Ooma (NYSE:OOMA) SVP Sells $504,232.30 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 20,966 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $24.05, for a total value of $504,232.30. Following the sale, the senior vice president owned 237,649 shares of the company’s stock, valued at approximately $5,715,458.45. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ooma Trading Down 1.4%

Shares of OOMA stock traded down $0.31 during mid-day trading on Monday, hitting $22.60. The company’s stock had a trading volume of 669,226 shares, compared to its average volume of 419,078. The company has a market cap of $621.50 million, a PE ratio of 59.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. The company’s fifty day simple moving average is $20.55 and its 200-day simple moving average is $17.28. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $26.19.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a return on equity of 23.89% and a net margin of 3.57%.The company had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, equities research analysts expect that Ooma, Inc. will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ooma

A number of institutional investors have recently modified their holdings of OOMA. Essential Partners LLC raised its holdings in shares of Ooma by 8.3% in the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after acquiring an additional 626 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after purchasing an additional 740 shares during the last quarter. Royal Bank of Canada increased its holdings in Ooma by 24.1% during the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after purchasing an additional 867 shares in the last quarter. Man Group plc increased its holdings in Ooma by 5.1% during the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after purchasing an additional 880 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Ooma by 1.0% in the fourth quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock worth $1,308,000 after purchasing an additional 1,067 shares during the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on OOMA shares. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday. UBS Group reissued a “buy” rating on shares of Ooma in a research note on Thursday. Citigroup restated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of Ooma in a research note on Thursday. Finally, Benchmark reiterated a “buy” rating on shares of Ooma in a report on Monday, August 17th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.00.

Ooma Company Profile

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.