Ooma Inc (NYSE:OOMA) VP James A. Gustke sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $15.34, for a total transaction of $84,370.00. Following the completion of the sale, the vice president now directly owns 127,275 shares of the company’s stock, valued at $1,952,398.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of OOMA stock traded down $0.29 during mid-day trading on Friday, reaching $13.92. The company’s stock had a trading volume of 518 shares, compared to its average volume of 58,399. Ooma Inc has a 1-year low of $9.30 and a 1-year high of $17.50. The stock has a market cap of $279.50 million, a price-to-earnings ratio of -20.17 and a beta of 0.96.

Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, November 27th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. Ooma had a negative net margin of 11.23% and a negative return on equity of 36.11%. The company had revenue of $32.61 million during the quarter, compared to analysts’ expectations of $31.74 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The business’s revenue was up 14.4% on a year-over-year basis. On average, research analysts forecast that Ooma Inc will post -0.69 EPS for the current year.

Several hedge funds have recently made changes to their positions in OOMA. Engineers Gate Manager LP acquired a new position in shares of Ooma in the 2nd quarter valued at $157,000. Bank of Montreal Can raised its stake in shares of Ooma by 7,344.6% in the 3rd quarter. Bank of Montreal Can now owns 9,678 shares of the technology company’s stock valued at $160,000 after buying an additional 9,548 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Ooma in the 3rd quarter valued at $168,000. Trexquant Investment LP acquired a new position in shares of Ooma in the 2nd quarter valued at $173,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Ooma in the 3rd quarter valued at $183,000. Institutional investors own 76.63% of the company’s stock.

OOMA has been the subject of a number of research reports. B. Riley increased their price target on shares of Ooma from $15.50 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Credit Suisse Group initiated coverage on shares of Ooma in a report on Friday, August 10th. They issued a “neutral” rating and a $13.00 price target for the company. William Blair raised shares of Ooma from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 28th. Finally, Zacks Investment Research upgraded shares of Ooma from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $15.80.

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About Ooma

Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.

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