Jenny Yeh Sells 2,481 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 2,481 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $20.03, for a total value of $49,694.43. Following the completion of the sale, the senior vice president directly owned 262,134 shares of the company’s stock, valued at $5,250,544.02. This trade represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ooma Stock Performance

Shares of OOMA stock opened at $20.18 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69. The firm has a 50-day moving average of $18.38 and a 200-day moving average of $14.89. Ooma, Inc. has a one year low of $9.79 and a one year high of $21.96. The company has a market cap of $555.09 million, a P/E ratio of 63.08 and a beta of 1.20.

Ooma (NYSE:OOMA) last posted its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $81.15 million during the quarter, compared to analyst estimates of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Equities research analysts forecast that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

OOMA has been the subject of a number of analyst reports. UBS Group set a $24.00 price objective on Ooma in a research report on Wednesday, May 27th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. Citigroup reissued a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Finally, Lake Street Capital upped their target price 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Ooma presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Hedge Funds Weigh In On Ooma

Several hedge funds have recently modified their holdings of OOMA. North Star Investment Management Corp. purchased a new stake in Ooma in the 1st quarter worth $873,000. Nano Cap New Millennium Growth Fund L P purchased a new position in Ooma in the 4th quarter worth about $1,877,000. JPMorgan Chase & Co. lifted its position in Ooma by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock valued at $6,641,000 after acquiring an additional 44,589 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Ooma by 32.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 206,481 shares of the technology company’s stock worth $3,004,000 after buying an additional 50,413 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of Ooma by 1.0% in the fourth 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. Hedge funds and other 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.