Globeflex Capital L P Makes New $4.24 Million Investment in Ooma, Inc. $OOMA

Globeflex Capital L P purchased a new stake in Ooma, Inc. (NYSE:OOMA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 220,363 shares of the technology company’s stock, valued at approximately $4,235,000.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Ooma in the 2nd quarter worth approximately $411,000. Bard Associates Inc. acquired a new position in Ooma during the 2nd quarter worth $558,000. Virtus Advisers LLC bought a new position in shares of Ooma in the second quarter worth $176,000. BlackRock Inc. bought a new position in shares of Ooma in the second quarter worth $69,001,000. Finally, Deutsche Bank AG acquired a new position in shares of Ooma during the second quarter valued at $491,000. Institutional investors own 80.42% of the company’s stock.

Ooma Stock Performance

NYSE:OOMA opened at $21.95 on Monday. The company has a 50-day moving average of $20.00 and a 200-day moving average of $16.85. The firm has a market cap of $603.62 million, a price-to-earnings ratio of 68.60 and a beta of 1.19. 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 twelve month low of $9.79 and a twelve month high of $22.72.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $81.15 million during the quarter, compared to analyst estimates 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. Analysts forecast that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group set a $24.00 price objective on shares of Ooma in a research note on Wednesday, May 27th. Benchmark reiterated a “buy” rating on shares of Ooma in a research report on Monday, August 17th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Lake Street Capital raised their price objective on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ooma currently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Insider Activity at Ooma

In related news, SVP Jenny C. Yeh sold 1,757 shares of Ooma stock in a transaction on 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William D. Pearce sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total value of $53,940.00. Following the sale, the director directly owned 181,652 shares in the company, valued at $3,266,102.96. This trade represents a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 118,652 shares of company stock worth $2,225,186. 9.90% of the stock is owned by corporate insiders.

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.