Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Ooma (OOMA) Stock Price

News articles about Ooma (NYSE:OOMA) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ooma earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 44.0115574150015 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several brokerages have issued reports on OOMA. B. Riley reaffirmed a “buy” rating and set a $13.00 price objective on shares of Ooma in a research report on Wednesday, November 29th. Northland Securities reissued a “buy” rating and issued a $10.75 price target on shares of Ooma in a report on Wednesday, October 4th. Finally, ValuEngine cut Ooma from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Ooma currently has an average rating of “Hold” and an average target price of $12.67.

Ooma (NYSE:OOMA) traded down $0.05 during midday trading on Monday, hitting $11.80. The stock had a trading volume of 29,900 shares, compared to its average volume of 33,878. The company has a market cap of $224.04, a P/E ratio of -16.39 and a beta of 1.37. Ooma has a 52-week low of $7.30 and a 52-week high of $12.75.

Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The company had revenue of $28.50 million for the quarter, compared to the consensus estimate of $28.04 million. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. Ooma’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) EPS. equities analysts forecast that Ooma will post -0.7 earnings per share for the current fiscal year.

In other Ooma news, CEO Eric B. Stang sold 10,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $11.22, for a total value of $112,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,257,704 shares in the company, valued at approximately $14,111,438.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP James A. Gustke sold 8,485 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $11.23, for a total value of $95,286.55. Following the sale, the vice president now owns 173,689 shares of the company’s stock, valued at $1,950,527.47. The disclosure for this sale can be found here. Insiders sold a total of 53,825 shares of company stock worth $630,697 in the last ninety days. 11.42% of the stock is currently owned by corporate insiders.

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Ooma Company Profile

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

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