Northland Securities analyst Michael Latimore maintained a Buy rating on Vonage Holdings (VG – Research Report) today and set a price target of $18.00. The company’s shares closed last Monday at $12.01.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 8.1% and a 50.9% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vonage Holdings with a $16.80 average price target, implying a 37.8% upside from current levels. In a report issued on September 17, Stephens also reiterated a Buy rating on the stock with a $17.00 price target.
Vonage Holdings’ market cap is currently $2.91B and has a P/E ratio of 472.83. The company has a Price to Book ratio of 5.21.
Based on the recent corporate insider activity of 72 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.
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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.