Analyst Price Target Update on Vonage Holdings (NYSE:VG)

Vonage Holdings (NYSE:VG): The mean short term price target for Vonage Holdings (NYSE:VG) has been established at $6.83 per share. The higher price target estimate is at $8 and the lower price target estimate is expected at $6 according to 6 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.75

Many analysts have stated their opinion on the company shares. Summit Research initiates coverage on Vonage Holdings (NYSE:VG).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Summit Research announces the price target of $6 per share. The rating by the firm was issued on March 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Masarek Alan, CEO of Vonage Holdings Corp, had purchased 126,460 shares on May 12, 2016. The total value of the transaction was $494,459. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Vonage Holdings (NYSE:VG) : On Monday heightened volatility was witnessed in Vonage Holdings (NYSE:VG) which led to swings in the share price. The stock opened for trading at $4.61 and hit $4.79 on the upside , eventually ending the session at $4.74, with a gain of 1.72% or 0.08 points. The heightened volatility saw the trading volume jump to 1,546,425 shares. The 52-week high of the share price is $7.417 and the company has a market cap of $1,012 million. The 52-week low of the share price is at $3.815 .

Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions, connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology, it offers voice and messaging services, and other features around the world on various devices. This platform enables a user via a single identity, either a number or user name, to access and utilize services and features by being connected to the Internet over third generation (3G), Long-Term Evolution (LTE), cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States, the United Kingdom, Brazil, Israel and Canada. Its brand, BasicTalk, is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers, and small and medium businesses.

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