Today it was reported that a Director at Vonage Holdings (NYSE: VG), Stephen Fisher, exercised options to sell 163,951 VG shares at $2.50 a share, for a total transaction value of $2.18M.
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Based on Vonage Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $260 million and quarterly net profit of $8.56 million. In comparison, last year the company earned revenue of $252 million and had a net profit of $4.83 million. Currently, Vonage Holdings has an average volume of 1.67M.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $15.40, reflecting a -10.3% downside.
The insider sentiment on Vonage Holdings has been neutral according to 99 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Stephen Fisher’s trades have generated a -7.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Vonage Holdings Corp. engages in the provision of communication services through cloud-connected devices. It operates through the Business and Consumer segments.
