Ooma (NYSE:OOMA) Getting Favorable News Coverage, Accern Reports

Media headlines about Ooma (NYSE:OOMA) have trended positive on Thursday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ooma earned a news impact score of 0.31 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.1559731699 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Ooma stock opened at $11.40 on Thursday. Ooma has a one year low of $7.30 and a one year high of $12.75. The company has a market cap of $218.35, a P/E ratio of -16.06 and a beta of 0.86.

Several research analysts have recently issued reports on OOMA shares. B. Riley increased their price objective on shares of Ooma from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Northland Securities reiterated a “buy” rating and issued a $13.00 price objective on shares of Ooma in a report on Friday, December 1st. Zacks Investment Research lowered shares of Ooma from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Credit Suisse Group reissued a “neutral” rating and set a $13.00 target price (up from $12.00) on shares of Ooma in a research note on Wednesday, March 7th. Finally, Bank of America raised shares of Ooma from an “underperform” rating to a “neutral” rating and set a $14.00 target price for the company in a research note on Wednesday, March 7th. Two investment 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’s stock. Ooma has an average rating of “Hold” and an average price target of $14.00.

In related news, VP Spencer D. Jackson sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 108,509 shares in the company, valued at approximately $1,226,151.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric B. Stang sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $11.59, for a total transaction of $115,900.00. Following the completion of the sale, the chief executive officer now owns 266,500 shares of the company’s stock, valued at approximately $3,088,735. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,756 shares of company stock valued at $627,239. Company insiders own 11.42% of the company’s stock.

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About Ooma

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.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

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