Ooma (NYSE:OOMA) SVP Sells $504,232.30 in Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 20,966 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $24.05, for a total value of $504,232.30. Following the sale, the senior vice president owned 237,649 shares in the company, valued at approximately $5,715,458.45. This represents a 8.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ooma Trading Up 2.9%

NYSE OOMA opened at $22.51 on Thursday. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $26.19. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $20.71 and a 200-day moving average of $17.43. The company has a market cap of $619.00 million, a PE ratio of 59.24 and a beta of 1.20.

Ooma (NYSE:OOMA) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.89%. The business had revenue of $83.23 million for the quarter, compared to the consensus estimate of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, equities research analysts anticipate that Ooma, Inc. will post 0.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Ooma

Hedge funds and other institutional investors have recently modified their holdings of the company. IFC & Insurance Marketing Inc. acquired a new position in shares of Ooma in the fourth quarter valued at about $34,000. Tower Research Capital LLC TRC raised its stake 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 worth $47,000 after purchasing an additional 2,507 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares in the last quarter. Legal & General Group Plc bought a new stake in Ooma in the 2nd quarter valued at about $50,000. Finally, CWM LLC boosted its holdings in Ooma by 45.6% in the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,378 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OOMA shares. Lake Street Capital reiterated a “buy” rating and issued a $25.00 target price on shares of Ooma in a research note on Thursday, August 27th. UBS Group restated a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. William Blair set a $24.00 target price on Ooma in a research note on Monday, August 17th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Five equities 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 has an average rating of “Moderate Buy” and a consensus price target of $25.00.

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.