Vonage Holdings (NYSE:VG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.29 by 7 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating.
Other Equity analysts have also commented on the company shares. Brokerage firm Citigroup upgrades its rating on Vonage Holdings (NYSE:VG). As per the latest information, the brokerage house raises the price target to $8 per share from a prior target of $4.75. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 14, 2016.
Vonage Holdings (NYSE:VG) should head towards $6.83 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $6 per share. The higher price estimate target is at $8 according to the Analysts.
Vonage Holdings (NYSE:VG) rose 0.74% or 0.04 points on Tuesday and made its way into the gainers of the day. After trading began at $5.43 the stock was seen hitting $5.48 as a peak level and $5.41 as the lowest level. The stock ended up at $5.44. The daily volume was measured at 1,566,137 shares. The 52-week high of the share price is $7.417 and the 52-week low is $3.815. The company has a market cap of $1,161 million.
Shares of Vonage Holdings Corporation rose by 1.87% in the last five trading days and 29.52% for the last 4 weeks. Vonage Holdings Corporation is up 20.62% in the last 3-month period. Year-to-Date the stock performance stands at -5.23%.
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.