Vonage Holdings (NYSE:VG) has climbed 16.52% in the past week and advanced 29.29% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 17.92% and the outperformance has advanced to 28.11% for the last 4 weeks period.
Vonage Holdings (NYSE:VG): The stock opened at $5.46 on Friday but the bulls could not build on the opening and the stock topped out at $5.47 for the day. The stock traded down to $5.36 during the day, due to lack of any buying support eventually closed down at $5.43 with a loss of -0.37% for the day. The stock had closed at $5.45 on the previous day. The total traded volume was 3,966,836 shares.
The company shares have rallied 11.50% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $7.42 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $4.52 and the 200 Day Moving Average price is recorded at $4.95.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Network Officer) of Vonage Holdings Corp, Graham Mcgonigal had sold 150,994 shares worth of $792,719 in a transaction dated June 14, 2016. In this transaction, 150,994 shares were sold at $5.25 per share.
Many analysts have stated their opinion on the company shares. Brokerage firm Citigroup upgrades its rating on Vonage Holdings (NYSE:VG). As per the latest information, the brokerage house raises the price target to $8 per share from a prior target of $4.75. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 14.59% of Vonage Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 151.11% . Institutional Investors own 78.79% of Vonage Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 54.98%.
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.