Vonage Holdings (NYSE:VG) CEO Alan Masarek sold 234,629 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $11.17, for a total transaction of $2,620,805.93. Following the completion of the transaction, the chief executive officer now owns 695,189 shares of the company’s stock, valued at $7,765,261.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Alan Masarek also recently made the following trade(s):
- On Monday, February 26th, Alan Masarek sold 165,804 shares of Vonage stock. The stock was sold at an average price of $10.29, for a total transaction of $1,706,123.16.
- On Wednesday, February 28th, Alan Masarek sold 487,703 shares of Vonage stock. The stock was sold at an average price of $10.34, for a total transaction of $5,042,849.02.
Shares of Vonage opened at $11.40 on Friday, MarketBeat Ratings reports. The stock has a market cap of $2.66 billion, a PE ratio of 40.71, a PEG ratio of 5.57 and a beta of 0.03. The company has a quick ratio of 0.72, a current ratio of 0.74 and a debt-to-equity ratio of 0.42. Vonage Holdings has a 12 month low of $11.15 and a 12 month high of $11.23.
Vonage (NYSE:VG) last issued its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate of $251.76 million. Vonage had a negative net margin of 1.51% and a positive return on equity of 16.84%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. equities analysts anticipate that Vonage Holdings will post 0.4 earnings per share for the current year.
VG has been the subject of several recent research reports. Zacks Investment Research raised shares of Vonage from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Friday, April 20th. Summit Redstone reissued a “hold” rating on shares of Vonage in a research note on Friday, February 9th. Robert W. Baird reissued an “outperform” rating and issued a $12.00 price target (up from $11.00) on shares of Vonage in a research note on Thursday, February 22nd. ValuEngine raised shares of Vonage from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, William Blair reissued a “buy” rating on shares of Vonage in a research note on Wednesday. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.63.
Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Vonage by 87.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,788 shares of the technology company’s stock valued at $100,000 after acquiring an additional 4,569 shares during the last quarter. Pitcairn Co. bought a new position in shares of Vonage during the first quarter valued at about $108,000. Zeke Capital Advisors LLC bought a new position in shares of Vonage during the first quarter valued at about $120,000. LS Investment Advisors LLC raised its stake in shares of Vonage by 83.5% during the fourth quarter. LS Investment Advisors LLC now owns 12,490 shares of the technology company’s stock valued at $127,000 after acquiring an additional 5,683 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Vonage by 103.4% during the fourth quarter. Bank of Montreal Can now owns 12,948 shares of the technology company’s stock valued at $131,000 after acquiring an additional 6,581 shares during the last quarter. 85.15% of the stock is owned by hedge funds and other institutional investors.
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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