Ooma, Inc. (NYSE:OOMA) VP Sells $22,012.38 in Stock
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.
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