Vonage (NYSE:VG) Earns Media Sentiment Score of 0.17

Press coverage about Vonage (NYSE:VG) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Vonage earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.307911225279 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Vonage (NYSE:VG) traded down $0.01 during trading hours on Wednesday, reaching $10.92. The company’s stock had a trading volume of 2,069,831 shares, compared to its average volume of 1,921,705. The stock has a market capitalization of $2,513.10, a P/E ratio of -68.25, a P/E/G ratio of 5.94 and a beta of 0.09. Vonage has a twelve month low of $5.98 and a twelve month high of $11.65. The company has a quick ratio of 0.65, a current ratio of 0.67 and a debt-to-equity ratio of 0.45.

Vonage (NYSE:VG) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $254.00 million for the quarter, compared to the consensus estimate of $254.19 million. During the same period in the prior year, the business posted $0.03 EPS. Vonage’s quarterly revenue was up 2.9% on a year-over-year basis. analysts forecast that Vonage will post 0.37 EPS for the current year.

VG has been the subject of a number of recent research reports. ValuEngine raised Vonage from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Robert W. Baird reissued an “outperform” rating and issued a $12.00 price target (up previously from $11.00) on shares of Vonage in a research note on Thursday, February 22nd. Zacks Investment Research raised Vonage from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Saturday, January 6th. Summit Redstone reaffirmed a “hold” rating on shares of Vonage in a research note on Friday, February 9th. Finally, Needham & Company LLC increased their price target on Vonage from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $10.41.

In other Vonage news, Director Jeffrey A. Citron sold 514,913 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $10.37, for a total transaction of $5,339,647.81. Following the transaction, the director now owns 10,680,286 shares in the company, valued at approximately $110,754,565.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alan Masarek sold 165,804 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $10.29, for a total value of $1,706,123.16. Following the transaction, the chief executive officer now owns 983,423 shares in the company, valued at approximately $10,119,422.67. The disclosure for this sale can be found here. In the last three months, insiders bought 100,000 shares of company stock valued at $21,330 and sold 1,959,942 shares valued at $20,114,569. Insiders own 14.05% of the company’s stock.

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About Vonage

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.

Insider Buying and Selling by Quarter for Vonage (NYSE:VG)

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