Jenny Yeh Sells 1,757 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,757 shares of Ooma stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $22.00, for a total value of $38,654.00. Following the transaction, the senior vice president directly owned 258,615 shares in the company, valued at $5,689,530. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ooma Trading Up 1.4%

Shares of OOMA stock opened at $21.75 on Friday. The stock has a market cap of $598.10 million, a price-to-earnings ratio of 67.97 and a beta of 1.20. The stock has a 50-day moving average of $18.99 and a 200-day moving average of $15.86. The company has a current ratio of 0.94, a quick ratio of 0.69 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 $22.20.

Ooma (NYSE:OOMA) last issued its quarterly earnings data 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 company had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.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 research analysts forecast that Ooma, Inc. will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On Ooma

Hedge funds and other institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. acquired a new position in shares of Ooma during the first quarter valued at about $873,000. Hsbc Holdings PLC grew its stake in shares of Ooma by 107.3% in the 4th quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock valued at $1,132,000 after buying an additional 50,114 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Ooma in the 1st quarter valued at about $5,847,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Ooma in the 4th quarter valued at about $1,877,000. Finally, JPMorgan Chase & Co. increased its position in Ooma by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after buying an additional 44,589 shares in the last quarter. 80.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OOMA has been the topic of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. UBS Group set a $24.00 target price on shares of Ooma in a report on Wednesday, May 27th. Citigroup reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Lake Street Capital raised their target price on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

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.