Vonage Holdings (NYSE:VG) shares traded 0.14% up during most recent session to reach at the closing price of $6.96. The stock exchanged hands 4.3 Million shares versus average trading capacity of 2.3 Million shares, yielding a market cap of $1.54 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $8.5 within the next 52-weeks. The mean target projections are based on 9 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Vonage Holdings (NYSE:VG) high price target of $10 and with a conservative view have low price target of $6.5.
Baird “Initiates Coverage on” Vonage Holdings (NYSE:VG) in a research note issued to investors on 9/13/16 to Outperform with price target of $8.
Additionally on 8/03/16 Oppenheimer “Maintained” Vonage Holdings (NYSE:VG) to Outperform setting price target at $7 and on 6/14/16 Citigroup “Upgrades” the stock to Buy at $8. Furthermore on 3/08/16 Summit Research Partners “Initiates Coverage on” the stock to Hold at $6.
On the other hand the company has Relative Strength Index (RSI 14) of 54.02 along with Average True Range (ATR 14) of 0.21, Consequently Vonage Holdings (NYSE:VG)’s weekly and monthly volatility is 2.30%, 2.50% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Vonage Holdings (NYSE:VG) has analysts’ mean recommendation of 1.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Vonage Holdings (NYSE:VG)’s minimum EPS for the current quarter is at $0.03 and can go high up to $0.07. The consensus mean EPS for the current quarter is at $0.06 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.08 earnings per share for the same quarter during last year.
While considering growth estimates of the company, it has next quarter growth estimates of -12.5% whereas during current quarter it has -25% estimations over growth, comparing to the estimations of 42.1% during current year and 3.7% for next year. Past 5 years growth of Vonage Holdings (NYSE:VG) observed at -4.82%, looking forward for the next 5 years it has a strong prediction of 10% over growth.
Vonage Holdings (NYSE:VG)’s revenue estimates for the current quarter are $242.02 Million according to 9 number of analysts, for the current quarter the company has high revenue estimates of $243.9 Million in contradiction of low revenue estimates of $234.8 Million. For the current year the company’s revenue estimates are $976.6 Million compared to low analyst estimates of $971.49 Million and high estimates of $982.29 Million according to 10 number of analysts.
Currently Vonage Holdings (NYSE:VG)’s shares owned by insiders are 6.8%, whereas shares owned by institutional owners are 80.7%. However the six-month change in the insider ownership was recorded -27.32%, as well as three-month change in the institutional ownership was recorded -0.02%.
Vonage Holdings (NYSE:VG) 52-week high price stands at $7.88 and low price stands at $5.34, its price distance from 52-week high is -11.68% while its distance from 52-week low price is 30.34%. The stock hit its 52-week high on 01/13/17, and 52-week low on 06/27/16.
Vonage Holdings (NYSE:VG)’s trailing twelve month revenues are $972.1 Million, whereas its price to sales ratio for the same period is 1.59. Its book value per share for the most recent quarter is $2.02 while its price to book ratio for the same period is 3.45, as for as the company’s cash per share for the most recent quarter is $0.12, however its price to cash per share ratio for the same period is 58.23. The stock has 5 year expected PEG ratio of 10.09 whereas its trailing twelve month P/E ratio is 100.87.