Vonage Holdings (VG) : Zacks Investment Research ranks Vonage Holdings (VG) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.5, which indicates as a Strong Buy.
Vonage Holdings (VG) : Currently there are 7 street experts covering Vonage Holdings (VG) stock. The most bullish and bearish price target for the stock is $8 and $7 respectively for the short term. The average price target of all the analysts comes to $7.49. The estimated standard deviation from the target is $0.58.
For the current week, the company shares have a recommendation consensus of Buy. Vonage Holdings (NYSE:VG): The stock opened at $5.73 on Thursday but the bulls could not build on the opening and the stock topped out at $5.76 for the day. The stock traded down to $5.60 during the day, due to lack of any buying support eventually closed down at $5.63 with a loss of -1.75% for the day. The stock had closed at $5.73 on the previous day. The total traded volume was 1,776,816 shares.
In a related news, Citron Jeffrey A, director 10% owner of Vonage Holdings Corp, unloaded 101,640 shares at an average price of $6.04 on July 19, 2016. The total amount of the transaction was worth $613,906, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.