Vonage Holdings Corp. Common St (NYSE:VG):
Vonage Granted 19 New Patents.
The company is now down since yesterday’s close of $7.065.
Company chares are trading at $6.96 which is slightly above the 50 day moving average of $6.43 and which is just over the 200 day moving average of $5.56. The 50 day moving average went up $0.53 or +8.27% whereas the 200 day moving average was up $1.40 or +25.13%.
The most current P/E ratio is 77.33 and market cap is 1.51B. As of the latest earnings report the EPS was $0.07 and is estimated to be $0.32 for the current year with 217,000,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.06 and the next full year EPS is anticipated to be $0.27.
Wall Street investment firms have released opinions on the company recently. Equity analyst Baird released its first research report on the stock with an initial rating of “Outperform” and price target of $8.00. Equity analyst Citigroup upgraded the stock and raised the price target on June 14 boosting the price target from $4.75 to $8.00 and moving the rating from “Neutral” to “Buy”.
On June 14 the company was upgraded to “Buy” from “Neutral” with a current price target of $8.00 by Citigroup. On March 8, 2016 Summit Research starting coverage on VG setting a rating of “Hold” and a price target of $6.00.
February 12 investment analysts at Oppenheimer made no change to the stock rating of “Outperform” but lowered the price target from $8.00 to $6.50. On February 12, 2016 the stock rating was rated “Outperform” by FBN Securities up from the previous “Sector Perform” rating.