Jefferies Financial Group Weighs in on Vonage Holdings Corp.’s Q3 2021 Earnings (NASDAQ:VG)


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Vonage Holdings Corp. (NASDAQ:VG) – Jefferies Financial Group reduced their Q3 2021 earnings per share (EPS) estimates for shares of Vonage in a research note issued on Monday, January 11th. Jefferies Financial Group analyst S. Samana now anticipates that the company will earn ($0.01) per share for the quarter, down from their prior estimate of $0.04. Jefferies Financial Group also issued estimates for Vonage’s FY2022 earnings at $0.15 EPS.

Vonage (NASDAQ:VG) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $316.65 million during the quarter, compared to the consensus estimate of $308.56 million. Vonage had a positive return on equity of 6.18% and a negative net margin of 2.92%.

VG has been the topic of a number of other reports. ValuEngine cut shares of Vonage from a “buy” rating to a “hold” rating in a report on Friday, November 6th. Zacks Investment Research upgraded Vonage from a “sell” rating to a “hold” rating in a research note on Wednesday, October 14th. BidaskClub downgraded Vonage from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th. Finally, Rosenblatt Securities boosted their target price on Vonage from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Vonage currently has an average rating of “Buy” and an average price target of $13.88.

Shares of VG stock opened at $13.52 on Thursday. The company has a fifty day moving average price of $13.31 and a two-hundred day moving average price of $12.24. Vonage has a one year low of $4.18 and a one year high of $14.20. The stock has a market cap of $3.36 billion, a P/E ratio of -90.13, a P/E/G ratio of 14.62 and a beta of 0.52. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.83 and a quick ratio of 0.83.

In related news, insider Vinod Lala sold 37,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $13.40, for a total value of $502,500.00. Following the sale, the insider now directly owns 193,501 shares of the company’s stock, valued at $2,592,913.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey A. Citron sold 25,000 shares of Vonage stock in a transaction on Wednesday, December 9th. The shares were sold at an average price of $13.32, for a total transaction of $333,000.00. Following the completion of the transaction, the director now owns 8,731,194 shares in the company, valued at approximately $116,299,504.08. The disclosure for this sale can be found here. In the last three months, insiders sold 162,500 shares of company stock valued at $2,049,500. 6.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Intrust Bank NA increased its position in shares of Vonage by 6.4% in the third quarter. Intrust Bank NA now owns 13,486 shares of the company’s stock worth $138,000 after acquiring an additional 817 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Vonage by 0.4% during the third quarter. California State Teachers Retirement System now owns 350,628 shares of the company’s stock worth $3,587,000 after purchasing an additional 1,403 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Vonage by 3.0% in the second quarter. Stephens Inc. AR now owns 62,915 shares of the company’s stock worth $633,000 after buying an additional 1,861 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Vonage by 24.6% in the second quarter. PNC Financial Services Group Inc. now owns 13,642 shares of the company’s stock worth $137,000 after buying an additional 2,692 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Vonage by 3.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 94,164 shares of the company’s stock valued at $963,000 after buying an additional 2,800 shares in the last quarter. 88.33% of the stock is currently owned by institutional investors and hedge funds.

Vonage Company Profile

Vonage Holdings Corp. provides cloud communications services for businesses and consumers. It operates through two segments, Business and Consumer. The Business segment offers cloud-based applications comprising integrated voice, text, video, data, collaboration, and mobile applications over SIP based VoIP network; API solutions designed to enhance the way businesses communicate with their customers by embedding communications into apps, websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services.

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