Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,948 Shares

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,948 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $23.00, for a total transaction of $44,804.00. Following the completion of the transaction, the senior vice president owned 225,978 shares in the company, valued at approximately $5,197,494. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ooma Stock Performance

Shares of Ooma stock opened at $22.79 on Tuesday. The business has a 50-day moving average price of $21.32 and a two-hundred day moving average price of $18.07. Ooma, Inc. has a 1-year low of $9.79 and a 1-year high of $26.19. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The company has a market cap of $628.95 million, a P/E ratio of 59.97 and a beta of 1.20.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The company had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, analysts anticipate that Ooma, Inc. will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Ooma

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Ooma in the 2nd quarter worth $69,001,000. Hillsdale Investment Management Inc. bought a new stake in Ooma during the 1st quarter valued at $5,847,000. Globeflex Capital L P bought a new stake in Ooma during the 2nd quarter valued at $4,235,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ooma during the second quarter worth $3,746,000. Finally, AWM Investment Company Inc. acquired a new position in Ooma during the second quarter worth $3,341,000. Institutional investors own 80.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OOMA shares. UBS Group reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. William Blair set a $24.00 target price on shares of Ooma in a research note on Monday, August 17th. Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial lifted their price target on shares of Ooma from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, Lake Street Capital reiterated a “buy” rating and set a $25.00 price objective on shares of Ooma in a report on Thursday, August 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.00.

Ooma Company Profile

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.