Morgan Stanley Keeps Their Buy Rating on Vonage Holdings (VG)


In a report released today, Meta Marshall from Morgan Stanley maintained a Buy rating on Vonage Holdings (VG), with a price target of $13.00. The company’s shares closed last Friday at $12.59, close to its 52-week high of $13.75.

According to TipRanks.com, Marshall is a 4-star analyst with an average return of 15.3% and a 61.8% success rate. Marshall covers the Technology sector, focusing on stocks such as Zoom Video Communications, CommScope Holding, and Avaya Holdings.

Currently, the analyst consensus on Vonage Holdings is a Strong Buy with an average price target of $13.70, which is a 9.7% upside from current levels. In a report issued on July 30, Citigroup also maintained a Buy rating on the stock with a $13.50 price target.

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The company has a one-year high of $13.75 and a one-year low of $4.18. Currently, Vonage Holdings has an average volume of 3.17M.

Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Vonage Holdings Corp. engages in the provision of communication services through cloud-connected devices. It operates through the Business and Consumer segments. The Business segment provides cloud-based Unified Communications as a Service (UCaaS) solutions, which comprises of integrated voice, text, video, data, collaboration, and mobile applications over its scalable Session Initiation Protocol based Voice over Internet Protocol network. The Consumer segment offers UCaaS services and features, via a single identity. The company was founded by Jeffrey Adam Citron on May 1, 2000 and is headquartered in Holmdel, NJ.

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