Ooma (NYSE:OOMA) Director William Pearce Sells 3,000 Shares

Ooma, Inc. (NYSE:OOMA) Director William Pearce sold 3,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total value of $53,940.00. Following the completion of the sale, the director directly owned 181,652 shares of the company’s stock, valued at approximately $3,266,102.96. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ooma Stock Down 1.4%

NYSE OOMA traded down $0.25 on Thursday, reaching $17.28. The stock had a trading volume of 314,281 shares, compared to its average volume of 260,633. The business has a 50 day moving average price of $16.88 and a 200 day moving average price of $13.82. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.50. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $21.96. The company has a market capitalization of $475.20 million, a price-to-earnings ratio of 54.00 and a beta of 1.22.

Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The firm had revenue of $81.15 million for the quarter, compared to the consensus estimate of $79.84 million. 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, analysts forecast that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OOMA has been the topic of several recent analyst reports. UBS Group set a $24.00 price target on Ooma in a research note on Wednesday, May 27th. Lake Street Capital upped their price target on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Citigroup reiterated a “market perform” rating on shares of Ooma in a research 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 company’s stock. According to data from MarketBeat, Ooma currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Institutional Trading of Ooma

Several hedge funds and other institutional investors have recently modified their holdings of OOMA. IFC & Insurance Marketing Inc. acquired a new stake in shares of Ooma in the fourth quarter valued at about $34,000. Tower Research Capital LLC TRC increased its position in shares of Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after acquiring an additional 2,507 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after acquiring an additional 740 shares during the last quarter. CWM LLC increased its position in shares of Ooma by 45.6% in the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after acquiring an additional 867 shares during the last quarter. 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.