Jenny Yeh Sells 1,429 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,429 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $23.00, for a total transaction of $32,867.00. Following the transaction, the senior vice president owned 229,859 shares in the company, valued at $5,286,757. This represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ooma Stock Performance

Shares of OOMA opened at $22.79 on Friday. The company has a 50-day simple moving average of $21.26 and a two-hundred day simple moving average of $17.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.69. The firm has a market capitalization of $628.87 million, a PE ratio of 59.96 and a beta of 1.20. Ooma, Inc. has a one year low of $9.79 and a one year high of $26.19.

Ooma (NYSE:OOMA) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The firm had revenue of $83.23 million for the quarter, compared to the consensus estimate 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, analysts anticipate that Ooma, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OOMA has been the topic of several recent research reports. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of Ooma in a research note on Thursday, August 27th. William Blair set a $24.00 price objective on Ooma in a research report on Monday, August 17th. UBS Group restated a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Monday, August 17th. Finally, Citigroup reiterated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Ooma currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Institutional Trading of Ooma

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc bought a new stake in Ooma in the second quarter worth $50,000. IFC & Insurance Marketing Inc. bought a new position in shares of Ooma during the fourth quarter valued at $34,000. Meeder Asset Management Inc. raised its position in shares of Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after purchasing an additional 2,507 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Ooma by 24.1% in the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after purchasing an additional 867 shares in 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.