In a report released today, Ryan MacWilliams from Stephens assigned a Buy rating to Vonage Holdings (VG), with a price target of $15.00. The company’s shares closed last Monday at $7.46, close to its 52-week low of $7.16.
According to TipRanks.com, MacWilliams is a 1-star analyst with an average return of -8.5% and a 44.4% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Everbridge.
Vonage Holdings has an analyst consensus of Strong Buy, with a price target consensus of $13.94, representing a 92.3% upside. In a report issued on November 6, Needham also maintained a Buy rating on the stock with a $14.00 price target.
See today’s analyst top recommended stocks >>
Based on Vonage Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $21.1 million. In comparison, last year the company had a net profit of $9.59 million.
Based on the recent corporate insider activity of 74 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.
Read More on VG:
