Vonage Holdings Corp. (VG) : Dialectic Capital Management Lp scooped up 571,754 additional shares in Vonage Holdings Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 824,870 shares of Vonage Holdings Corp. which is valued at $4,627,521.Vonage Holdings Corp. makes up approximately 4.19% of Dialectic Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Campbell Co Investment Adviser added VG to its portfolio by purchasing 13,862 company shares during the most recent quarter which is valued at $77,766. Vonage Holdings Corp. makes up approx 0.38% of Campbell Co Investment Adviser’s portfolio.Nuveen Asset Management reduced its stake in VG by selling 570 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 12,007 shares of VG which is valued at $67,359. Stevens Capital Management Lp sold out all of its stake in VG during the most recent quarter. The investment firm sold 29,085 shares of VG which is valued $163,167. Financial Architects Inc added VG to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $5,760.1st 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.