Ooma (NYSE:OOMA) Director Russell Mann Sells 20,000 Shares of Stock

Ooma, Inc. (NYSE:OOMA) Director Russell Mann sold 20,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total value of $367,000.00. Following the transaction, the director directly owned 116,115 shares of the company’s stock, valued at approximately $2,130,710.25. The trade was a 14.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ooma Price Performance

Shares of OOMA traded up $0.31 during midday trading on Wednesday, reaching $18.38. The stock had a trading volume of 336,621 shares, compared to its average volume of 266,423. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69. The company has a market capitalization of $505.53 million, a P/E ratio of 57.45 and a beta of 1.22. The firm’s 50 day moving average price is $17.40 and its 200-day moving average price is $14.21. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $21.96.

Ooma (NYSE:OOMA) last announced its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The business 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. On average, analysts forecast that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ooma

Large investors have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. purchased a new stake in shares of Ooma in the 4th quarter valued at approximately $34,000. Meeder Asset Management Inc. raised 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 period. Tower Research Capital LLC TRC lifted its holdings in shares of Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,507 shares in the last quarter. CWM LLC boosted its position in shares of Ooma by 45.6% in the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after buying an additional 1,378 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after buying an additional 867 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OOMA shares. UBS Group set a $24.00 price objective on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Lake Street Capital increased their price objective on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.33.

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.