Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,429 Shares of Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,429 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $23.00, for a total transaction of $32,867.00. Following the completion of the sale, the senior vice president directly owned 229,859 shares in the company, valued at $5,286,757. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ooma Price Performance

OOMA stock traded down $0.16 during midday trading on Thursday, reaching $22.68. The company had a trading volume of 421,564 shares, compared to its average volume of 310,016. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.69. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $26.19. The company has a market capitalization of $623.64 million, a P/E ratio of 59.68 and a beta of 1.20. The firm has a 50-day moving average price of $21.13 and a 200-day moving average price of $17.84.

Ooma (NYSE:OOMA) last posted its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The firm had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, research analysts anticipate that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Citigroup restated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Ooma in a research note on Thursday, August 27th. Benchmark reiterated a “buy” rating on shares of Ooma in a research report on Monday, August 17th. Finally, B. Riley Financial lifted their price target on shares of Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Essential Partners LLC boosted its holdings in Ooma by 8.3% during the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock valued at $119,000 after acquiring an additional 626 shares during the period. Meeder Asset Management Inc. increased its stake in Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares during the period. Royal Bank of Canada lifted its position in Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after purchasing an additional 867 shares during the last quarter. Man Group plc lifted its position in Ooma by 5.1% in the fourth quarter. Man Group plc now owns 18,073 shares of the technology company’s stock valued at $212,000 after purchasing an additional 880 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of 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 purchasing an additional 1,067 shares during the period. Hedge funds and other institutional investors own 80.42% of the company’s stock.

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.