Nano Cap New Millennium Growth Fund L P Buys Shares of 160,000 Ooma, Inc. $OOMA

Nano Cap New Millennium Growth Fund L P purchased a new position in Ooma, Inc. (NYSE:OOMA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 160,000 shares of the technology company’s stock, valued at approximately $1,877,000. Ooma comprises 1.6% of Nano Cap New Millennium Growth Fund L P’s portfolio, making the stock its 12th biggest holding. Nano Cap New Millennium Growth Fund L P owned approximately 0.58% of Ooma as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of OOMA. CWM LLC grew its stake in Ooma by 50.5% in the third quarter. CWM LLC now owns 3,022 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,014 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Ooma by 1.0% during the 4th quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock worth $1,308,000 after purchasing an additional 1,067 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ooma by 1.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 111,251 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 1,137 shares in the last quarter. Bailard Inc. lifted its holdings in shares of Ooma by 10.6% during the 4th quarter. Bailard Inc. now owns 23,000 shares of the technology company’s stock valued at $270,000 after buying an additional 2,200 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of 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 buying an additional 2,507 shares during the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Ooma Trading Down 1.3%

NYSE:OOMA opened at $18.89 on Friday. The company’s 50 day moving average is $15.81 and its 200-day moving average is $13.19. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $19.59. The firm has a market cap of $519.66 million, a price-to-earnings ratio of 85.87 and a beta of 1.20.

Ooma (NYSE:OOMA) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $74.58 million during the quarter, compared to the consensus estimate of $72.55 million. Ooma had a net margin of 2.36% and a return on equity of 15.60%. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. Equities analysts anticipate that Ooma, Inc. will post 0.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark restated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. B. Riley Financial restated a “buy” rating on shares of Ooma in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Insider Activity

In other news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $14.22, for a total value of $153,433.80. Following the sale, the chief financial officer directly owned 231,128 shares of the company’s stock, valued at approximately $3,286,640.16. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.90% of the company’s stock.

Ooma 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.