GSA Capital Partners LLP Purchases Shares of 26,368 Ooma, Inc. $OOMA

GSA Capital Partners LLP purchased a new stake in shares of Ooma, Inc. (NYSE:OOMA) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 26,368 shares of the technology company’s stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Essential Partners LLC increased its position in shares of Ooma by 8.3% in the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after purchasing an additional 626 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Ooma by 28.3% during the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after purchasing an additional 740 shares during the last quarter. Royal Bank of Canada lifted its position in Ooma by 24.1% during the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after purchasing an additional 867 shares during the last quarter. Man Group plc grew its stake in Ooma by 5.1% in the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after buying an additional 880 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Ooma by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 111,251 shares of the technology company’s stock worth $1,435,000 after buying an additional 1,137 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Trading Up 7.0%

Shares of OOMA opened at $21.95 on Friday. The firm has a market cap of $603.62 million, a price-to-earnings ratio of 68.60 and a beta of 1.19. 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 $22.72. The firm has a 50 day moving average price of $20.00 and a 200-day moving average price of $16.82.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $81.15 million for the quarter, compared to analyst estimates 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 research analysts forecast that Ooma, Inc. will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

OOMA has been the topic of several research reports. William Blair set a $24.00 price objective on shares of Ooma in a research report on Monday. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Ooma in a research report on Monday. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Ooma has an average rating of “Moderate Buy” and an average target price of $22.75.

Insider Buying and Selling at Ooma

In other news, CFO Shigeyuki Hamamatsu sold 27,696 shares of Ooma stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $17.64, for a total value of $488,557.44. Following the transaction, the chief financial officer owned 193,283 shares in the company, valued at approximately $3,409,512.12. The trade was a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Russell Mann sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total value of $367,000.00. Following the completion of the sale, the director directly owned 116,115 shares of the company’s stock, valued at approximately $2,130,710.25. This trade represents a 14.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 118,652 shares of company stock valued at $2,225,186. 9.90% of the stock is currently owned by insiders.

Ooma Company 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.