Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,429 Shares of Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,429 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $23.00, for a total transaction of $32,867.00. Following the transaction, the senior vice president owned 229,859 shares of the company’s stock, valued at $5,286,757. This represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ooma Stock Performance

Shares of OOMA traded down $0.16 during trading hours on Thursday, hitting $22.68. The company’s stock had a trading volume of 421,564 shares, compared to its average volume of 310,016. The business has a 50 day simple moving average of $21.13 and a two-hundred day simple moving average of $17.84. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $26.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market cap of $623.64 million, a price-to-earnings ratio of 59.68 and a beta of 1.20.

Ooma (NYSE:OOMA) last announced 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 analysts’ expectations of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.55%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, equities analysts expect that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in shares of Ooma in the second quarter worth $244,000. California State Teachers Retirement System grew its position in Ooma by 395.6% during the second quarter. California State Teachers Retirement System now owns 6,804 shares of the technology company’s stock worth $131,000 after buying an additional 5,431 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Ooma in the 2nd quarter worth about $549,000. Susquehanna International Group LLP increased its stake in Ooma by 221.3% in the 2nd quarter. Susquehanna International Group LLP now owns 72,537 shares of the technology company’s stock worth $1,394,000 after acquiring an additional 49,963 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Ooma in the 2nd quarter valued at about $1,436,000. Institutional investors own 80.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating on shares of Ooma in a report on Monday, August 17th. Lake Street Capital reiterated a “buy” rating and set a $25.00 price objective on shares of Ooma in a research note on Thursday, August 27th. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a report on Thursday, August 27th. William Blair set a $24.00 target price on Ooma in a research note on Monday, August 17th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Ooma presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

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.