Ooma, Inc. (NYSE:OOMA) VP James A. Gustke sold 2,691 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $8.18, for a total value of $22,012.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Ooma, Inc. (NYSE:OOMA) traded down 1.562% on Wednesday, reaching $7.875. The company had a trading volume of 83,939 shares. The firm’s market capitalization is $143.90 million. The firm’s 50 day moving average is $9.25 and its 200 day moving average is $9.84. Ooma, Inc. has a 12 month low of $7.80 and a 12 month high of $12.30.

Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, May 23rd. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $27.58 million for the quarter, compared to analyst estimates of $28.14 million. Ooma had a negative return on equity of 29.82% and a negative net margin of 11.51%. Ooma’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, equities research analysts expect that Ooma, Inc. will post ($0.12) earnings per share for the current fiscal year.

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Several research analysts recently weighed in on OOMA shares. Northland Securities started coverage on Ooma in a research note on Tuesday, June 27th. They set an “outperform” rating and a $10.50 target price on the stock. B. Riley restated a “buy” rating and set a $13.00 target price on shares of Ooma in a research note on Sunday, May 28th. Credit Suisse Group downgraded Ooma from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $12.00 in a research note on Wednesday, May 24th. Bank of America Corporation downgraded Ooma from a “buy” rating to an “underperform” rating in a research note on Wednesday, May 24th. Finally, ValuEngine downgraded Ooma from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.30.

A number of institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new position in Ooma during the fourth quarter valued at approximately $113,000. Oxford Asset Management purchased a new position in shares of Ooma during the fourth quarter valued at about $118,000. Menta Capital LLC purchased a new position in shares of Ooma during the first quarter valued at about $122,000. FNY Partners Fund LP purchased a new position in shares of Ooma during the first quarter valued at about $129,000. Finally, Trexquant Investment LP purchased a new position in shares of Ooma during the first quarter valued at about $189,000. 73.82% of the stock is currently owned by hedge funds and other institutional investors.

Ooma Company Profile

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

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