Globeflex Capital L P Makes New Investment in Ooma, Inc. $OOMA

Globeflex Capital L P acquired a new stake in Ooma, Inc. (NYSE:OOMA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 220,363 shares of the technology company’s stock, valued at approximately $4,235,000. Globeflex Capital L P owned approximately 0.80% of Ooma as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP increased its position in shares of Ooma by 247.3% during the first quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock worth $1,029,000 after acquiring an additional 50,347 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Ooma during the 1st quarter valued at approximately $1,415,000. North Star Investment Management Corp. acquired a new stake in Ooma during the 1st quarter valued at approximately $873,000. Bard Associates Inc. purchased a new stake in Ooma during the 2nd quarter worth approximately $558,000. Finally, Hsbc Holdings PLC increased its holdings in Ooma by 107.3% during the 4th quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock worth $1,132,000 after purchasing an additional 50,114 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Insider Buying and Selling at Ooma

In other Ooma news, CEO Eric B. Stang sold 23,212 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $20.00, for a total value of $464,240.00. Following the transaction, the chief executive officer owned 795,506 shares of the company’s stock, valued at $15,910,120. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shigeyuki Hamamatsu sold 27,696 shares of Ooma stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $17.64, for a total value of $488,557.44. Following the completion of the transaction, the chief financial officer owned 193,283 shares of the company’s stock, valued at approximately $3,409,512.12. The trade was a 12.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 118,652 shares of company stock worth $2,225,186. 9.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OOMA shares. Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Monday, August 17th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. UBS Group set a $24.00 price target on shares of Ooma in a report on Wednesday, May 27th. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Finally, Lake Street Capital boosted their target price 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. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Ooma currently has an average rating of “Moderate Buy” and an average target price of $22.75.

Ooma Price Performance

Shares of OOMA opened at $21.95 on Monday. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $22.72. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm has a market cap of $603.62 million, a price-to-earnings ratio of 68.60 and a beta of 1.19. The stock has a 50 day moving average of $20.00 and a 200-day moving average of $16.85.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The business had revenue of $81.15 million for the quarter, compared to analyst estimates 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, analysts forecast that Ooma, Inc. will post 0.8 EPS for the current year.

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.