Jeffrey A. Citron Sells 83,332 Shares of Vonage Holdings Corp. (VG) Stock
Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron sold 83,332 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $9.21, for a total value of $767,487.72. Following the transaction, the director now directly owns 8,558,801 shares in the company, valued at approximately $78,826,557.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE VG opened at $9.14 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.74 and a current ratio of 0.75. Vonage Holdings Corp. has a 52-week low of $7.91 and a 52-week high of $14.73. The stock has a market cap of $2.20 billion, a P/E ratio of 32.64, a P/E/G ratio of 7.08 and a beta of 0.33.
Vonage (NYSE:VG) last released its quarterly earnings results on Friday, November 2nd. The technology company reported $0.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.09. Vonage had a positive return on equity of 17.66% and a negative net margin of 1.22%. The firm had revenue of $261.53 million for the quarter, compared to analyst estimates of $263.91 million. During the same quarter last year, the company posted $0.07 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Analysts predict that Vonage Holdings Corp. will post 0.35 earnings per share for the current fiscal year.
VG has been the topic of a number of research reports. Zacks Investment Research raised Vonage from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. ValuEngine lowered Vonage from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 1st. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Vonage in a report on Monday, January 7th. Dougherty & Co reissued a “buy” rating and set a $19.00 price target on shares of Vonage in a report on Thursday, November 29th. Finally, Stephens initiated coverage on Vonage in a report on Thursday, January 3rd. They set an “overweight” rating and a $14.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.83.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://theolympiareport.com/2019/01/12/jeffrey-a-citron-sells-83332-shares-of-vonage-holdings-corp-vg-stock.html.
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.
Recommended Story: Cost of Equity For A Business, Investors
Receive News & Ratings for Vonage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vonage and related companies with MarketBeat.com's FREE daily email newsletter.