Jenny Yeh Sells 20,966 Shares of Ooma (NYSE:OOMA) Stock

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

Ooma Stock Down 3.4%

Shares of NYSE OOMA opened at $21.87 on Wednesday. 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 business has a 50-day moving average of $20.63 and a 200-day moving average of $17.36. The firm has a market capitalization of $601.42 million, a price-to-earnings ratio of 57.55 and a beta of 1.20. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $26.19.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating 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. Sell-side analysts expect that Ooma, Inc. will post 0.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ooma

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Ooma during the 2nd quarter valued at $69,001,000. Hillsdale Investment Management Inc. purchased a new position in Ooma in the 1st quarter worth $5,847,000. Globeflex Capital L P bought a new stake in Ooma in the second quarter worth $4,235,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ooma in the second quarter worth $3,746,000. Finally, AWM Investment Company Inc. bought a new stake in Ooma in the second quarter worth $3,341,000. 80.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OOMA has been the subject of a number of research analyst reports. William Blair set a $24.00 price objective on shares of Ooma in a report on Monday, August 17th. Citigroup restated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price objective on shares of Ooma in a report on Thursday, August 27th. Finally, B. Riley Financial upped their price objective on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.00.

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.