Vonage Holdings (VG – Research Report) received a Hold rating from Barclays analyst Ryan MacWilliams on November 23. The company’s shares closed last Wednesday at $20.66, close to its 52-week high of $20.82.
According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of 27.9% and a 74.5% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Zoom Video Communications, and Avaya Holdings.
Vonage Holdings has an analyst consensus of Hold, with a price target consensus of $21.00, implying a 1.7% upside from current levels. In a report issued on November 22, Colliers Securities also downgraded the stock to Hold.
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Vonage Holdings’ market cap is currently $5.22B and has a P/E ratio of -289.50. The company has a Price to Book ratio of -19.84.
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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. 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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