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

Ooma, Inc. (NYSE:OOMA) Director William Pearce sold 3,000 shares of Ooma stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total transaction of $53,940.00. Following the completion of the transaction, the director owned 181,652 shares of the company’s stock, valued at $3,266,102.96. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ooma Stock Performance

NYSE:OOMA opened at $17.57 on Friday. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $21.96. The firm has a 50 day moving average of $16.99 and a 200-day moving average of $13.89. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $483.04 million, a P/E ratio of 54.89 and a beta of 1.22.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OOMA shares. B. Riley Financial restated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Lake Street Capital boosted their price objective on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, Citigroup restated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.33.

Institutional Trading of Ooma

Institutional investors and hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC raised its position in shares of Ooma by 143.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 198,228 shares of the technology company’s stock valued at $2,377,000 after acquiring an additional 116,767 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Ooma during the 4th quarter valued at $1,877,000. JPMorgan Chase & Co. raised its position in shares of Ooma by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after acquiring an additional 44,589 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Ooma during the 1st quarter valued at $5,847,000. Finally, Archer Investment Corp bought a new stake in shares of Ooma during the 1st quarter valued at $96,000. Institutional investors own 80.42% of the company’s stock.

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.