North Star Investment Management Corp. Buys Shares of 60,000 Ooma, Inc. $OOMA

North Star Investment Management Corp. bought a new stake in Ooma, Inc. (NYSE:OOMA) in the first quarter, Holdings Channel.com reports. The institutional investor bought 60,000 shares of the technology company’s stock, valued at approximately $873,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFC & Insurance Marketing Inc. purchased a new position in shares of Ooma during the fourth quarter valued at $34,000. Tower Research Capital LLC TRC lifted its stake in Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after acquiring an additional 2,507 shares in the last quarter. CWM LLC lifted its stake in Ooma by 45.6% in the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,378 shares in the last quarter. Royal Bank of Canada boosted its position in 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. Finally, Kemnay Advisory Services Inc. acquired a new stake in Ooma during the 4th quarter worth about $59,000. Institutional investors and hedge funds own 80.42% of the company’s stock.

Insider Buying and Selling at Ooma

In other Ooma news, Director William D. Pearce sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total transaction of $53,940.00. Following the transaction, 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 SEC, which is available through the SEC website. Also, CEO Eric B. Stang sold 27,666 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $18.50, for a total value of $511,821.00. Following the transaction, the chief executive officer owned 818,718 shares in the company, valued at approximately $15,146,283. This trade represents a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 78,362 shares of company stock valued at $1,421,318. Corporate insiders own 9.90% of the company’s stock.

Ooma Stock Performance

OOMA stock opened at $19.45 on Tuesday. The firm has a 50 day moving average of $17.72 and a two-hundred day moving average of $14.40. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $21.96. The company has a market capitalization of $534.79 million, a price-to-earnings ratio of 60.77 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OOMA shares. Lake Street Capital lifted their target price on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Citigroup reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research note 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

Ooma 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.