Key Points
- Ooma SVP Jenny Yeh sold 1,747 shares at an average price of $23.00, generating $40,181. Following the transaction, she retained 222,540 shares.
- Ooma recently exceeded quarterly expectations, reporting $0.35 in earnings per share versus a $0.33 estimate and revenue of $83.23 million versus $81.72 million expected.
- Analysts maintain a positive outlook, with five Buy ratings and one Hold rating, a consensus rating of “Moderate Buy,” and an average price target of $25.00.
Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 1,747 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $23.00, for a total value of $40,181.00. Following the completion of the sale, the senior vice president directly owned 222,540 shares of the company's stock, valued at $5,118,420. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Ooma Stock Performance
Ooma stock opened at $22.88 on Tuesday. The firm has a 50 day simple moving average of $21.58 and a 200-day simple moving average of $18.43. The stock has a market cap of $631.49 million, a price-to-earnings ratio of 60.21 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. Ooma, Inc. has a 1-year low of $9.79 and a 1-year high of $26.19.
Ooma (NYSE:OOMA - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The firm had revenue of $83.23 million for the quarter, compared to analyst estimates 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. On average, analysts expect that Ooma, Inc. will post 0.87 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. raised its holdings 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 buying an additional 740 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Ooma during the second quarter worth about $50,000. Archer Investment Corp acquired a new position in Ooma during the first quarter worth $96,000. Essential Partners LLC grew its holdings in Ooma by 8.3% during 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 during the period. Finally, Virtus Advisers LLC purchased a new stake in Ooma during the second quarter worth about $176,000. Institutional investors and hedge funds own 80.42% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on OOMA shares. B. Riley Financial increased their target price on shares of Ooma from $24.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. William Blair set a $24.00 price objective on Ooma in a research note on Monday, August 17th. Citigroup reiterated a "market perform" rating on shares of Ooma in a report on Wednesday, May 27th. UBS Group reaffirmed a "buy" rating on shares of Ooma in a research note on Thursday, August 27th. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Ooma 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.00.
Get Our Latest Analysis on OOMA
About Ooma
(
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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