News stories about Vonage (NYSE:VG) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Vonage earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.8639312414515 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
VG has been the topic of several research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Vonage in a research report on Wednesday, January 3rd. Needham & Company LLC boosted their price objective on shares of Vonage from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Vonage in a research report on Saturday, January 13th. Summit Redstone reaffirmed a “hold” rating on shares of Vonage in a research report on Friday, February 9th. Finally, ValuEngine raised shares of Vonage from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.41.
NYSE:VG traded down $0.03 on Friday, hitting $10.56. 1,043,856 shares of the company’s stock were exchanged, compared to its average volume of 1,584,070. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.67 and a quick ratio of 0.65. Vonage has a 52 week low of $6.09 and a 52 week high of $11.65. The stock has a market capitalization of $2,414.77, a PE ratio of 37.71, a price-to-earnings-growth ratio of 5.80 and a beta of 0.04.
Vonage (NYSE:VG) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Vonage had a positive return on equity of 14.13% and a negative net margin of 3.39%. The business had revenue of $254.00 million for the quarter, compared to the consensus estimate of $254.19 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. analysts anticipate that Vonage will post 0.36 earnings per share for the current fiscal year.
In other news, SVP Valerie Kahn sold 9,826 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $10.81, for a total transaction of $106,219.06. Following the transaction, the senior vice president now directly owns 15,601 shares in the company, valued at approximately $168,646.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edward M. Gilvar sold 11,322 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $10.72, for a total transaction of $121,371.84. Following the transaction, the chief marketing officer now owns 128,825 shares in the company, valued at $1,381,004. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 100,000 shares of company stock worth $21,330 and have sold 2,228,591 shares worth $23,400,007. 14.05% of the stock is owned by insiders.
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Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Business Cloud and Vonage Enterprise services.
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