B. Riley Financial Inc. lessened its holdings in Vonage Holdings Corp. (NYSE:VG) by 75.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,700 shares of the technology company’s stock after selling 230,800 shares during the quarter. B. Riley Financial Inc.’s holdings in Vonage were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Aperio Group LLC grew its position in shares of Vonage by 2.2% during the 2nd quarter. Aperio Group LLC now owns 20,387 shares of the technology company’s stock worth $133,000 after buying an additional 433 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of Vonage by 2.6% during 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 2nd quarter. Oppenheimer & Co. Inc. now owns 32,101 shares of the technology company’s stock worth $210,000 after buying an additional 1,571 shares in the last quarter. Amalgamated Bank grew its position in shares of Vonage by 11.7% during the 2nd quarter. Amalgamated Bank now owns 26,757 shares of the technology company’s stock worth $175,000 after buying an additional 2,805 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Vonage by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 153,445 shares of the technology company’s stock worth $1,004,000 after buying an additional 6,103 shares in the last quarter. 84.01% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on VG shares. Robert W. Baird restated a “buy” rating and set a $9.00 price objective on shares of Vonage in a research note on Friday, September 1st. Craig Hallum restated a “buy” rating and set a $11.00 price objective (up from $10.00) on shares of Vonage in a research note on Tuesday, November 7th. Citigroup restated a “buy” rating and set a $11.00 price objective on shares of Vonage in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Northland Securities restated a “buy” rating and set a $9.50 price objective on shares of Vonage in a research note on Thursday, October 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.50 price target on shares of Vonage in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.72.

In other Vonage news, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $8.12, for a total value of $3,369,093.56. Following the sale, the director now directly owns 12,676,047 shares of the company’s stock, valued at $102,929,501.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward M. Gilvar sold 17,778 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $9.76, for a total value of $173,513.28. Following the completion of the sale, the insider now directly owns 29,199 shares in the company, valued at $284,982.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,539,123 shares of company stock valued at $12,962,492. Company insiders own 14.05% of the company’s stock.

Vonage Holdings Corp. (VG) traded down $0.11 during trading on Wednesday, reaching $10.05. The company’s stock had a trading volume of 2,044,900 shares, compared to its average volume of 2,547,083. Vonage Holdings Corp. has a 52 week low of $5.74 and a 52 week high of $10.49. The stock has a market capitalization of $2,323.30, a PE ratio of 46.18, a PEG ratio of 7.21 and a beta of -0.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.63 and a current ratio of 0.64.

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

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About Vonage

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.

Institutional Ownership by Quarter for Vonage (NYSE:VG)

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