Vonage Holdings (NYSE:VG) shares traded 0.79% up during most recent session to reach at the closing price of $11.48. The stock exchanged hands 2.54 Million shares versus average trading capacity of 3.52 Million shares, yielding a market cap of $2.75 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $15.45 within the next 52-weeks. The mean target projections are based on 10 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Vonage Holdings (NYSE:VG) high price target of $23 and with a conservative view have low price target of $12.
“Initiates Coverage On” Vonage Holdings (NYSE:VG) in a research note issued to investors on 3/12/19 to Neutral with price target of $10.
Additionally on 1/04/19 “Initiates Coverage On” Vonage Holdings (NYSE:VG) to Overweight setting price target at $14 and on 2/22/18 “Maintained” the stock to Outperform at $12. Furthermore on 11/09/17 “Maintained” the stock to Outperform at $10.
On the other hand the company has Relative Strength Index (RSI 14) of 71.1 along with Average True Range (ATR 14) of 0.37, Consequently Vonage Holdings (NYSE:VG)’s weekly and monthly volatility is 3.34%, 3.32% respectively. The company’s beta value is at 0.52.
In terms of Buy, Sell or Hold recommendations, Vonage Holdings (NYSE:VG) has analysts’ mean recommendation of 1.6. 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 $0.02 and can go high up to $0.08. The consensus mean EPS for the current quarter is at $0.04 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.07 earnings per share for the same quarter during last year.
Previously Vonage Holdings (NYSE:VG) reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company posted an earnings surprise of 200%.
Vonage Holdings (NYSE:VG)’s revenue estimates for the current quarter are $291.15 Million according to 10 number of analysts, for the current quarter the company has high revenue estimates of $293.13 Million in contradiction of low revenue estimates of $289 Million. For the current year the company’s revenue estimates are $1.18 Billion compared to low analyst estimates of $1.17 Billion and high estimates of $1.19 Billion according to 10 number of analysts.
Currently Vonage Holdings (NYSE:VG)’s shares owned by insiders are 4.8%, whereas shares owned by institutional owners are 89.5%. However the six-month change in the insider ownership was recorded -14.8%, as well as three-month change in the institutional ownership was recorded 3.33%.
Vonage Holdings (NYSE:VG)’s trailing twelve month revenues are $1.07 Billion, whereas its price to sales ratio for the same period is 2.56. Its book value per share for the most recent quarter is $2.2 while its price to book ratio for the same period is 5.22, as for as the company’s cash per share for the most recent quarter is $0.08, however its price to cash per share ratio for the same period is 150.5. The stock has 5 year expected PEG ratio of 27.33 whereas its trailing twelve month P/E ratio is 273.33.