Key Points
- Ooma SVP Jenny Yeh sold 1,429 shares for $32,867, reducing her direct holdings by 0.62% to 229,859 shares.
- Ooma shares opened at $22.68, with a market capitalization of approximately $625.9 million; the stock has traded between $9.79 and $26.19 over the past year.
- The company exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $25.00.
Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 1,429 shares of the business's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $23.00, for a total value of $32,867.00. Following the completion of the transaction, the senior vice president directly owned 229,859 shares in the company, valued at approximately $5,286,757. This represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ooma Stock Down 0.7%
Shares of NYSE:OOMA opened at $22.68 on Friday. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $26.19. The company has a market capitalization of $625.91 million, a PE ratio of 59.68 and a beta of 1.20. The business has a fifty day moving average price of $21.20 and a two-hundred day moving average price of $17.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.69.
Ooma (NYSE:OOMA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. The company had revenue of $83.23 million for the quarter, compared to the consensus estimate of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.55%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Analysts forecast that Ooma, Inc. will post 0.87 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. UBS Group reissued a "buy" rating on shares of Ooma in a report on Thursday, August 27th. Alliance Global Partners reaffirmed a "buy" rating on shares of Ooma in a report on Thursday, August 27th. B. Riley Financial upped their target price on shares of Ooma from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Citigroup reaffirmed a "market perform" rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Lake Street Capital reissued a "buy" rating and set a $25.00 price objective on shares of Ooma in a report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.00.
Read Our Latest Stock Analysis on OOMA
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OOMA. Quantinno Capital Management LP grew its stake in shares of Ooma by 247.3% during the first quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company's stock valued at $1,029,000 after buying an additional 50,347 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Ooma during the 1st quarter valued at about $1,415,000. Bard Associates Inc. purchased a new stake in Ooma during the 2nd quarter valued at about $558,000. Hsbc Holdings PLC grew its position in Ooma by 107.3% during the 4th quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company's stock worth $1,132,000 after acquiring an additional 50,114 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new position in Ooma in the 1st quarter worth approximately $873,000. 80.42% of the stock is currently owned by hedge funds and other institutional investors.
Ooma Company Profile
(
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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