45,702 Shares in Ooma, Inc. $OOMA Acquired by Man Group plc

Man Group plc purchased a new stake in Ooma, Inc. (NYSE:OOMA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,702 shares of the technology company’s stock, valued at approximately $878,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP boosted its stake in Ooma by 247.3% in the 1st quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock valued at $1,029,000 after purchasing an additional 50,347 shares during the period. Lazard Asset Management LLC bought a new stake in Ooma during the first quarter worth $1,415,000. Hsbc Holdings PLC raised its holdings in shares of 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 buying an additional 50,114 shares in the last quarter. Bard Associates Inc. acquired a new position in Ooma during the second quarter worth about $558,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Ooma in the 1st quarter valued at approximately $873,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Monday, August 17th. William Blair set a $24.00 price objective on Ooma in a report on Monday, August 17th. Lake Street Capital restated a “buy” rating and set a $25.00 price objective on shares of Ooma in a research report on Thursday, August 27th. Finally, B. Riley Financial upped their target price on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Key Headlines Impacting Ooma

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Analysts raised several earnings forecasts. Lake Street Capital increased its FY2027 EPS estimate to $0.86 from $0.79 and its FY2028 estimate to $0.86 from $0.83. Benchmark lifted its FY2027 estimate to $0.89 from $0.83 and its FY2028 estimate to $1.03 from $0.98. Citizens JMP also raised its FY2027 estimate to $0.83 from $0.77 and FY2028 to $0.96 from $0.90. These revisions reinforce expectations for improving profitability at Ooma. Analyst earnings estimate reports
• Positive Sentiment: Buy ratings and a $25 price target provide support. Lake Street Capital and Benchmark maintained Buy ratings; Lake Street’s $25 target remains above the stock’s referenced trading level. Citizens JMP’s estimates imply EPS growth from the current-year consensus of $0.86 to $0.96 in FY2028 and $1.20 in FY2029, although its FY2029 estimate was modestly reduced. Ooma analyst ratings and estimates
• Neutral Sentiment: Ooma will meet institutional investors on September 23. CEO Eric Stang, CFO Shig Hamamatsu and senior corporate-development executive Chris Burgy are scheduled to hold virtual meetings during the NYSE Investor Access Technology Day. The event could offer updates on strategy, growth and artificial-intelligence initiatives, but no new guidance was announced. Ooma NYSE Investor Access Technology Day announcement
• Neutral Sentiment: Industry views on AI-enabled VoIP and unified communications are mixed. The broader assessment suggests that AI capabilities vary considerably among providers, making the article relevant to Ooma’s competitive positioning but offering no specific new product or financial information about the company. AI capabilities in VoIP and unified communications offerings
• Negative Sentiment: Some estimate reductions temper the optimism. Citizens JMP lowered its Q1 2029 EPS forecast to $0.28 from $0.29, its Q3 2028 estimate to $0.24 from $0.25, and its FY2029 estimate to $1.20 from $1.21. Lake Street also trimmed its Q4 2027 estimate to $0.19 from $0.20. These cuts indicate that the outlook is positive overall but not uniformly improving.

Ooma Stock Performance

NYSE:OOMA opened at $23.30 on Friday. The company has a market capitalization of $640.75 million, a PE ratio of 61.32 and a beta of 1.20. The company has a 50 day simple moving average of $20.82 and a two-hundred day simple moving average of $17.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. Ooma, Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $26.19.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.89%. The firm had revenue of $83.23 million for the quarter, compared to the consensus estimate 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. Research analysts anticipate that Ooma, Inc. will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Ooma

In other Ooma news, CEO Eric B. Stang sold 27,666 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $18.50, for a total transaction of $511,821.00. Following the completion of the sale, the chief executive officer directly owned 818,718 shares in the company, valued at approximately $15,146,283. This trade represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William D. Pearce sold 3,000 shares of Ooma stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total value of $53,940.00. Following the completion of the transaction, the director directly owned 181,652 shares of the company’s stock, valued at approximately $3,266,102.96. This trade represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 117,955 shares of company stock valued at $2,376,399 over the last three months. 9.90% of the stock is currently owned by corporate insiders.

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.