Ooma Inc. (OOMA) VP Spencer D. Jackson Sells 1,500 Shares of Stock
Ooma Inc. (NYSE:OOMA) VP Spencer D. Jackson sold 1,500 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $9.00, for a total transaction of $13,500.00. Following the sale, the vice president now directly owns 95,280 shares in the company, valued at $857,520. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Ooma Inc. (NYSE:OOMA) opened at 8.98 on Wednesday. The stock’s 50 day moving average is $8.84 and its 200 day moving average is $7.78. Ooma Inc. has a 12-month low of $5.43 and a 12-month high of $9.92. The stock’s market capitalization is $156.28 million.
Ooma (NYSE:OOMA) last posted its quarterly earnings data on Tuesday, August 30th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The company earned $25.50 million during the quarter, compared to analyst estimates of $25.21 million. Ooma had a negative net margin of 14.33% and a negative return on equity of 32.89%. The business’s revenue was up 20.9% on a year-over-year basis. Analysts forecast that Ooma Inc. will post ($0.22) EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in Ooma during the first quarter valued at approximately $261,000. Jacobs Levy Equity Management Inc. bought a new stake in Ooma during the first quarter valued at approximately $473,000. Emerald Acquisition Ltd. bought a new stake in Ooma during the second quarter valued at approximately $779,000. Boston Partners bought a new stake in Ooma during the second quarter valued at approximately $2,316,000. Finally, Vanguard Group Inc. boosted its stake in Ooma by 9.6% in the second quarter. Vanguard Group Inc. now owns 235,697 shares of the company’s stock valued at $1,931,000 after buying an additional 20,566 shares during the period. 22.73% of the stock is owned by institutional investors.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Ooma from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Bank of America Corp. reissued a “buy” rating and set a $12.00 target price on shares of Ooma in a research note on Wednesday, August 31st. Credit Suisse Group AG reissued a “buy” rating on shares of Ooma in a research note on Wednesday, August 31st. Finally, JMP Securities boosted their target price on shares of Ooma from $12.00 to $14.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.15.
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.
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