Russell Mann Sells 20,000 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) Director Russell Mann sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total transaction of $367,000.00. Following the completion of the sale, the director owned 116,115 shares in the company, valued at $2,130,710.25. This represents a 14.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ooma Stock Down 5.1%

Shares of NYSE:OOMA opened at $17.54 on Friday. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $21.96. The company has a market capitalization of $482.46 million, a PE ratio of 54.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. The company has a fifty day moving average of $17.55 and a 200-day moving average of $14.30.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The company had revenue of $81.15 million for the quarter, compared to the consensus estimate 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. On average, equities analysts predict that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OOMA shares. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. UBS Group set a $24.00 target price on shares of Ooma in a report on Wednesday, May 27th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Citigroup reiterated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OOMA. Segall Bryant & Hamill LLC boosted its stake in shares of Ooma by 143.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 198,228 shares of the technology company’s stock valued at $2,377,000 after purchasing an additional 116,767 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in Ooma during the fourth quarter worth $1,877,000. JPMorgan Chase & Co. lifted its holdings in Ooma by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after buying an additional 44,589 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Ooma in the first quarter valued at $5,847,000. Finally, Archer Investment Corp bought a new stake in Ooma during the first quarter valued at $96,000. Institutional investors own 80.42% of the company’s stock.

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.