Jenny Yeh Sells 12,840 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 12,840 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $19.57, for a total transaction of $251,278.80. Following the completion of the sale, the senior vice president directly owned 264,615 shares of the company’s stock, valued at approximately $5,178,515.55. The trade was a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ooma Stock Performance

Shares of OOMA traded up $0.35 during mid-day trading on Tuesday, hitting $20.16. 287,560 shares of the company’s stock were exchanged, compared to its average volume of 271,728. The firm has a market cap of $554.26 million, a price-to-earnings ratio of 62.99 and a beta of 1.20. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $21.96. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $18.08 and its 200-day simple moving average is $14.68.

Ooma (NYSE:OOMA) last announced its quarterly earnings data 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 firm 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, equities research analysts expect that Ooma, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Ooma by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after purchasing an additional 34,960 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock worth $13,273,000 after buying an additional 99,100 shares in the last quarter. JPMorgan Chase & Co. raised its position in Ooma by 4.0% in the 4th 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Ooma by 17.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after acquiring an additional 76,088 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Ooma during the 1st quarter worth $5,847,000. Institutional investors and hedge funds own 80.42% of the company’s stock.

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.