William Pearce Sells 3,000 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) Director William Pearce sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total value of $53,940.00. Following the completion of the transaction, the director directly owned 181,652 shares of the company’s stock, valued at $3,266,102.96. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ooma Stock Performance

Shares of OOMA opened at $17.57 on Friday. The stock has a 50 day moving average price of $16.99 and a 200 day moving average price of $13.89. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $483.04 million, a price-to-earnings ratio of 54.89 and a beta of 1.22. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $21.96.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Research analysts predict that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Ooma

Large investors have recently modified their holdings of the company. IFC & Insurance Marketing Inc. acquired a new stake in shares of Ooma in the fourth quarter valued at approximately $34,000. Tower Research Capital LLC TRC boosted its holdings in shares of Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after acquiring an additional 2,507 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Ooma by 28.3% during the first 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. CWM LLC raised its stake in shares of Ooma by 45.6% during the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Ooma by 24.1% during the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after purchasing an additional 867 shares during the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OOMA. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. Lake Street Capital increased their price objective on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Benchmark reissued a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Finally, UBS Group set a $24.00 price objective on Ooma in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Ooma Company Profile

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.