Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,226 Shares

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,226 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $23.00, for a total transaction of $28,198.00. Following the transaction, the senior vice president directly owned 232,601 shares in the company, valued at approximately $5,349,823. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Ooma Price Performance

Shares of NYSE:OOMA traded up $0.77 during trading on Thursday, reaching $23.30. The company had a trading volume of 366,700 shares, compared to its average volume of 430,474. The firm’s fifty day moving average is $20.82 and its 200 day moving average is $17.52. The firm has a market capitalization of $640.75 million, a PE ratio of 61.32 and a beta of 1.20. Ooma, Inc. has a twelve month low of $9.79 and a twelve month high of $26.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94.

Ooma (NYSE:OOMA) last posted its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.89%. The business had revenue of $83.23 million during the quarter, compared to analysts’ expectations 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. On average, equities analysts forecast that Ooma, Inc. will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OOMA. Benchmark restated a “buy” rating on shares of Ooma in a report on Monday, August 17th. Citigroup reissued a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. B. Riley Financial raised their price objective on shares of Ooma from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.00.

Ooma News Roundup

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Analysts raised several earnings forecasts. Lake Street Capital increased its FY2027 EPS estimate to $0.86 from $0.79 and its FY2028 estimate to $0.86 from $0.83. Benchmark lifted its FY2027 estimate to $0.89 from $0.83 and its FY2028 estimate to $1.03 from $0.98. Citizens JMP also raised its FY2027 estimate to $0.83 from $0.77 and FY2028 to $0.96 from $0.90. These revisions reinforce expectations for improving profitability at Ooma. Analyst earnings estimate reports
• Positive Sentiment: Buy ratings and a $25 price target provide support. Lake Street Capital and Benchmark maintained Buy ratings; Lake Street’s $25 target remains above the stock’s referenced trading level. Citizens JMP’s estimates imply EPS growth from the current-year consensus of $0.86 to $0.96 in FY2028 and $1.20 in FY2029, although its FY2029 estimate was modestly reduced. Ooma analyst ratings and estimates
• Neutral Sentiment: Ooma will meet institutional investors on September 23. CEO Eric Stang, CFO Shig Hamamatsu and senior corporate-development executive Chris Burgy are scheduled to hold virtual meetings during the NYSE Investor Access Technology Day. The event could offer updates on strategy, growth and artificial-intelligence initiatives, but no new guidance was announced. Ooma NYSE Investor Access Technology Day announcement
• Neutral Sentiment: Industry views on AI-enabled VoIP and unified communications are mixed. The broader assessment suggests that AI capabilities vary considerably among providers, making the article relevant to Ooma’s competitive positioning but offering no specific new product or financial information about the company. AI capabilities in VoIP and unified communications offerings
• Negative Sentiment: Some estimate reductions temper the optimism. Citizens JMP lowered its Q1 2029 EPS forecast to $0.28 from $0.29, its Q3 2028 estimate to $0.24 from $0.25, and its FY2029 estimate to $1.20 from $1.21. Lake Street also trimmed its Q4 2027 estimate to $0.19 from $0.20. These cuts indicate that the outlook is positive overall but not uniformly improving.

Institutional Investors Weigh In On Ooma

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Ooma during the second quarter valued at $69,001,000. Vanguard Group Inc. raised its holdings in Ooma by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after buying an additional 34,960 shares during the period. Renaissance Technologies LLC lifted its stake in Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after buying an additional 99,100 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Ooma by 4.0% during the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after buying an additional 22,125 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ooma by 17.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock worth $6,161,000 after buying an additional 76,088 shares during the period. 80.42% of the stock is owned by institutional investors and hedge funds.

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.