Ooma (NYSE:OOMA) CEO Eric Stang Sells 27,666 Shares

Ooma, Inc. (NYSE:OOMA) CEO Eric Stang sold 27,666 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $18.50, for a total transaction of $511,821.00. Following the completion of the transaction, the chief executive officer owned 818,718 shares of the company’s stock, valued at approximately $15,146,283. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ooma Stock Up 4.8%

OOMA traded up $0.83 during trading on Friday, hitting $18.38. 712,095 shares of the company’s stock traded hands, compared to its average volume of 269,501. The company’s 50 day simple moving average is $17.55 and its two-hundred day simple moving average is $14.30. 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 12-month low of $9.79 and a 12-month high of $21.96. The stock has a market capitalization of $505.56 million, a price-to-earnings ratio of 57.45 and a beta of 1.22.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $81.15 million during the quarter, compared to analysts’ expectations 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. Analysts predict that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OOMA. Segall Bryant & Hamill LLC increased its stake in shares of Ooma by 143.3% in the third quarter. Segall Bryant & Hamill LLC now owns 198,228 shares of the technology company’s stock worth $2,377,000 after purchasing an additional 116,767 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in Ooma in the 4th quarter worth $1,877,000. JPMorgan Chase & Co. boosted its holdings in shares of Ooma by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after purchasing an additional 44,589 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Ooma during the first quarter valued at about $5,847,000. Finally, Archer Investment Corp bought a new stake in shares of Ooma in the first quarter worth about $96,000. 80.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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