News stories about Vonage (NYSE:VG) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vonage earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.1314066432944 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
A number of equities research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price (up from $9.50) on shares of Vonage in a report on Wednesday, November 8th. Citigroup reissued a “buy” rating and set a $11.00 target price on shares of Vonage in a report on Wednesday, November 8th. They noted that the move was a valuation call. Craig Hallum reissued a “buy” rating and set a $11.00 target price (up from $10.00) on shares of Vonage in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Vonage from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Saturday, November 11th. Finally, Robert W. Baird reissued a “buy” rating and set a $11.00 target price on shares of Vonage in a report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.41.
Shares of Vonage (NYSE:VG) opened at $10.62 on Wednesday. Vonage has a 1-year low of $5.74 and a 1-year high of $11.65. The company has a current ratio of 0.67, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2,353.03, a P/E ratio of -66.38, a price-to-earnings-growth ratio of 5.56 and a beta of 0.09.
Vonage (NYSE:VG) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). Vonage had a negative net margin of 3.39% and a positive return on equity of 14.13%. The firm had revenue of $254.00 million during the quarter, compared to the consensus estimate of $254.19 million. During the same period in the prior year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. equities analysts predict that Vonage will post 0.37 earnings per share for the current fiscal year.
In other Vonage news, Director Jeffrey A. Citron sold 238,303 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $10.07, for a total transaction of $2,399,711.21. Following the transaction, the director now owns 10,680,286 shares in the company, valued at $107,550,480.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey A. Citron sold 138,303 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $10.14, for a total transaction of $1,402,392.42. Following the transaction, the director now owns 10,676,047 shares in the company, valued at approximately $108,255,116.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,959,942 shares of company stock worth $20,114,569. 14.05% of the stock is owned by insiders.
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.