Ooma Inc. (OOMA) VP Spencer D. Jackson Sells 12,720 Shares
Ooma Inc. (NYSE:OOMA) VP Spencer D. Jackson sold 12,720 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $9.09, for a total transaction of $115,624.80. Following the completion of the sale, the vice president now owns 109,500 shares in the company, valued at approximately $995,355. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ooma Inc. (NYSE:OOMA) opened at 9.10 on Tuesday. The firm’s market cap is $158.37 million. The company has a 50-day moving average of $8.70 and a 200 day moving average of $7.55. Ooma Inc. has a 12-month low of $5.43 and a 12-month high of $9.92.
Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, August 30th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The business had revenue of $25.50 million for the quarter, compared to analyst estimates of $25.21 million. Ooma had a negative net margin of 14.33% and a negative return on equity of 32.89%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. Equities analysts expect that Ooma Inc. will post ($0.22) EPS for the current fiscal year.
A number of equities analysts have recently commented on OOMA shares. Zacks Investment Research lowered shares of Ooma from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Bank of America Corp. reiterated a “buy” rating and set a $12.00 price target on shares of Ooma in a report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “buy” rating on shares of Ooma in a report on Wednesday, August 31st. Finally, JMP Securities lifted their price target on shares of Ooma from $12.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.15.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake in Ooma by 46.2% in the second quarter. BlackRock Fund Advisors now owns 22,626 shares of the company’s stock worth $185,000 after buying an additional 7,150 shares during the period. Renaissance Technologies LLC purchased a new stake in Ooma during the first quarter worth $261,000. Jacobs Levy Equity Management Inc. purchased a new stake in Ooma during the first quarter worth $473,000. BlackRock Institutional Trust Company N.A. raised its stake in Ooma by 6.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 58,723 shares of the company’s stock worth $481,000 after buying an additional 3,707 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in Ooma during the second quarter worth $779,000. 22.99% of the stock is currently owned by institutional investors and hedge funds.
Ooma Company Profile
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.
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