45,702 Shares in Ooma, Inc. $OOMA Acquired by Man Group plc

Man Group plc acquired a new stake in Ooma, Inc. (NYSE:OOMA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,702 shares of the technology company’s stock, valued at approximately $878,000. Man Group plc owned 0.17% of Ooma at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OOMA. IFC & Insurance Marketing Inc. acquired a new position in shares of Ooma in the 4th quarter valued at $34,000. Tower Research Capital LLC TRC increased its holdings in Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,507 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Ooma by 28.3% in 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. Legal & General Group Plc acquired a new position in Ooma in the second quarter valued at about $50,000. Finally, CWM LLC lifted its stake in Ooma by 45.6% in the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after buying an additional 1,378 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

Insider Buying and Selling

In other Ooma news, Director Russell Mann sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $18.35, for a total transaction of $367,000.00. Following the transaction, the director owned 116,115 shares of the company’s stock, valued at $2,130,710.25. The trade was a 14.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jenny Yeh sold 20,966 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $24.05, for a total transaction of $504,232.30. Following the sale, the senior vice president directly owned 237,649 shares in the company, valued at $5,715,458.45. This trade represents a 8.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 117,955 shares of company stock worth $2,376,399 over the last three months. Company insiders own 9.90% of the company’s stock.

Ooma Price Performance

OOMA stock opened at $23.30 on Friday. The stock has a 50-day moving average price of $20.82 and a two-hundred day moving average price of $17.52. The stock has a market cap of $640.75 million, a PE ratio of 61.32 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $26.19.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma had a return on equity of 23.89% and a net margin of 3.57%.Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Equities analysts forecast that Ooma, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OOMA shares. William Blair set a $24.00 target price on Ooma in a research report on Monday, August 17th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. B. Riley Financial raised their price objective on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of Ooma in a report on Thursday, August 27th. Finally, Benchmark reissued a “buy” rating on shares of Ooma in a research note on Monday, August 17th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ooma currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Key Headlines Impacting Ooma

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Analysts raised several earnings forecasts. Lake Street Capital increased its FY2027 EPS estimate to $0.86 from $0.79 and its FY2028 estimate to $0.86 from $0.83. Benchmark lifted its FY2027 estimate to $0.89 from $0.83 and its FY2028 estimate to $1.03 from $0.98. Citizens JMP also raised its FY2027 estimate to $0.83 from $0.77 and FY2028 to $0.96 from $0.90. These revisions reinforce expectations for improving profitability at Ooma. Analyst earnings estimate reports
• Positive Sentiment: Buy ratings and a $25 price target provide support. Lake Street Capital and Benchmark maintained Buy ratings; Lake Street’s $25 target remains above the stock’s referenced trading level. Citizens JMP’s estimates imply EPS growth from the current-year consensus of $0.86 to $0.96 in FY2028 and $1.20 in FY2029, although its FY2029 estimate was modestly reduced. Ooma analyst ratings and estimates
• Neutral Sentiment: Ooma will meet institutional investors on September 23. CEO Eric Stang, CFO Shig Hamamatsu and senior corporate-development executive Chris Burgy are scheduled to hold virtual meetings during the NYSE Investor Access Technology Day. The event could offer updates on strategy, growth and artificial-intelligence initiatives, but no new guidance was announced. Ooma NYSE Investor Access Technology Day announcement
• Neutral Sentiment: Industry views on AI-enabled VoIP and unified communications are mixed. The broader assessment suggests that AI capabilities vary considerably among providers, making the article relevant to Ooma’s competitive positioning but offering no specific new product or financial information about the company. AI capabilities in VoIP and unified communications offerings
• Negative Sentiment: Some estimate reductions temper the optimism. Citizens JMP lowered its Q1 2029 EPS forecast to $0.28 from $0.29, its Q3 2028 estimate to $0.24 from $0.25, and its FY2029 estimate to $1.20 from $1.21. Lake Street also trimmed its Q4 2027 estimate to $0.19 from $0.20. These cuts indicate that the outlook is positive overall but not uniformly improving.

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.