Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,757 Shares of Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,757 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $22.00, for a total value of $38,654.00. Following the completion of the sale, the senior vice president directly owned 258,615 shares of the company’s stock, valued at $5,689,530. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ooma Trading Down 2.0%

Shares of OOMA stock opened at $21.45 on Friday. The business’s fifty day moving average price is $18.93 and its 200 day moving average price is $15.82. Ooma, Inc. has a 1-year low of $9.79 and a 1-year high of $22.20. The firm has a market capitalization of $589.88 million, a PE ratio of 67.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $81.15 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts forecast that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on OOMA shares. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a report on Monday, May 18th. Lake Street Capital lifted their price target on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Finally, UBS Group set a $24.00 price target on Ooma in a research note 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.com, Ooma has an average rating of “Moderate Buy” and an average target price of $22.33.

Institutional Inflows and Outflows

A number of hedge funds 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 worth about $34,000. Tower Research Capital LLC TRC increased its holdings in Ooma by 225.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after acquiring an additional 2,507 shares in the last quarter. Meeder Asset Management Inc. increased its holdings 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 acquiring an additional 740 shares in the last quarter. CWM LLC increased its holdings in Ooma by 45.6% during the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,378 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Ooma by 24.1% during the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after acquiring an additional 867 shares during the last quarter. Hedge funds and other institutional investors 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.