Ooma Inc. (NYSE:OOMA) VP Spencer D. Jackson sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $9.00, for a total value of $13,500.00. Following the transaction, the vice president now owns 95,280 shares in the company, valued at approximately $857,520. The sale was disclosed in a document filed with the SEC, which is available through this link.
Ooma Inc. (NYSE:OOMA) opened at 9.13 on Tuesday. The firm has a 50-day moving average price of $8.84 and a 200-day moving average price of $7.76. Ooma Inc. has a one year low of $5.43 and a one year high of $9.92. The stock’s market cap is $158.89 million.
Ooma (NYSE:OOMA) last released its quarterly earnings results on Tuesday, August 30th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $25.50 million for the quarter, compared to analyst estimates of $25.21 million. Ooma had a negative return on equity of 32.89% and a negative net margin of 14.33%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, equities analysts predict that Ooma Inc. will post ($0.22) earnings per share for the current year.
A number of brokerages have recently issued reports on OOMA. Zacks Investment Research lowered Ooma from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Bank of America Corp. reiterated a “buy” rating and set a $12.00 target price on shares of Ooma in a research report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “buy” rating on shares of Ooma in a research report on Wednesday, August 31st. Finally, JMP Securities increased their target price on Ooma from $12.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Ooma has a consensus rating of “Buy” and an average target price of $12.15.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Ooma during the first quarter worth about $261,000. Jacobs Levy Equity Management Inc. bought a new position in Ooma during the first quarter worth about $473,000. Emerald Acquisition Ltd. bought a new position in Ooma during the second quarter worth about $779,000. Boston Partners bought a new position in Ooma during the second quarter worth about $2,316,000. Finally, Vanguard Group Inc. raised its position in Ooma by 9.6% in the second quarter. Vanguard Group Inc. now owns 235,697 shares of the company’s stock worth $1,931,000 after buying an additional 20,566 shares during the last quarter. 22.73% of the stock is currently owned by institutional investors.
Ooma Company Profile
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.
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