Vonage Sees Unusually Large Options Volume (NYSE:VG)

Share on StockTwits

Vonage Holdings Corp. (NYSE:VG) saw some unusual options trading activity on Tuesday. Stock traders purchased 2,397 put options on the company. This represents an increase of 975% compared to the typical daily volume of 223 put options.

Shares of NYSE:VG opened at $11.49 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $2.90 billion, a P/E ratio of 35.91, a PEG ratio of 11.29 and a beta of 0.34. Vonage has a fifty-two week low of $7.91 and a fifty-two week high of $14.73.

Vonage (NYSE:VG) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $280.00 million for the quarter, compared to the consensus estimate of $277.82 million. Vonage had a net margin of 0.99% and a return on equity of 12.11%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. On average, analysts forecast that Vonage will post 0.21 EPS for the current fiscal year.

In other Vonage news, President Omar Muhammad Javaid sold 140,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $11.83, for a total transaction of $1,656,200.00. Following the transaction, the president now directly owns 361,171 shares in the company, valued at approximately $4,272,652.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David T. Pearson sold 9,250 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $11.70, for a total transaction of $108,225.00. Following the transaction, the chief financial officer now owns 320,946 shares in the company, valued at $3,755,068.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 880,419 shares of company stock worth $9,350,433. Corporate insiders own 7.41% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Vonage by 2.4% during the 4th quarter. BlackRock Inc. now owns 32,275,483 shares of the technology company’s stock worth $281,766,000 after buying an additional 756,455 shares during the period. First Trust Advisors LP raised its holdings in Vonage by 2.5% during the 1st quarter. First Trust Advisors LP now owns 8,786,159 shares of the technology company’s stock worth $88,213,000 after buying an additional 217,289 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vonage by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,776,828 shares of the technology company’s stock worth $59,161,000 after buying an additional 111,267 shares during the period. J. Goldman & Co LP acquired a new stake in Vonage during the 1st quarter worth approximately $37,372,000. Finally, Norges Bank acquired a new stake in Vonage during the 4th quarter worth approximately $31,218,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

VG has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Vonage in a research report on Friday, May 31st. They issued a “buy” rating and a $15.00 price target on the stock. Stephens reiterated a “buy” rating on shares of Vonage in a research report on Monday, April 29th. Zacks Investment Research upgraded shares of Vonage from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Summit Insights reiterated a “hold” rating on shares of Vonage in a research report on Thursday, April 4th. Finally, Guggenheim initiated coverage on shares of Vonage in a research report on Monday, March 11th. They issued a “neutral” rating and a $10.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.83.

WARNING: This article was published by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://weekherald.com/2019/06/13/vonage-sees-unusually-large-options-volume-nysevg.html.

About Vonage

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 Unified Communications as a Service solutions, such as integrated voice, text, video, data, collaboration, contact center, and mobile applications through flexible, scalable Session Initiation protocol based VoIP network; Communications Platform as a Service solutions to developers designed to enhance the businesses communicate with customers by embedding communications into apps, Websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services.

See Also: Why are analyst ratings important in trading stocks?

Receive News & Ratings for Vonage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vonage and related companies with MarketBeat.com's FREE daily email newsletter.

Vonage Sees Unusually Large Options Volume (NYSE:VG)

Share on StockTwits

Vonage Holdings Corp. (NYSE:VG) saw some unusual options trading activity on Tuesday. Stock traders purchased 2,397 put options on the company. This represents an increase of 975% compared to the typical daily volume of 223 put options.

Shares of NYSE:VG opened at $11.49 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $2.90 billion, a P/E ratio of 35.91, a PEG ratio of 11.29 and a beta of 0.34. Vonage has a fifty-two week low of $7.91 and a fifty-two week high of $14.73.

Vonage (NYSE:VG) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $280.00 million for the quarter, compared to the consensus estimate of $277.82 million. Vonage had a net margin of 0.99% and a return on equity of 12.11%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. On average, analysts forecast that Vonage will post 0.21 EPS for the current fiscal year.

In other Vonage news, President Omar Muhammad Javaid sold 140,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $11.83, for a total transaction of $1,656,200.00. Following the transaction, the president now directly owns 361,171 shares in the company, valued at approximately $4,272,652.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David T. Pearson sold 9,250 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $11.70, for a total transaction of $108,225.00. Following the transaction, the chief financial officer now owns 320,946 shares in the company, valued at $3,755,068.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 880,419 shares of company stock worth $9,350,433. Corporate insiders own 7.41% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Vonage by 2.4% during the 4th quarter. BlackRock Inc. now owns 32,275,483 shares of the technology company’s stock worth $281,766,000 after buying an additional 756,455 shares during the period. First Trust Advisors LP raised its holdings in Vonage by 2.5% during the 1st quarter. First Trust Advisors LP now owns 8,786,159 shares of the technology company’s stock worth $88,213,000 after buying an additional 217,289 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vonage by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,776,828 shares of the technology company’s stock worth $59,161,000 after buying an additional 111,267 shares during the period. J. Goldman & Co LP acquired a new stake in Vonage during the 1st quarter worth approximately $37,372,000. Finally, Norges Bank acquired a new stake in Vonage during the 4th quarter worth approximately $31,218,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

VG has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Vonage in a research report on Friday, May 31st. They issued a “buy” rating and a $15.00 price target on the stock. Stephens reiterated a “buy” rating on shares of Vonage in a research report on Monday, April 29th. Zacks Investment Research upgraded shares of Vonage from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Summit Insights reiterated a “hold” rating on shares of Vonage in a research report on Thursday, April 4th. Finally, Guggenheim initiated coverage on shares of Vonage in a research report on Monday, March 11th. They issued a “neutral” rating and a $10.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.83.

WARNING: This article was published by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://weekherald.com/2019/06/13/vonage-sees-unusually-large-options-volume-nysevg.html.

About Vonage

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 Unified Communications as a Service solutions, such as integrated voice, text, video, data, collaboration, contact center, and mobile applications through flexible, scalable Session Initiation protocol based VoIP network; Communications Platform as a Service solutions to developers designed to enhance the businesses communicate with customers by embedding communications into apps, Websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services.

See Also: Why are analyst ratings important in trading stocks?

Receive News & Ratings for Vonage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vonage and related companies with MarketBeat.com's FREE daily email newsletter.