Ooma, Inc. $OOMA Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP grew its stake in Ooma, Inc. (NYSE:OOMA) by 221.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,537 shares of the technology company’s stock after acquiring an additional 49,963 shares during the quarter. Susquehanna International Group LLP owned about 0.26% of Ooma worth $1,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OOMA. Quantinno Capital Management LP lifted its stake in shares of Ooma by 247.3% during the first quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock valued at $1,029,000 after buying an additional 50,347 shares during the period. Lazard Asset Management LLC acquired a new position in Ooma in the 1st quarter valued at $1,415,000. Bard Associates Inc. purchased a new position in shares of Ooma during the 2nd quarter worth $558,000. Hsbc Holdings PLC lifted its stake in shares of Ooma by 107.3% during the 4th quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock worth $1,132,000 after purchasing an additional 50,114 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in shares of Ooma during the first quarter worth $873,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Lake Street Capital reiterated a “buy” rating and issued a $25.00 target price on shares of Ooma in a research note on Thursday. B. Riley Financial raised their price target on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup restated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Benchmark reiterated a “buy” rating on shares of Ooma in a report on Monday, August 17th. Finally, UBS Group reissued a “buy” rating on shares of Ooma in a research report on Thursday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Insiders Place Their Bets

In related news, Director Russell Mann sold 20,000 shares of Ooma stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total transaction of $367,000.00. Following the transaction, the director owned 116,115 shares in the company, valued at approximately $2,130,710.25. The trade was a 14.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shigeyuki Hamamatsu sold 27,696 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $17.64, for a total transaction of $488,557.44. Following the sale, the chief financial officer directly owned 193,283 shares of the company’s stock, valued at approximately $3,409,512.12. This trade represents a 12.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 118,652 shares of company stock worth $2,225,186. 9.90% of the stock is owned by company insiders.

Ooma Stock Performance

Shares of NYSE:OOMA opened at $22.90 on Monday. The business has a 50-day moving average of $20.44 and a two-hundred day moving average of $17.21. The firm has a market capitalization of $629.75 million, a PE ratio of 60.26 and a beta of 1.19. 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, Inc. has a 12 month low of $9.79 and a 12 month high of $26.19.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma had a return on equity of 23.89% and a net margin of 3.57%.Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, research analysts forecast that Ooma, Inc. will post 0.86 earnings per share for the current year.

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.