Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 12,840 Shares

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 12,840 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $19.57, for a total value of $251,278.80. Following the completion of the transaction, the senior vice president owned 264,615 shares in the company, valued at $5,178,515.55. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ooma Price Performance

OOMA stock opened at $20.16 on Wednesday. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $21.96. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The stock has a market cap of $554.26 million, a price-to-earnings ratio of 62.99 and a beta of 1.20. The business has a fifty day moving average of $18.16 and a two-hundred day moving average of $14.74.

Ooma (NYSE:OOMA) last announced its quarterly 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 for the quarter, compared to analyst estimates 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. As a group, research analysts anticipate that Ooma, Inc. will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On Ooma

Several large investors have recently added to or reduced their stakes in the business. Essential Partners LLC grew its stake in shares of Ooma by 8.3% in the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after acquiring an additional 626 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after acquiring an additional 740 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after acquiring an additional 867 shares in the last quarter. Man Group plc boosted its holdings in Ooma by 5.1% in the fourth quarter. Man Group plc now owns 18,073 shares of the technology company’s stock valued at $212,000 after purchasing an additional 880 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in Ooma by 1.0% in the fourth quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock valued at $1,308,000 after purchasing an additional 1,067 shares during the period. 80.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Lake Street Capital lifted their price target on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Finally, UBS Group set a $24.00 price target on Ooma in a research note 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 data from MarketBeat.com, the company presently has an average 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.