Ooma (NYSE:OOMA) SVP Sells $49,694.43 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 2,481 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $20.03, for a total transaction of $49,694.43. Following the completion of the transaction, the senior vice president directly owned 262,134 shares of the company’s stock, valued at approximately $5,250,544.02. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ooma Stock Up 1.3%

NYSE:OOMA traded up $0.26 on Friday, hitting $20.18. 290,955 shares of the company’s stock were exchanged, compared to its average volume of 304,694. The firm has a 50-day moving average price of $18.38 and a 200-day moving average price of $14.89. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $21.96. 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 cap of $555.09 million, a P/E ratio of 63.08 and a beta of 1.20.

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. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The company had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. 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, analysts expect that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Ooma

Hedge funds have recently modified their holdings of the stock. North Star Investment Management Corp. bought a new stake in shares of Ooma during the first quarter worth approximately $873,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Ooma during the 4th quarter worth approximately $1,877,000. JPMorgan Chase & Co. boosted its stake in Ooma by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after purchasing an additional 44,589 shares during the period. Assenagon Asset Management S.A. boosted its stake in Ooma by 32.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 206,481 shares of the technology company’s stock valued at $3,004,000 after purchasing an additional 50,413 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Ooma by 107.3% in the 4th quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock valued at $1,132,000 after buying an additional 50,114 shares in the last quarter. 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.