Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,226 Shares

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,226 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $23.00, for a total value of $28,198.00. Following the completion of the sale, the senior vice president directly owned 232,601 shares of the company’s stock, valued at $5,349,823. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ooma Price Performance

NYSE OOMA opened at $23.30 on Friday. The company has a market cap of $640.75 million, a PE ratio of 61.32 and a beta of 1.20. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $26.19. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $20.82 and its two-hundred day simple moving average is $17.52.

Ooma (NYSE:OOMA) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $83.23 million during the quarter, compared to the consensus estimate of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.89%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Research analysts predict that Ooma, Inc. will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Ooma in the second quarter worth $69,001,000. Vanguard Group Inc. grew its position in Ooma by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after buying an additional 34,960 shares in the last quarter. Renaissance Technologies LLC increased its stake in Ooma by 12.2% in the 1st quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock worth $13,273,000 after acquiring an additional 99,100 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Ooma by 4.0% in the 4th quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock worth $6,757,000 after acquiring an additional 22,125 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Ooma by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after acquiring an additional 76,088 shares in the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. William Blair set a $24.00 price objective on Ooma in a research note on Monday, August 17th. Benchmark restated a “buy” rating on shares of Ooma in a research note on Monday, August 17th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Lake Street Capital reiterated a “buy” rating and set a $25.00 price target on shares of Ooma in a research report on Thursday, August 27th. Finally, UBS Group reissued a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Ooma News Summary

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Ooma’s fiscal second-quarter results highlighted accelerating growth: revenue rose 25% year over year to $83.2 million, business subscription and services revenue increased 38%, and adjusted EBITDA climbed 74% to $12.4 million. EPS of $0.35 also exceeded the $0.33 consensus estimate. The growth is being helped by the ongoing retirement of copper phone networks, which is driving demand for Ooma’s communications products. Ooma Rides A Phone Line Extinction Into Faster Growth
• Positive Sentiment: Analyst revisions were broadly constructive after the earnings report. Lake Street Capital raised its fiscal 2027 EPS forecast to $0.86 from $0.79 and maintained a Buy rating with a $25 price target. Benchmark lifted its fiscal 2027 estimate to $0.89 and fiscal 2028 estimate to $1.03, while Citizens JMP raised several quarterly and annual estimates, including fiscal 2028 EPS to $0.96. These changes reinforce expectations for continued earnings growth. Ooma Analyst Estimate Revisions
• Neutral Sentiment: Ooma will participate in the virtual NYSE Investor Access Technology Day on September 23, with meetings hosted by CEO Eric Stang, CFO Shig Hamamatsu and SVP Chris Burgy. The event could provide additional details on growth initiatives, but it is not an immediate financial catalyst. Ooma NYSE Investor Access Technology Day
• Neutral Sentiment: Industry commentary on artificial intelligence capabilities in VoIP and unified communications produced mixed ratings, leaving the competitive impact on Ooma unclear. AI Capabilities in VoIP and UC Offerings
• Negative Sentiment: CFO Shigeyuki Hamamatsu and SVP Jenny Yeh sold shares worth approximately $107,000 and $28,000, respectively. Both retained substantial holdings, making the sales relatively small, but insider selling can weigh modestly on sentiment.

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.