Stephens analyst Ryan MacWilliams maintained a Buy rating on Vonage Holdings (NASDAQ:VG) on Thursday, setting a price target of $15, which is approximately 31.81% above the present share price of $11.38.
MacWilliams expects Vonage Holdings to post earnings per share (EPS) of -$0.03 for the fourth quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Vonage Holdings, with an average price target of $14.
The analysts price targets range from a high of $16 to a low of $12.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $310.53 million and a net profit of $2.42 million. The company's market cap is $2.79 billion.
According to TipRanks.com, Stephens analyst Ryan MacWilliams is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.3% and a 62.71% success rate.
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.