Eric Stang Sells 23,212 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) CEO Eric Stang sold 23,212 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $20.00, for a total value of $464,240.00. Following the completion of the sale, the chief executive officer directly owned 795,506 shares of the company’s stock, valued at $15,910,120. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ooma Stock Performance

NYSE OOMA opened at $20.52 on Wednesday. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $21.96. 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 market cap of $564.36 million, a price-to-earnings ratio of 64.13 and a beta of 1.20. The company has a fifty day moving average price of $18.50 and a 200-day moving average price of $15.04.

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

Institutional Investors Weigh In On Ooma

A number of hedge funds have recently modified their holdings of the stock. Essential Partners LLC raised its holdings in shares of Ooma by 8.3% in the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after purchasing an additional 626 shares during the period. Quantinno Capital Management LP increased its position in Ooma by 247.3% in the first quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock worth $1,029,000 after buying an additional 50,347 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Ooma in the first quarter worth $1,415,000. Renaissance Technologies LLC raised its stake in shares of Ooma by 12.2% in the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after buying an additional 99,100 shares during the period. Finally, Walleye Capital LLC raised its stake in shares of Ooma by 63.3% in the first quarter. Walleye Capital LLC now owns 35,662 shares of the technology company’s stock valued at $519,000 after buying an additional 13,829 shares during the period. Institutional investors own 80.42% of the company’s stock.

Analysts Set New Price Targets

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

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.