Ooma, Inc. $OOMA Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Ooma, Inc. (NYSE:OOMA) by 32.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,481 shares of the technology company’s stock after acquiring an additional 50,413 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ooma were worth $3,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IFC & Insurance Marketing Inc. acquired a new stake in Ooma during the fourth quarter valued at approximately $34,000. Tower Research Capital LLC TRC boosted its stake in shares of Ooma by 225.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after acquiring an additional 2,507 shares in the last quarter. CWM LLC grew its holdings in shares of Ooma by 45.6% in the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,378 shares during the last quarter. Royal Bank of Canada raised 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 during the period. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Ooma during the fourth quarter worth $59,000. 80.42% of the stock is owned by institutional investors and hedge funds.

Ooma Stock Performance

Shares of OOMA stock opened at $19.22 on Wednesday. Ooma, Inc. has a 1-year low of $9.79 and a 1-year high of $21.96. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $528.63 million, a price-to-earnings ratio of 60.07 and a beta of 1.22. The stock’s fifty day simple moving average is $17.79 and its 200-day simple moving average is $14.46.

Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.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, sell-side analysts predict that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Shigeyuki Hamamatsu sold 27,696 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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. This trade represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William D. Pearce sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total transaction of $53,940.00. Following the transaction, the director directly owned 181,652 shares in the company, valued at $3,266,102.96. The trade was a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,362 shares of company stock worth $1,421,318 over the last quarter. Company insiders own 9.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OOMA. Citigroup reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Lake Street Capital lifted their target price on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research report 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.33.

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.