Vonage Holdings Corp (NYSE:VG) Receives A “Buy” Rating


Dallas, Texas 03/25/2014 (FINANCIALSTRENDS) –  Director of Vonage Holdings Corp (NYSE:VG), Jeffrey A. Citron offloaded 500,000 shares of the company stock in the open market in the transaction that was dated 19 March . These shares were sold-off at an average-price of $4.47, and the value of the total transaction was $2,235,000.00. Post this transaction, Citron now directly-owns 16,849,409 shares of Vonage Holdings Corp (NYSE:VG) stock, valued at around $75,316,858. This sale was disclosed by the company in the SEC filing. Recently, numerous analysts have commented on the Vonage Holdings Corp (NYSE:VG) stock. EVA Dimensions analysts have upgraded the company shares from an “underweight” to a “hold” rating in the research note on 7 March.

Separately, analysts at the Dougherty & Co firm initiated their coverage on Vonage Holdings Corp (NYSE:VG) shares in the research note on 3 February. They assigned a rating of “buy” and a price target of $7.00 on the stock. Finally, Northland Securities analysts initiated their coverage on Vonage Holdings Corp (NYSE:VG) shares in the research note on 30 January 30th. They have set a rating of “outperform” on the stock and a price target of $5.50 on the stock. Two research- analysts have rated the Vonage Holdings Corp (NYSE:VG) stock with a “hold” rating and 6 have assigned a “buy” rating to the Vonage Holdings Corp (NYSE:VG) stock. Currently, the average rating on the company is a “buy” and the average price target is $5.62.

Vonage Holdings Corp (NYSE:VG) last released the company’s earnings-data on 11 February. The company reported earnings per share of $0.05 for the quarter, which beat the average analysts’ projection of $0.04 by $0.01. Vonage Holdings Corp (NYSE:VG) had revenue of $211.00M for the quarter, in comparison to the average projection of $210.98 million. In the same quarter of the previous year, Vonage Holdings Corp (NYSE:VG) posted earnings per share of $0.10.

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