Ooma (NYSE:OOMA) Director Sells $53,940.00 in Stock

Ooma, Inc. (NYSE:OOMA) Director William Pearce sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total value of $53,940.00. Following the sale, the director owned 181,652 shares of the company’s stock, valued at approximately $3,266,102.96. This represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ooma Price Performance

Shares of OOMA stock traded down $0.25 during trading on Thursday, hitting $17.28. The company had a trading volume of 314,281 shares, compared to its average volume of 260,633. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.70 and a current ratio of 0.94. The firm has a market capitalization of $475.20 million, a P/E ratio of 54.00 and a beta of 1.22. The stock’s 50-day moving average price is $16.88 and its 200 day moving average price is $13.82. Ooma, Inc. has a one year low of $9.79 and a one year high of $21.96.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Equities analysts expect that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Ooma

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Essential Partners LLC grew its position 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. Meeder Asset Management Inc. boosted its position in 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 buying an additional 740 shares during the period. Royal Bank of Canada boosted its position in Ooma by 24.1% during the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after buying an additional 867 shares during the period. Man Group plc boosted its position in Ooma by 5.1% during the fourth quarter. Man Group plc now owns 18,073 shares of the technology company’s stock valued at $212,000 after buying an additional 880 shares during the period. Finally, GSA Capital Partners LLP boosted its position in Ooma by 1.0% during the fourth quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock valued at $1,308,000 after buying an additional 1,067 shares during the period. Institutional investors own 80.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on OOMA. UBS Group set a $24.00 price target on shares of Ooma in a report on Wednesday, May 27th. Lake Street Capital upped their price target on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Citigroup restated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Finally, Benchmark restated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.33.

Ooma Company Profile

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.