Emancipation Management buys $2,444,148 stake in Vonage Holdings Corp. (VG)

Vonage Holdings Corp. (VG) : Emancipation Management scooped up 40,500 additional shares in Vonage Holdings Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 435,677 shares of Vonage Holdings Corp. which is valued at $2,444,148.Vonage Holdings Corp. makes up approximately 3.03% of Emancipation Management’s portfolio.

Other Hedge Funds, Including , Grantham Mayo Van Otterloo reduced its stake in VG by selling 4,225 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 221,075 shares of VG which is valued at $1,240,231.Blackrock Investment Management boosted its stake in VG in the latest quarter, The investment management firm added 84,882 additional shares and now holds a total of 780,101 shares of Vonage Holdings Corp. which is valued at $4,376,367. Vonage Holdings Corp. makes up approx 0.01% of Blackrock Investment Management’s portfolio. Huntington National Bank added VG to its portfolio by purchasing 4,815 company shares during the most recent quarter which is valued at $27,734.Acadian Asset Management reduced its stake in VG by selling 104,531 shares or 15.05% in the most recent quarter. The Hedge Fund company now holds 590,093 shares of VG which is valued at $3,457,945. Vonage Holdings Corp. makes up approx 0.02% of Acadian Asset Management’s portfolio.Nordea Investment Management Ab boosted its stake in VG in the latest quarter, The investment management firm added 299,700 additional shares and now holds a total of 823,167 shares of Vonage Holdings Corp. which is valued at $4,823,759. Vonage Holdings Corp. makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.

Vonage Holdings Corp. opened for trading at $5.92 and hit $5.99 on the upside on Monday, eventually ending the session at $5.98, with a gain of 0.67% or 0.04 points. The heightened volatility saw the trading volume jump to 17,82,785 shares. Company has a market cap of $1,294 M.

On the company’s financial health, Vonage Holdings Corp. reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.07. The company had revenue of $233.70 million for the quarter, compared to analysts expectations of $226.80 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Vonage Holdings Corp.. Company shares were Reiterated by Dougherty & Company on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 8 from a previous price target of $6 .Company shares were Reiterated by Needham on Jun 28, 2016 to “Buy”, Firm has raised the Price Target to $ 8 from a previous price target of $6 .Vonage Holdings Corp. was Upgraded by Citigroup to ” Buy” on Jun 14, 2016.

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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