Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 20,966 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $24.05, for a total transaction of $504,232.30. Following the completion of the transaction, the senior vice president directly owned 237,649 shares of the company's stock, valued at $5,715,458.45. This trade represents a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Ooma Trading Down 1.4%
Shares of Ooma stock opened at $22.60 on Tuesday. The firm's 50 day moving average is $20.55 and its 200 day moving average is $17.28. The firm has a market capitalization of $621.50 million, a PE ratio of 59.48 and a beta of 1.19. Ooma, Inc. has a 1 year low of $9.79 and a 1 year 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.
Ooma (NYSE:OOMA - Get Free Report) last issued 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. The firm had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.89%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Equities research analysts forecast that Ooma, Inc. will post 0.86 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Alliance Global Partners reissued a "buy" rating on shares of Ooma in a research note on Thursday. Benchmark reiterated a "buy" rating on shares of Ooma in a research report on Monday, August 17th. William Blair set a $24.00 target price on shares of Ooma in a report on Monday, August 17th. B. Riley Financial raised their price target on shares of Ooma from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Lake Street Capital reissued a "buy" rating and issued a $25.00 price objective on shares of Ooma in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $25.00.
Check Out Our Latest Stock Report on Ooma
Hedge Funds Weigh In On Ooma
A number of institutional investors and hedge funds have recently modified their holdings of OOMA. IFC & Insurance Marketing Inc. bought a new stake in shares of Ooma in the 4th quarter valued at $34,000. Tower Research Capital LLC TRC grew its holdings in Ooma by 225.2% in the second 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 during the period. Meeder Asset Management Inc. increased its stake in 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 purchasing an additional 740 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Ooma during the second quarter valued at about $50,000. Finally, CWM LLC raised its holdings in shares of Ooma by 45.6% during the fourth 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. 80.42% of the stock is currently owned by institutional investors.
About Ooma
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Get Free Report)
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.
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