Spencer D. Jackson Sells 12,720 Shares of Ooma Inc. (OOMA) Stock
Ooma Inc. (NYSE:OOMA) VP Spencer D. Jackson sold 12,720 shares of Ooma stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $9.09, for a total transaction of $115,624.80. Following the sale, the vice president now owns 109,500 shares of the company’s stock, valued at $995,355. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ooma Inc. (NYSE:OOMA) opened at 9.19 on Thursday. The firm’s market capitalization is $159.93 million. The company’s 50 day moving average price is $8.74 and its 200 day moving average price is $7.58. 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 data on Tuesday, August 30th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $25.50 million for the quarter, compared to analyst estimates of $25.21 million. Ooma had a negative net margin of 14.33% and a negative return on equity of 32.89%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. Analysts anticipate that Ooma Inc. will post ($0.22) EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Kavi Asset Management LP boosted its position in Ooma by 62.7% in the second quarter. Kavi Asset Management LP now owns 124,500 shares of the company’s stock valued at $1,020,000 after buying an additional 48,000 shares during the period. 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 valued at $481,000 after buying an additional 3,707 shares during the period. 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 valued at $185,000 after buying an additional 7,150 shares during the period. Vanguard Group Inc. boosted its position in Ooma by 9.6% in the second quarter. Vanguard Group Inc. now owns 235,697 shares of the company’s stock valued at $1,931,000 after buying an additional 20,566 shares during the period. Finally, Boston Partners purchased a new position in Ooma during the second quarter valued at approximately $2,316,000. Hedge funds and other institutional investors own 22.99% of the company’s stock.
A number of equities research analysts have recently issued reports on OOMA shares. Credit Suisse Group AG reiterated a “buy” rating on shares of Ooma in a research report on Tuesday, May 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. Zacks Investment Research upgraded shares of Ooma from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Finally, JMP Securities lifted 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target 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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