Valtura Capital Partners adds Vonage Holdings Corp. (VG) to its portfolio

Vonage Holdings Corp. (VG) : Valtura Capital Partners added new position in Vonage Holdings Corp. during the most recent quarter end. The investment management firm now holds 720,303 shares of Vonage Holdings Corp. which is valued at $4,040,900 , the company said in a statement filed on Aug 15, 2016 with the SEC.Vonage Holdings Corp. makes up approximately 15.08% of Valtura Capital Partners’s portfolio.

Other Hedge Funds, Including , Millrace Asset Group sold out all of its stake in VG during the most recent quarter. The investment firm sold 126,516 shares of VG which is valued $709,755.Argent Capital Management boosted its stake in VG in the latest quarter, The investment management firm added 48,400 additional shares and now holds a total of 271,225 shares of Vonage Holdings Corp. which is valued at $1,526,997. Vonage Holdings Corp. makes up approx 0.06% of Argent Capital Management’s portfolio.California State Teachers Retirement System boosted its stake in VG in the latest quarter, The investment management firm added 7,503 additional shares and now holds a total of 400,757 shares of Vonage Holdings Corp. which is valued at $2,444,618. Vonage Holdings Corp. makes up approx 0.01% of California State Teachers Retirement System’s portfolio.1st Global Advisors boosted its stake in VG in the latest quarter, The investment management firm added 5,169 additional shares and now holds a total of 50,995 shares of Vonage Holdings Corp. which is valued at $299,341. Vonage Holdings Corp. makes up approx 0.04% of 1st Global Advisors’s portfolio.

Vonage Holdings Corp. closed down -0.03 points or -0.52% at $5.78 with 34,17,708 shares getting traded on Thursday. Post opening the session at $5.77, the shares hit an intraday low of $5.67 and an intraday high of $5.81 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Vonage Holdings Corp. reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.07. The company had revenue of $233.70 million for the quarter, compared to analysts expectations of $226.80 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Vonage Holdings Corp.. Company shares were Reiterated by Dougherty & Company on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 8 from a previous price target of $6 .Company shares were Reiterated by Needham on Jun 28, 2016 to “Buy”, Firm has raised the Price Target to $ 8 from a previous price target of $6 .Vonage Holdings Corp. was Upgraded by Citigroup to ” Buy” on Jun 14, 2016.

Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology it offers voice and messaging services and other features around the world on various devices. This platform enables a user via a single identity either a number or user name to access and utilize services and features by being connected to the Internet over third generation (3G) Long-Term Evolution (LTE) cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States the United Kingdom Brazil Israel and Canada. Its brand BasicTalk is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers and small and medium businesses.

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