Jenny Yeh Sells 12,840 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 12,840 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $19.57, for a total transaction of $251,278.80. Following the completion of the sale, the senior vice president directly owned 264,615 shares in the company, valued at $5,178,515.55. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ooma Trading Down 3.2%

Shares of NYSE OOMA opened at $19.55 on Thursday. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $21.96. The stock has a market cap of $537.49 million, a P/E ratio of 61.08 and a beta of 1.20. The firm has a 50-day moving average of $18.23 and a 200 day moving average of $14.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69.

Ooma (NYSE:OOMA) last posted its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Ooma had a net margin of 3.17% and a return on equity of 20.21%. The business had revenue of $81.15 million for the quarter, compared to analyst estimates of $79.84 million. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. As a group, sell-side analysts expect that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Ooma

Several large investors have recently bought and sold shares of OOMA. North Star Investment Management Corp. purchased a new stake in shares of Ooma during the 1st quarter valued at about $873,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Ooma during the fourth quarter valued at approximately $1,877,000. JPMorgan Chase & Co. raised its holdings in shares of Ooma by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after purchasing an additional 44,589 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Ooma by 32.3% during the first quarter. Assenagon Asset Management S.A. now owns 206,481 shares of the technology company’s stock valued at $3,004,000 after purchasing an additional 50,413 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after purchasing an additional 99,100 shares during the period. 80.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on OOMA. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. UBS Group set a $24.00 price target on Ooma in a research report on Wednesday, May 27th. Citigroup reiterated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Lake Street Capital increased their price objective on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, B. Riley Financial restated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Ooma has an average rating of “Moderate Buy” and an average price target 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.