Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,747 Shares of Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,747 shares of Ooma stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $23.00, for a total value of $40,181.00. Following the transaction, the senior vice president owned 222,540 shares of the company’s stock, valued at $5,118,420. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ooma Stock Up 0.7%

Shares of Ooma stock traded up $0.15 on Monday, hitting $22.88. The company had a trading volume of 497,780 shares, compared to its average volume of 320,817. The stock has a market capitalization of $631.49 million, a price-to-earnings ratio of 60.21 and a beta of 1.20. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $26.19. The stock has a 50 day moving average of $21.53 and a 200-day moving average of $18.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (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 analysts’ expectations 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, sell-side analysts forecast that Ooma, Inc. will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in shares of Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares during the last quarter. Legal & General Group Plc purchased a new position in Ooma in the second quarter valued at approximately $50,000. Archer Investment Corp purchased a new position in Ooma in the first quarter valued at approximately $96,000. Essential Partners LLC lifted its stake in Ooma by 8.3% in the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock valued at $119,000 after purchasing an additional 626 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in Ooma during the second quarter valued at $176,000. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on OOMA shares. William Blair set a $24.00 target price on shares of Ooma in a research note on Monday, August 17th. Benchmark restated a “buy” rating on shares of Ooma in a report on Monday, August 17th. B. Riley Financial upped their price objective on shares of Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. UBS Group reiterated a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Finally, Lake Street Capital reissued a “buy” rating and set a $25.00 target price on shares of Ooma in a research 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 stock. Based on data from MarketBeat, Ooma currently has a consensus rating of “Moderate Buy” and an average price target 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.