Ooma (NYSE:OOMA) Sets New 52-Week High – Here’s What Happened

Ooma, Inc. (NYSE:OOMA)’s share price reached a new 52-week high on Tuesday . The company traded as high as $19.60 and last traded at $19.50, with a volume of 89131 shares changing hands. The stock had previously closed at $19.12.

Analyst Ratings Changes

A number of research analysts have weighed in on OOMA shares. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Ooma Stock Performance

The company’s fifty day moving average price is $16.02 and its 200 day moving average price is $13.29. The company has a market cap of $532.04 million, a PE ratio of 87.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The company 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. On average, equities research analysts predict that Ooma, Inc. will post 0.78 earnings per share for the current year.

Insider Transactions at Ooma

In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $14.22, for a total transaction of $153,433.80. Following the completion of the sale, the chief financial officer owned 231,128 shares in the company, valued at approximately $3,286,640.16. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.90% of the company’s stock.

Institutional Trading of Ooma

A number of large investors have recently added to or reduced their stakes in OOMA. Hillsdale Investment Management Inc. purchased a new stake in Ooma during the first quarter worth about $5,847,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Ooma during the fourth quarter worth about $1,877,000. Two Sigma Investments LP increased its holdings in Ooma by 419.6% during the third quarter. Two Sigma Investments LP now owns 188,635 shares of the technology company’s stock worth $2,262,000 after buying an additional 152,328 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Ooma during the fourth quarter worth about $1,774,000. Finally, Millennium Management LLC increased its holdings in Ooma by 81.6% during the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock worth $4,144,000 after buying an additional 142,220 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Company 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.