Hsbc Holdings PLC Boosts Holdings in Ooma, Inc. $OOMA

Hsbc Holdings PLC raised its position in Ooma, Inc. (NYSE:OOMA) by 107.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,830 shares of the technology company’s stock after acquiring an additional 50,114 shares during the period. Hsbc Holdings PLC’s holdings in Ooma were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of OOMA. Royal Bank of Canada increased its position in shares of Ooma by 24.1% during the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after purchasing an additional 867 shares in the last quarter. Man Group plc boosted its position in shares of Ooma by 5.1% in the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after purchasing an additional 880 shares in the last quarter. GSA Capital Partners LLP grew its stake in Ooma by 1.0% during the 4th quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock worth $1,308,000 after buying an additional 1,067 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Ooma by 1.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 111,251 shares of the technology company’s stock worth $1,435,000 after buying an additional 1,137 shares during the last quarter. Finally, CWM LLC increased its position in Ooma by 45.6% during the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after buying an additional 1,378 shares in the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. UBS Group set a $24.00 price objective on shares of 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. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Finally, Lake Street Capital upped their price target on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Ooma Trading Up 0.0%

OOMA stock opened at $20.18 on Monday. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $21.96. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The firm has a market cap of $555.09 million, a P/E ratio of 63.08 and a beta of 1.20. The company’s 50-day simple moving average is $18.38 and its 200-day simple moving average is $14.92.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. As a group, equities analysts forecast that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Insider Transactions at Ooma

In related news, CFO Shigeyuki Hamamatsu sold 27,696 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $17.64, for a total transaction of $488,557.44. Following the completion of the sale, the chief financial officer directly owned 193,283 shares in the company, valued at approximately $3,409,512.12. The trade was a 12.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William D. Pearce sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total value of $53,940.00. Following the completion of the transaction, the director directly owned 181,652 shares of the company’s stock, valued at approximately $3,266,102.96. This represents a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 93,683 shares of company stock worth $1,722,292 in the last three months. 9.90% of the stock is owned by corporate insiders.

Ooma 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.