Ooma Inc (OOMA) Receives Average Recommendation of “Hold” from Analysts
Ooma Inc (NYSE:OOMA) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $12.67.
A number of equities analysts recently commented on OOMA shares. Northland Securities restated a “buy” rating and issued a $13.00 price objective on shares of Ooma in a report on Friday, December 1st. B. Riley restated a “buy” rating and issued a $13.00 price objective on shares of Ooma in a report on Wednesday, November 29th.
In other Ooma news, VP James A. Gustke sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $9.81, for a total transaction of $49,050.00. Following the completion of the sale, the vice president now owns 196,333 shares of the company’s stock, valued at $1,926,026.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James A. Gustke sold 8,485 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $11.23, for a total value of $95,286.55. Following the sale, the vice president now directly owns 173,689 shares of the company’s stock, valued at approximately $1,950,527.47. The disclosure for this sale can be found here. Insiders have sold 84,856 shares of company stock valued at $879,037 in the last ninety days. Company insiders own 48.19% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Algert Global LLC bought a new stake in Ooma during the third quarter worth approximately $501,000. Sterling Capital Management LLC boosted its position in Ooma by 65.1% during the third quarter. Sterling Capital Management LLC now owns 68,706 shares of the technology company’s stock worth $725,000 after purchasing an additional 27,097 shares during the period. Wolverine Trading LLC bought a new stake in shares of Ooma in the third quarter valued at approximately $115,000. Royce & Associates LP boosted its position in shares of Ooma by 13.7% in the third quarter. Royce & Associates LP now owns 568,728 shares of the technology company’s stock valued at $6,000,000 after acquiring an additional 68,380 shares during the period. Finally, B. Riley Financial Inc. boosted its position in shares of Ooma by 62.7% in the third quarter. B. Riley Financial Inc. now owns 188,526 shares of the technology company’s stock valued at $2,015,000 after acquiring an additional 72,681 shares during the period. 75.13% of the stock is owned by hedge funds and other institutional investors.
Ooma (NYSE:OOMA) opened at $11.45 on Thursday. Ooma has a twelve month low of $7.30 and a twelve month high of $12.30.
Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Ooma had a negative return on equity of 32.00% and a negative net margin of 11.65%. The firm had revenue of $28.50 million for the quarter, compared to the consensus estimate of $28.04 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. sell-side analysts predict that Ooma will post -0.69 EPS for the current fiscal year.
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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