Sls Management adds Vonage Holdings Corp. (VG) to its portfolio

Vonage Holdings Corp. (VG) : Sls Management added new position in Vonage Holdings Corp. during the most recent quarter end. The investment management firm now holds 626,344 shares of Vonage Holdings Corp. which is valued at $4,046,182 , the company said in a statement filed on Nov 14, 2016 with the SEC.Vonage Holdings Corp. makes up approximately 7.20% of Sls Management’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. sold out all of its stake in VG during the most recent quarter. The investment firm sold 17,300 shares of VG which is valued $111,758.Cadence Capital Management reduced its stake in VG by selling 1,372 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 210,295 shares of VG which is valued at $1,339,579. Vonage Holdings Corp. makes up approx 0.10% of Cadence Capital Management’s portfolio.Alliancebernstein boosted its stake in VG in the latest quarter, The investment management firm added 279,970 additional shares and now holds a total of 971,200 shares of Vonage Holdings Corp. which is valued at $6,186,544. Vonage Holdings Corp. makes up approx 0.01% of Alliancebernstein’s portfolio. Campbell Co Investment Adviser sold out all of its stake in VG during the most recent quarter. The investment firm sold 13,862 shares of VG which is valued $85,390.

Vonage Holdings Corp. closed down -0.04 points or -0.61% at $6.56 with 19,27,785 shares getting traded on Monday. Post opening the session at $6.61, the shares hit an intraday low of $6.52 and an intraday high of $6.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Vonage Holdings Corp. reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.05. The company had revenue of $248.40 million for the quarter, compared to analysts expectations of $246.92 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on Vonage Holdings Corp.. Company shares were Reiterated by Needham on Sep 26, 2016 to “Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .Robert W. Baird Initiated Vonage Holdings Corp. on Sep 14, 2016 to “Outperform”, Price Target of the shares are set at $8.Company shares were Reiterated by Dougherty & Company on Sep 12, 2016 to “Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Vonage Holdings Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Vonage Holdings Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.