Ooma (NYSE:OOMA) Shares Pass Above 50 Day Moving Average – Time to Sell?

Shares of Ooma, Inc. (NYSE:OOMA) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $15.52 and traded as high as $19.51. Ooma shares last traded at $19.3510, with a volume of 315,821 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark restated a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a report on Monday. Three 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Ooma Stock Performance

The stock has a market capitalization of $532.35 million, a P/E ratio of 87.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The company’s fifty day simple moving average is $15.52 and its two-hundred day simple moving average is $13.02.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $74.58 million for the quarter, compared to analysts’ expectations of $72.55 million. Ooma had a net margin of 2.36% and a return on equity of 15.60%. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. As a group, equities analysts forecast that Ooma, Inc. will post 0.78 EPS for the current year.

Insiders Place Their Bets

In other Ooma news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $14.22, for a total value of $153,433.80. Following the transaction, the chief financial officer directly owned 231,128 shares of the company’s stock, valued at $3,286,640.16. This represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OOMA. Amundi bought a new position in Ooma in the 1st quarter valued at about $387,000. AQR Capital Management LLC bought a new position in Ooma in the 1st quarter valued at about $478,000. Millennium Management LLC increased its holdings in shares of Ooma by 81.6% during the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock worth $4,144,000 after purchasing an additional 142,220 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Ooma by 4.8% during the first quarter. Goldman Sachs Group Inc. now owns 248,612 shares of the technology company’s stock worth $3,254,000 after purchasing an additional 11,300 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Ooma by 162.6% during the first quarter. Jane Street Group LLC now owns 34,227 shares of the technology company’s stock worth $448,000 after purchasing an additional 21,192 shares during the period. 80.42% of the stock is owned by institutional investors.

About Ooma

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.