Vonage Holdings Corp. (VG) Analyzing Financial Health

Marco Green
November 15, 2017

(NYSE:VG) has "Buy" rating given on Thursday, August 10 by Oppenheimer. Vonage Holdings Corp. now has an average rating of "Buy" and an average target price of $7.75. Vonage is sold directly through their website and retail partners such as SAM's Club, Amazon.com, RadioShack, Best Buy, Circuit City, Staples, Fry's Electronics and Office Depot. FBN Securities downgraded the shares of VG in report on Thursday, August 10 to "Sector Perform" rating. Robert W. Baird reaffirmed a "buy" rating and set a $9.00 price objective on shares of Vonage Holdings Corp.in a research note on Friday, October 20th. BidaskClub raised Vonage Holdings Corp. from a "hold" rating to a "buy" rating in a research note on Wednesday, August 9th.

Shares of Jones Energy Inc (NYSE:JONE) slipped -26.85% in the past week and plunged -21.01% in the last 4 weeks, historically the stock illustrate that its six months performance stands at -51.56% while its year to date performance is at -76.29%. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.97% with $204.11 Million sitting short, betting on future declines. VG has increased sales at a 1.90% CAGR over the past five years, and is considered a low growth stock. (NYSE VG) traded up $0.17 during trading on Friday, hitting $8.85. The stock had a trading volume of 1,146,700 shares, compared to its average volume of 1,415,830. Its book value per share for the most recent quarter is $2.24 while its price to book ratio for the same period is 3.95, as for as the company's cash per share for the most recent quarter is $0.13, however its price to cash per share ratio for the same period is 66. Its quick ratio for most recent quarter is 0.6 along with current ratio for most recent quarter of 0.6. Vonage Holdings Corp. has a 12 month low of $5.74 and a 12 month high of $9.04. The Return on Equity (ROE) value stands at 4.6%. "(VG) Expected to Announce Earnings of $0.07 Per Share" was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. The company reported the earnings of $0.07/Share in the last quarter where the estimated EPS by analysts was $0.07/share. The firm had revenue of $253.10 million for the quarter, compared to analyst estimates of $249.02 million. Dougherty & Company maintained Vonage Holdings Corp. Thompson Siegel & Walmsley Limited Liability Corporation has 0.29% invested in Vonage Holdings Corp.

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Several research firms have commented on VG.

This particular stock's 5-day moving average is 8.76, its 20-day moving average is 8.26 and its 100-day moving average is 7.71. Also, insider Antoine Jamous sold 250,000 shares of the business's stock in a transaction dated Tuesday, January 10th. Following the sale, the director now owns 12,670,751 shares in the company, valued at approximately $102,759,790.61. Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company. The stock exchanged hands 1.14 Million shares versus average trading capacity of 1.99 Million shares, yielding a market cap of $1.97 Billion.

A number of large investors have recently added to or reduced their stakes in the business. Vonage Holdings Corp. earned a news impact score of 0.17 on Accern's scale. CIBC Asset Management Inc acquired a new position in Vonage Holdings Corp.in the 3rd quarter valued at $148,000. Quantitative Systematic Strategies Llc holds 0.03% in Vonage Holdings Corp. 3 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

Always a trader wondering inside facts about his stocks, ownership status of firm sometimes helps to clear picture of dark side facts. Vanguard Group Inc. grew its stake in shares of Vonage Holdings Corp.by 9.7% during the first quarter. Vanguard Group Inc. now owns 19,739,952 shares of the technology company's stock worth $124,757,000 after acquiring an additional 1,741,500 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Vonage Holdings Corp.in the second quarter worth about $27,468,000. The stock's 52-week price fluctuated within the range of $9.04 - $5.74. Institutional investors own 79.06% of the company's stock. 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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