Ooma (NYSE:OOMA) Director William Pearce Sells 3,000 Shares of Stock

Ooma, Inc. (NYSE:OOMA) Director William Pearce sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total transaction of $53,940.00. Following the completion of the sale, the director directly owned 181,652 shares of the company’s stock, valued at $3,266,102.96. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ooma Stock Performance

OOMA stock opened at $17.28 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $475.20 million, a price-to-earnings ratio of 54.00 and a beta of 1.22. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $21.96. The firm has a 50 day moving average of $16.93 and a two-hundred day moving average of $13.86.

Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. 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, equities analysts anticipate that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OOMA shares. Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Citigroup reissued a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Lake Street Capital increased their price target on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

Hedge Funds Weigh In On Ooma

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Essential Partners LLC lifted its holdings in shares of Ooma by 8.3% during the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after acquiring an additional 626 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after acquiring an additional 740 shares during the period. Royal Bank of Canada lifted its holdings in shares of Ooma by 24.1% during the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after acquiring an additional 867 shares during the period. Man Group plc lifted its holdings in shares of Ooma by 5.1% during the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after acquiring an additional 880 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of Ooma by 1.0% during the 4th quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock worth $1,308,000 after purchasing an additional 1,067 shares in the last quarter. 80.42% of the stock is owned by institutional investors.

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.