AWM Investment Company Inc. Takes $3.34 Million Position in Ooma, Inc. $OOMA

AWM Investment Company Inc. acquired a new position in Ooma, Inc. (NYSE:OOMA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 173,820 shares of the technology company's stock, valued at approximately $3,341,000. AWM Investment Company Inc. owned approximately 0.63% of Ooma as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. IFC & Insurance Marketing Inc. acquired a new stake in Ooma during the fourth quarter worth about $34,000. Tower Research Capital LLC TRC raised its position in shares of Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company's stock valued at $47,000 after buying an additional 2,507 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company's stock valued at $49,000 after buying an additional 740 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Ooma during the 2nd quarter worth approximately $50,000. Finally, CWM LLC lifted its holdings in shares of Ooma by 45.6% during 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 period. Institutional investors own 80.42% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group set a $24.00 price target on Ooma in a report on Wednesday, May 27th. William Blair set a $24.00 target price on Ooma in a research note on Monday, August 17th. B. Riley Financial reissued a "buy" rating on shares of Ooma in a report on Monday, May 18th. Lake Street Capital raised 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. Finally, Citigroup reaffirmed a "market perform" rating on shares of Ooma in a report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Ooma currently has a consensus rating of "Moderate Buy" and an average price target of $23.67.

Ooma Trading Down 3.3%

NYSE OOMA opened at $20.54 on Wednesday. The stock has a market capitalization of $564.96 million, a P/E ratio of 64.20 and a beta of 1.19. The business has a 50 day simple moving average of $20.14 and a 200 day simple moving average of $16.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69. Ooma, Inc. has a one year low of $9.79 and a one year high of $22.72.

Ooma (NYSE:OOMA - Get Free Report) last announced 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 net margin of 3.17% and a return on equity of 20.21%. The firm had revenue of $81.15 million for the quarter, compared to analyst estimates of $79.84 million. Research analysts expect that Ooma, Inc. will post 0.8 earnings per share for the current year.

Insider Activity

In other Ooma news, SVP Jenny C. Yeh sold 12,840 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $19.57, for a total value of $251,278.80. Following the completion of the sale, the senior vice president owned 264,615 shares in the company, valued at approximately $5,178,515.55. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Russell Mann sold 20,000 shares of the firm's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total value of $367,000.00. Following the sale, the director directly owned 116,115 shares of the company's stock, valued at approximately $2,130,710.25. This represents a 14.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 118,652 shares of company stock valued at $2,225,186. 9.90% of the stock is currently owned by insiders.

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.

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