Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 2,481 Shares

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 2,481 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $20.03, for a total value of $49,694.43. Following the sale, the senior vice president owned 262,134 shares of the company’s stock, valued at approximately $5,250,544.02. This trade represents a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ooma Stock Performance

Shares of OOMA opened at $19.90 on Friday. The business’s 50 day moving average is $18.30 and its two-hundred day moving average is $14.85. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $21.96. The firm has a market cap of $547.14 million, a price-to-earnings ratio of 62.18 and a beta of 1.20. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Analysts forecast that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Trading of Ooma

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. acquired a new position in Ooma during the 1st quarter valued at approximately $5,847,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Ooma during the fourth quarter valued at $1,877,000. Two Sigma Investments LP boosted its holdings in shares of Ooma by 419.6% during the third quarter. Two Sigma Investments LP now owns 188,635 shares of the technology company’s stock valued at $2,262,000 after acquiring an additional 152,328 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Ooma during the fourth quarter worth about $1,774,000. Finally, Millennium Management LLC grew its position in shares of Ooma by 81.6% during the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock worth $4,144,000 after acquiring an additional 142,220 shares during the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OOMA has been the subject of several research analyst reports. UBS Group set a $24.00 target price on shares of Ooma in a research report on Wednesday, May 27th. Lake Street Capital lifted their price target on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a report on Monday, May 18th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.33.

About Ooma

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.