Russell Mann Sells 20,000 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) Director Russell Mann sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $18.35, for a total transaction of $367,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ooma Stock Performance

Shares of NYSE:OOMA traded up $0.31 during trading on Wednesday, reaching $18.38. 336,621 shares of the company’s stock traded hands, compared to its average volume of 266,423. The stock has a market capitalization of $505.53 million, a P/E ratio of 57.45 and a beta of 1.22. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $21.96. The company has a 50 day moving average of $17.40 and a 200-day moving average of $14.21. 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 (NYSE:OOMA) last issued its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $81.15 million for the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. On average, equities analysts expect that Ooma, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on OOMA shares. Lake Street Capital upped their price objective on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Citigroup reissued a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. UBS Group set a $24.00 price objective on shares of Ooma in a report on Wednesday, May 27th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. acquired a new position in shares of Ooma during the fourth quarter valued at $34,000. Tower Research Capital LLC TRC grew its position in Ooma by 225.2% in 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 in the last quarter. Meeder Asset Management Inc. increased its stake in Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after buying an additional 740 shares during the period. CWM LLC lifted its stake in shares of Ooma by 45.6% in the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,378 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of 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 acquiring an additional 867 shares during the period. 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.