.09 EPS. Vonage’s revenue for the quarter was up 1.9% compared to the same quarter last year. equities analysts anticipate that Vonage Holdings Corp. will post 0.28 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Suntrust Banks Inc. increased its stake in Vonage by 2.6% in the 2nd quarter. Suntrust Banks Inc. now owns 31,971 shares of the technology company’s stock worth $209,000 after buying an additional 807 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Vonage by 5.1% during the second quarter. Oppenheimer & Co. Inc. now owns 32,101 shares of the technology company’s stock valued at $210,000 after purchasing an additional 1,571 shares in the last quarter. Amalgamated Bank grew its position in shares of Vonage by 11.7% during the second quarter. Amalgamated Bank now owns 26,757 shares of the technology company’s stock valued at $175,000 after purchasing an additional 2,805 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Vonage by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 153,445 shares of the technology company’s stock valued at $1,004,000 after purchasing an additional 6,103 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Vonage by 9.7% during the second quarter. D.A. Davidson & CO. now owns 75,685 shares of the technology company’s stock valued at $494,000 after purchasing an additional 6,710 shares in the last quarter. Institutional investors and hedge funds own 83.99% of the company’s stock.
Vonage 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.
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