Ooma (NYSE:OOMA) Hits New 52-Week High – Here’s Why

Ooma, Inc. (NYSE:OOMA)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.59 and last traded at $19.5250, with a volume of 24201 shares changing hands. The stock had previously closed at $19.36.

Analyst Ratings Changes

A number of research firms have commented on OOMA. B. Riley Financial reissued a “buy” rating on shares of Ooma in a report on Monday. Benchmark reissued a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Ooma presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Ooma Stock Up 0.1%

The firm has a market cap of $532.87 million, a price-to-earnings ratio of 88.05 and a beta of 1.20. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $15.52 and a 200-day moving average price of $13.02.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $74.58 million during the quarter, compared to the consensus estimate of $72.55 million. Ooma had a return on equity of 15.60% and a net margin of 2.36%.Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. On average, equities analysts forecast that Ooma, Inc. will post 0.78 EPS for the current year.

Insider Activity

In other news, CFO Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock in a transaction on Friday, March 6th. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80. Following the completion of the transaction, the chief financial officer owned 231,128 shares of the company’s stock, valued at $3,286,640.16. The trade was a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 9.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ooma

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in Ooma by 465.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,589 shares of the technology company’s stock valued at $31,000 after buying an additional 2,131 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in Ooma in the 4th quarter valued at approximately $34,000. CWM LLC lifted its stake in Ooma by 50.5% in the 3rd quarter. CWM LLC now owns 3,022 shares of the technology company’s stock valued at $36,000 after buying an additional 1,014 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after buying an additional 740 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after buying an additional 2,507 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

About Ooma

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.