Key Points
- Ooma SVP Jenny Yeh sold 1,948 shares at an average price of $23, generating $44,804; she still owns 225,978 shares valued at approximately $5.2 million.
- Ooma exceeded quarterly expectations, reporting $0.35 EPS versus $0.33 expected and revenue of $83.23 million versus the $81.72 million consensus estimate.
- Analysts maintain a favorable outlook, with five Buy ratings and one Hold, producing a consensus “Moderate Buy” rating and an average price target of $25.00; institutional investors own 80.42% of the stock.
Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 1,948 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $23.00, for a total value of $44,804.00. Following the completion of the transaction, the senior vice president owned 225,978 shares in the company, valued at $5,197,494. This represents a 0.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Ooma Price Performance
OOMA opened at $22.79 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. The firm's fifty day moving average price is $21.32 and its two-hundred day moving average price is $18.07. 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 $628.95 million, a price-to-earnings ratio of 59.97 and a beta of 1.20.
Ooma (NYSE:OOMA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The business had revenue of $83.23 million during 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. As a group, analysts anticipate that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on OOMA shares. B. Riley Financial upped their price objective on Ooma from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. William Blair set a $24.00 price objective on shares of Ooma in a research note on Monday, August 17th. Citigroup restated a "market perform" rating on shares of Ooma in a research report on Wednesday, May 27th. Benchmark reissued a "buy" rating on shares of Ooma in a report on Monday, August 17th. Finally, UBS Group reiterated a "buy" rating on shares of Ooma in a research report on Thursday, August 27th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.00.
Check Out Our Latest Research Report on OOMA
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. raised its holdings in shares of Ooma by 28.3% during 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. Legal & General Group Plc purchased a new position in Ooma during the 2nd quarter valued at about $50,000. Archer Investment Corp bought a new stake in shares of Ooma in the 1st quarter worth approximately $96,000. Essential Partners LLC boosted its holdings in 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. Finally, California State Teachers Retirement System grew its position in Ooma by 395.6% during the 2nd quarter. California State Teachers Retirement System now owns 6,804 shares of the technology company's stock valued at $131,000 after purchasing an additional 5,431 shares during the last quarter. Institutional investors own 80.42% of the company's stock.
Ooma Company Profile
(
Get Free Report)
Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.
For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.
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