Vonage Holdings Corp. [VG] Is Currently -1.03 below its 200 Period Moving Avg: What Dose This Mean?

Vonage Holdings Corp. [NASDAQ: VG] loss -1.03% on the last trading session, reaching $14.40 price per share at the time. The company report on July 1, 2021 that Vonage Wins Partner of the Year Award from Salesforce for Second Consecutive Year.

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Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, has been named by Salesforce.org as winner of its 2021 Cross-Industry Independent Software Vendor (ISV) Partner of the Year EMEA Award. This is the second consecutive year that Vonage has won this award.

The award recognizes firms who have demonstrated excellence in serving Salesforce not-for-profit customers, innovating and giving back.

Vonage Holdings Corp. represents 249.64 million in outstanding shares, while the company has a total market value of $3.59 billion with the latest information. VG stock price has been found in the range of $14.31 to $14.745.

If compared to the average trading volume of 2.48M shares, VG reached a trading volume of 1740269 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Vonage Holdings Corp. [VG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VG shares is $15.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VG stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Vonage Holdings Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 22, 2021. The new note on the price target was released on August 18, 2020, representing the official price target for Vonage Holdings Corp. stock. Previously, the target price had yet another raise to $12, while Rosenblatt analysts kept a Neutral rating on VG stock.

The Average True Range (ATR) for Vonage Holdings Corp. is set at 0.33, with the Price to Sales ratio for VG stock in the period of the last 12 months amounting to 2.80. The Price to Book ratio for the last quarter was 6.00, with the Price to Cash per share for the same quarter was set at 0.21. Price to Free Cash Flow for VG in the course of the last twelve months was 30.28.

Trading performance analysis for VG stock

Vonage Holdings Corp. [VG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.28. With this latest performance, VG shares gained by 3.15% in over the last four-week period, additionally plugging by 13.21% over the last 6 months – not to mention a rise of 32.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VG stock in for the last two-week period is set at 50.83, with the RSI for the last a single of trading hit 44.67, and the three-weeks RSI is set at 53.45 for Vonage Holdings Corp. [VG]. The present Moving Average for the last 50 days of trading for this stock 13.94, while it was recorded at 14.47 for the last single week of trading, and 12.87 for the last 200 days.

Vonage Holdings Corp. [VG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Vonage Holdings Corp. [VG] shares currently have an operating margin of -0.01 and a Gross Margin at +47.22. Vonage Holdings Corp.’s Net Margin is presently recorded at -2.90.

Return on Total Capital for VG is now -0.01, given the latest momentum, and Return on Invested Capital for the company is -3.22. Return on Equity for this stock declined to -6.19, with Return on Assets sitting at -2.62. When it comes to the capital structure of this company, Vonage Holdings Corp. [VG] has a Total Debt to Total Equity ratio set at 91.06. Additionally, VG Total Debt to Total Capital is recorded at 47.66, with Total Debt to Total Assets ending up at 39.32. Long-Term Debt to Equity for the company is recorded at 89.14, with the Long-Term Debt to Total Capital now at 46.66.

Reflecting on the efficiency of the workforce at the company, Vonage Holdings Corp. [VG] managed to generate an average of -$16,475 per employee. Receivables Turnover for the company is 11.44 with a Total Asset Turnover recorded at a value of 0.90.Vonage Holdings Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.90.

Vonage Holdings Corp. [VG]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vonage Holdings Corp. go to 10.00%.

An analysis of insider ownership at Vonage Holdings Corp. [VG]

There are presently around $3,366 million, or 94.20% of VG stock, in the hands of institutional investors. The top three institutional holders of VG stocks are: BLACKROCK INC. with ownership of 32,462,474, which is approximately 1.864% of the company’s market cap and around 5.30% of the total institutional ownership; VANGUARD GROUP INC, holding 25,232,716 shares of the stock with an approximate value of $363.35 million in VG stocks shares; and JANUS HENDERSON GROUP PLC, currently with $224.07 million in VG stock with ownership of nearly -2.958% of the company’s market capitalization.

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Positions in Vonage Holdings Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 118 institutional holders increased their position in Vonage Holdings Corp. [NASDAQ:VG] by around 28,596,034 shares. Additionally, 155 investors decreased positions by around 21,627,089 shares, while 31 investors held positions by with 183,543,978 shares. The mentioned changes placed institutional holdings at 233,767,101 shares, according to the latest SEC report filing. VG stock had 34 new institutional investments in for a total of 13,680,460 shares, while 42 institutional investors sold positions of 3,264,873 shares during the same period.

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