The shares of Vonage Holdings Corp. (NYSE:VG) has been pegged with a rating of Neutral by Guggenheim in its latest research note that was published on March 12th, 2019. Guggenheim wasn’t the only research firm that published a report of Vonage Holdings Corp., with other equities research analysts also giving their opinion on the stock. Needham advised investors in its research note published on January 7th, 2019, to Buy the VG stock while also putting a $14 price target. The stock had earned Overweight rating from Stephens when it published its report on January 4th, 2019. The stock was given Buy rating by Dougherty & Company in its report released on November 29th, 2018, the day when the price target on the stock was placed at $19. William Blair was of a view that VG is Outperform in its latest report on September 24th, 2018. Needham thinks that VG is worth Buy rating. This was contained in the firm’s report on August 2nd, 2018 in which the stock’s price target was also moved to $15.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $15.83. The price of the stock the last time has raised by 28.24% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 57.05.
The shares of the company dipped by -0.20% during the trading session on Thursday, reaching a low of $10.12 while ending the day at $10.15. During the trading session, a total of 4.16 million shares were traded which represents a -46.89% decline from the average session volume which is 2.83M shares. VG had ended its last session trading at 10.17. Vonage Holdings Corp. currently has a market cap of $2.42B, while its P/E ratio stands at 70.98, while its P/E earnings growth sits at 2.30, with a beta of 0.66. Vonage Holdings Corp. debt-to-equity ratio currently stands at 0.97, while its quick ratio hovers at 0.60. VG 52-week low price stands at $7.91 while its 52-week high price is $14.73.
The company in its last quarterly report recorded $0.04 earnings per share which is below the $0.06 predicted by most analysts. The Vonage Holdings Corp. generated $273.80 million in revenue during the last quarter, which is slightly lower than the $274.71 million predicted by analysts. In the second quarter last year, the firm recorded $0.09 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -125%. Vonage Holdings Corp. has the potential to record 0.14 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Canaccord Genuity published a research note on July 31st, 2017 where it informed investors and clients that Aceto Corporation (NASDAQ:ACET) is now rated as Buy. Their price target on the stock stands at $19. Needham also rated ACET as Reiterated on January 7th, 2019, with its price target of $14 suggesting that ACET could surge by 97.89% from its current share price. Even though the stock has been trading at $0.20/share, analysts expect it to surge higher by -7.40% to reach $9.00/share. It started the day trading at $0.2 and traded between $0.1701 and $0.19 throughout the trading session.
A look at its technical shows that ACET’s 50-day SMA is 0.91 while its 200-day SMA stands at 2.23. At the moment, only of Aceto Corporation shares were sold short. The company’s average trading volume currently stands at 3.08M shares, which means that the short-interest ratio is just 0.24 days. Over the past seven days, the company moved, with its shift of -1.69%. Looking further, the stock has dropped -87.14% over the past 90 days while it lost -93.91% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Dimensional Fund Advisors LP sold more ACET shares, decreasing its portfolio by -6.62% during the last quarter. This move now sees Dimensional Fund Advisors LP selling -161,507 shares in the last quarter, thus it now holds 2,278,537 shares of ACET, with a total valuation of $535,456. Renaissance Technologies LLC meanwhile bought more ACET shares in the recently filed quarter, changing its stake to $343,930 worth of shares.
Similarly, Pura Vida Investments LLC increased its Aceto Corporation shares by +232.68% during the recently filed quarter. After buying 492,410 shares in the last quarter, the firm now controls 704,034 shares of Aceto Corporation which are valued at $165,448. In the same vein, BlackRock Fund Advisors decreased its Aceto Corporation shares by during the most recent reported quarter. The firm sold -2,552,163 shares during the quarter which decreased its stakes to 682,474 shares and is now valued at $160,381. Following these latest developments, around 1.30% of Aceto Corporation stocks are owned by institutional investors and hedge funds.