Vonage Holdings Corp (NYSE:VG) Institutional Investors Sentiment Change

April 16, 2018 - By Adrian Mccoy

Vonage Holdings Corp. (NYSE:VG) Logo

Sentiment for Vonage Holdings Corp (NYSE:VG)

Vonage Holdings Corp (NYSE:VG) institutional sentiment increased to 1.4 in Q4 2017. Its up 0.07, from 1.33 in 2017Q3. The ratio is positive, as 118 institutional investors increased and opened new equity positions, while 84 decreased and sold their positions in Vonage Holdings Corp. The institutional investors in our partner’s database now hold: 186.23 million shares, up from 181.10 million shares in 2017Q3. Also, the number of institutional investors holding Vonage Holdings Corp in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 16 Reduced: 68 Increased: 76 New Position: 42.

Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. The company has market cap of $2.51 billion. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Essential services. It currently has negative earnings. The firm also provides home telephone replacement services through various service plans with basic features, such as voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail.

The stock increased 1.69% or $0.18 during the last trading session, reaching $10.86. About 269,707 shares traded. Vonage Holdings Corp. (NYSE:VG) has risen 69.94% since April 16, 2017 and is uptrending. It has outperformed by 58.39% the S&P500.

Analysts await Vonage Holdings Corp. (NYSE:VG) to report earnings on May, 8. They expect $0.07 earnings per share, up 16.67 % or $0.01 from last year’s $0.06 per share. VG’s profit will be $16.18 million for 38.79 P/E if the $0.07 EPS becomes a reality. After $0.08 actual earnings per share reported by Vonage Holdings Corp. for the previous quarter, Wall Street now forecasts -12.50 % negative EPS growth.

Adirondack Research & Management Inc. holds 3.19% of its portfolio in Vonage Holdings Corp. for 798,748 shares. Southpoint Capital Advisors Lp owns 5.00 million shares or 2.42% of their US portfolio. Moreover, Millrace Asset Group Inc. has 2.16% invested in the company for 220,758 shares. The California-based Intel Corp has invested 1.95% in the stock. First Washington Corp, a Washington-based fund reported 391,930 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 8 sales for $22.12 million activity.

Vonage Holdings Corp. (NYSE:VG) Ratings Coverage

Ratings analysis reveals 100% of Vonage Holdings’s analysts are positive. Out of 6 Wall Street analysts rating Vonage Holdings, 6 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $9.0 while the high is $12.0. The stock’s average target of $11.30 is 4.05% above today’s ($10.86) share price. VG was included in 10 notes of analysts from October 19, 2017. Needham maintained Vonage Holdings Corp. (NYSE:VG) rating on Monday, December 11. Needham has “Buy” rating and $12.0 target. Needham maintained the stock with “Buy” rating in Wednesday, November 8 report. On Thursday, February 22 the stock rating was maintained by Northland Capital with “Buy”. Robert W. Baird maintained Vonage Holdings Corp. (NYSE:VG) on Thursday, October 19 with “Buy” rating. The rating was maintained by William Blair on Thursday, February 22 with “Buy”. The rating was maintained by Robert W. Baird on Wednesday, January 3 with “Buy”. The company was maintained on Tuesday, November 7 by Craig Hallum. Oppenheimer maintained the stock with “Outperform” rating in Thursday, November 9 report. The rating was maintained by William Blair with “Buy” on Wednesday, November 8. The rating was maintained by Robert W. Baird on Thursday, February 22 with “Outperform”.

Vonage Holdings Corp. (NYSE:VG) Institutional Positions Chart

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