Press coverage about Ooma (NYSE:OOMA) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ooma earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.6810909551197 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- PCMag Readers Name Ooma Office the Best Business VoIP Phone Service for the Fifth Year in a Row (consumerelectronicsnet.com)
- PCMag Readers Name Ooma Office the Best Business VoIP Phone Service for the Fifth Year in a Row (finance.yahoo.com)
- Equities Analysts Set Expectations for Ooma Inc’s FY2020 Earnings (OOMA) (americanbankingnews.com)
- Ooma (OOMA) Lifted to Neutral at Bank of America (americanbankingnews.com)
- Ravi Narula Sells 4,976 Shares of Ooma Inc (OOMA) Stock (americanbankingnews.com)
OOMA has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and set a $13.00 price objective on shares of Ooma in a research report on Wednesday, November 29th. Northland Securities restated a “buy” rating and set a $13.00 price objective on shares of Ooma in a research report on Friday, December 1st. ValuEngine downgraded shares of Ooma from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Bank of America upgraded shares of Ooma from an “underperform” rating to a “neutral” rating and set a $14.00 price objective on the stock in a research report on Wednesday, March 7th. Finally, Credit Suisse Group restated a “neutral” rating and set a $13.00 price objective (up previously from $12.00) on shares of Ooma in a research report on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Ooma currently has an average rating of “Hold” and an average price target of $14.00.
In other Ooma news, CFO Ravi Narula sold 3,535 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $12.00, for a total transaction of $42,420.00. Following the completion of the sale, the chief financial officer now directly owns 217,522 shares of the company’s stock, valued at $2,610,264. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alison Davis sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $12.11, for a total transaction of $242,200.00. Following the sale, the director now directly owns 36,420 shares of the company’s stock, valued at $441,046.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,896 shares of company stock valued at $573,993. 11.42% of the stock is owned by corporate insiders.
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Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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