Jenny Yeh Sells 1,948 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 1,948 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $23.00, for a total transaction of $44,804.00. Following the sale, the senior vice president owned 225,978 shares in the company, valued at $5,197,494. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Ooma Stock Down 0.8%

OOMA opened at $22.64 on Wednesday. Ooma, Inc. has a 12 month low of $9.79 and a 12 month high of $26.19. The company has a market cap of $624.73 million, a PE ratio of 59.57 and a beta of 1.20. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $21.37 and a 200 day moving average of $18.15.

Ooma (NYSE:OOMA) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.55%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, sell-side analysts expect that Ooma, Inc. will post 0.87 EPS for the current year.

More Ooma News

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: StarDial expands Ooma’s addressable market. Ooma said StarDial will provide affordable home-phone service in locations where traditional broadband or wired telephone infrastructure is unavailable, using Starlink satellite connectivity. The offering could help Ooma reach underserved residential customers and deepen its relationship with Starlink users, although revenue contributions and adoption rates remain uncertain. Ooma Introduces StarDial announcement
• Neutral Sentiment: Ooma’s valuation leaves limited room for disappointment. The stock is trading well above its 200-day moving average and near its 52-week high, with a price-to-earnings ratio near 60. Recent quarterly results exceeded expectations, and analysts maintain a “Moderate Buy” consensus with an average price target of $25; however, the elevated valuation means investors may look for evidence that StarDial can produce meaningful growth. Ooma analyst and market data
• Negative Sentiment: Multiple executives sold shares. CEO Eric Stang sold a combined 40,000 shares for approximately $920,000, while SVP Jenny Yeh sold 1,948 shares for about $44,800 and Chief Accounting Officer Namrata Sabharwal sold 2,481 shares for roughly $57,600. The sales were relatively small compared with the executives’ remaining holdings, so they do not necessarily signal weakening business prospects, but the concentration of insider selling could create near-term pressure on investor sentiment. Ooma executive stock sales

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OOMA. UBS Group reiterated a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Lake Street Capital reiterated a “buy” rating and issued a $25.00 target price on shares of Ooma in a research note on Thursday, August 27th. Benchmark reissued a “buy” rating on shares of Ooma in a report on Monday, August 17th. Finally, B. Riley Financial boosted their price target on shares of Ooma from $24.00 to $27.00 and gave the company a “buy” rating 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 company. Based on data from MarketBeat.com, Ooma has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Institutional Trading of Ooma

A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc bought a new position in Ooma in the second quarter valued at $50,000. Meeder Asset Management Inc. lifted its stake in 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. Archer Investment Corp bought a new stake in Ooma during the first quarter worth about $96,000. Essential Partners LLC boosted its holdings in shares of Ooma by 8.3% in the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after purchasing an additional 626 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Ooma in the 2nd quarter worth about $176,000. 80.42% of the stock is owned by institutional investors.

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.