What You Need To Know About Vonage Holdings Corp. (VG)

Vonage Holdings Corp. (NASDAQ:VG) finished Thursday with an addition of $0.5 to close at $15.87, an upside of 3.25 percent. An average of 2,134,140 shares of common stock have been traded in the last five days. There was a fall of -$0.25 in the past week. The last 20 days have seen an average of 2,377,660 shares traded, while the 50-day average volume stands at 2,221,376.

VG stock has increased by 6.87% in the last month. The company shares reached their 1-month lowest point of $14.31 on 09/10/21. With the stock rallying to its 52-week high on 09/17/21, shares of the company touched a low of $10.12 and a high of $16.65 in 52 weeks. In spite of this, the price is down -4.68% from the 52-week high.


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Insider Transactions

25 days have passed since Vonage Holdings Corp. (VG) last reported insider trading activity. LALA VINOD, who is Chief Strategy Officer, most recently acquired $43,109 shares at $16.25 per share on Sep 13. In this transaction, the insider spent $700,521. Director, Citron Jeffrey A, disposed of 81,900 shares at a price of $15.35 on Sep 13. The insider now owns more than $1,257,510 worth of shares. Prior to that, Director Citron Jeffrey A went on to Sale 18,100 shares at $15.00 each on Sep 07. An amount of $271,500 was transacted.

Valuation Metrics

Vonage Holdings Corp. (VG) has a trailing price-to-earnings (P/E) ratio of 17.20 for the broader industry and 30.72 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Vonage Holdings Corp.’s PE ratio has ranged between 491.72 and 60.29. The stock’s beta is 0.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.97, the price-to-book (PB) ratio at 6.45, and the price-to-cash flow ratio at 31.63.

Further, the company has a long term debt to equity ratio of 0.76 and a total debt to equity ratio of 0.76 For the recent quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 53.40% against a 5-year average of 58.9%. Vonage Holdings Corp.’s EBITDA margin for the year ending June 29 is 8.41%, while its operating margin for the same period stands at 0.80%. Its gross profit as reported stood at -$0.15 million compared to revenue of $1.25 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Vonage Holdings Corp.’s return on assets was -1.70%, compared to -0.6% over the last five years. In the past year, the return on investment has been -0.40%, and the 5-year average is 0.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been -4.10% and the 5-year average holds at -1.4%. For the broader industry, ROE averaged 4.52 over the past year.

Earnings Surprise

The analyst consensus anticipated Vonage Holdings Corp.’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.05, a 25.00% surprise. For the recent quarter, EBITDA amounted to $39.31 million. Shareholders own equity worth $251.85 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Vonage Holdings Corp. (VG) price momentum. RSI 9-day as of the close on 07 October was 51.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.20%.

As of today, VG’s price is $15.99 -1.55% or -$0.25 from its 5-day moving average. VG is currently trading +9.22% higher than its 20-day SMA and +17.99% higher than its 100-day SMA. However, the stock’s current price level is +10.98% above the SMA50 and +17.47% above the SMA200.

The stochastic %K and %D were 37.66% and 48.59%, respectively, and the average true range (ATR) was 0.53. With the 14-day stochastic at 51.43% and the average true range at 0.51, the RSI (14) stands at 54.54%. The stock has reached -0.24 on the 9-day MACD Oscillator while the 14-day reading was at -0.29.

Analyst Ratings

Oppenheimer downgraded Vonage Holdings Corp. (NASDAQ: VG) to a a Perform rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for Vonage Holdings Corp. (VG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VG, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.

What is VG’s price target for the next 12 months?

Analysts predict a range of price targets between $14.00 and $21.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for Vonage Holdings Corp. (VG) stock is $17.89.

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