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, 2 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 $15.25. The price of the stock the last time has raised by 18.38% 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 40.63.
The shares of the company added by 2.85% during the trading session on Tuesday, reaching a low of $9.12 while ending the day at $9.37. During the trading session, a total of 2.74 million shares were traded which represents a 11% incline from the average session volume which is 3.08M shares. VG had ended its last session trading at 9.11. Vonage Holdings Corp. currently has a market cap of $2.24B, while its P/E ratio stands at 65.52, while its P/E earnings growth sits at 2.13, with a beta of 0.63. 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 Morgan Stanley published a research note on December 11th, 2018 where it informed investors and clients that PPDAI Group Inc. (NYSE:PPDF) is now rated as Equal-Weight. Needham also rated PPDF as Reiterated on January 7th, 2019, with its price target of $14 suggesting that PPDF could surge by 14.02% from its current share price. Even though the stock has been trading at $5.23/share, analysts expect it to surge higher by 4.40% to reach $6.35/share. It started the day trading at $5.69 and traded between $5.31 and $5.46 throughout the trading session.
A look at its technical shows that PPDF’s 50-day SMA is 4.44 while its 200-day SMA stands at 4.87. The stock has a high of $8.45 for the year while the low is $2.85. The company’s P/E ratio currently sits at 4.72, while the P/B ratio is 1.84. At the moment, only of PPDAI Group Inc. shares were sold short. The company’s average trading volume currently stands at 1.09M shares, which means that the short-interest ratio is just 1.57 days. Over the past seven days, the company moved, with its shift of 10.98%. Looking further, the stock has raised 46.77% over the past 90 days while it lost -7.46% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Wells Capital Management Inc bought more PPDF shares, increasing its portfolio by +17.80% during the last quarter. This move now sees Wells Capital Management Inc purchasing 1,324,680 shares in the last quarter, thus it now holds 8,764,850 shares of PPDF, with a total valuation of $33,131,133. Fidelity Management Research Co meanwhile bought more PPDF shares in the recently filed quarter, changing its stake to $17,559,778 worth of shares. T Rowe Price Associates Inc followed the path by increasing its PPDF portfolio by +47.70% in the quarter. This means that T Rowe Price Associates Inc bought 1,231,687 shares in the last quarter and now controls 3,814,022 shares of the PPDF stock, with the valuation hitting $14,417,003.