Rice Hall James & Associates LLC Has $1.53 Million Stake in Vonage Holdings Corp. (VG)

Rice Hall James & Associates LLC lessened its position in Vonage Holdings Corp. (NYSE:VG) by 55.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,235 shares of the technology company’s stock after selling 134,243 shares during the period. Rice Hall James & Associates LLC’s holdings in Vonage were worth $1,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Vonage by 13.3% during the 2nd quarter. BlackRock Inc. now owns 30,970,520 shares of the technology company’s stock worth $399,210,000 after buying an additional 3,641,447 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Vonage by 12.2% during the 2nd quarter. First Trust Advisors LP now owns 8,924,929 shares of the technology company’s stock worth $115,042,000 after buying an additional 972,857 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Vonage by 238.6% during the 2nd quarter. Glenmede Trust Co. NA now owns 3,950,418 shares of the technology company’s stock worth $50,920,000 after buying an additional 2,783,664 shares during the last quarter. Rothschild Asset Management Inc. lifted its stake in shares of Vonage by 11.9% during the 2nd quarter. Rothschild Asset Management Inc. now owns 3,005,356 shares of the technology company’s stock worth $38,739,000 after buying an additional 320,074 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Vonage by 8.0% during the 2nd quarter. Northern Trust Corp now owns 2,866,872 shares of the technology company’s stock worth $36,955,000 after buying an additional 212,850 shares during the last quarter. 85.05% of the stock is owned by institutional investors.

Shares of Vonage stock opened at $13.09 on Monday. Vonage Holdings Corp. has a twelve month low of $7.85 and a twelve month high of $14.73. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 7.21 and a beta of -0.06.



Vonage (NYSE:VG) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Vonage had a negative net margin of 1.14% and a positive return on equity of 16.92%. The business had revenue of $260.00 million during the quarter, compared to analysts’ expectations of $254.95 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business’s revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts expect that Vonage Holdings Corp. will post 0.36 EPS for the current fiscal year.

In other Vonage news, CEO Alan Masarek sold 500,000 shares of Vonage stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $14.32, for a total value of $7,160,000.00. Following the completion of the sale, the chief executive officer now owns 495,189 shares in the company, valued at approximately $7,091,106.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Levi sold 4,113 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $13.68, for a total transaction of $56,265.84. Following the completion of the transaction, the senior vice president now directly owns 4,113 shares in the company, valued at $56,265.84. The disclosure for this sale can be found here. Insiders sold a total of 2,550,893 shares of company stock valued at $35,711,797 in the last quarter. Corporate insiders own 8.70% of the company’s stock.

A number of research firms have recently issued reports on VG. William Blair restated an “outperform” rating on shares of Vonage in a research note on Monday, September 24th. Citigroup raised their target price on shares of Vonage to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Vonage from a “buy” rating to a “hold” rating in a research note on Saturday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of Vonage in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Vonage has a consensus rating of “Buy” and a consensus target price of $12.83.

Vonage Profile

Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. 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 Business Cloud and Vonage Enterprise services.

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Institutional Ownership by Quarter for Vonage (NYSE:VG)

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