Ooma Inc. (OOMA) VP Sells $36,040.00 in Stock
Ooma Inc. (NYSE:OOMA) VP James A. Gustke sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $9.01, for a total transaction of $36,040.00. Following the completion of the transaction, the vice president now owns 222,163 shares in the company, valued at $2,001,688.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ooma Inc. (NYSE:OOMA) opened at 9.10 on Tuesday. The firm’s 50-day moving average is $8.70 and its 200-day moving average is $7.55. The company’s market capitalization is $158.37 million. Ooma Inc. has a 12 month low of $5.43 and a 12 month high of $9.92.
Ooma (NYSE:OOMA) last released its quarterly earnings results on Tuesday, August 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. The business earned $25.50 million during the quarter, compared to the consensus estimate of $25.21 million. Ooma had a negative return on equity of 32.89% and a negative net margin of 14.33%. Ooma’s quarterly revenue was up 20.9% on a year-over-year basis. Equities analysts anticipate that Ooma Inc. will post ($0.22) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its position in Ooma by 46.2% in the second quarter. BlackRock Fund Advisors now owns 22,626 shares of the company’s stock worth $185,000 after buying an additional 7,150 shares during the last quarter. Renaissance Technologies LLC bought a new position in Ooma during the first quarter worth $261,000. Jacobs Levy Equity Management Inc. bought a new position in Ooma during the first quarter worth $473,000. BlackRock Institutional Trust Company N.A. boosted its position in Ooma by 6.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 58,723 shares of the company’s stock worth $481,000 after buying an additional 3,707 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in Ooma during the second quarter worth $779,000. 22.99% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on OOMA. Zacks Investment Research upgraded shares of Ooma from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Credit Suisse Group AG reiterated a “buy” rating on shares of Ooma in a research report on Wednesday, August 31st. Bank of America Corp. reiterated a “buy” rating and set a $12.00 price target on shares of Ooma in a research report on Wednesday, August 31st. Finally, JMP Securities increased their price target on shares of Ooma from $12.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $12.15.
Ooma Company Profile
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.
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