Jenny Yeh Sells 1,226 Shares of Ooma (NYSE:OOMA) Stock

Key Points

• Ooma SVP Jenny Yeh sold 1,226 shares at an average price of $23, generating approximately $28,198. She continues to own 232,601 shares following the transaction.
• Ooma exceeded quarterly expectations, reporting $0.35 in EPS versus the $0.33 consensus estimate and revenue of $83.23 million versus forecasts of $81.72 million. The stock rose 3.4% to $23.30.
• Analysts remain broadly positive, with five Buy ratings and one Hold rating producing a Moderate Buy consensus and an average price target of $25.00; institutional investors own about 80.42% of the shares.

Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 1,226 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $23.00, for a total value of $28,198.00. Following the sale, the senior vice president owned 232,601 shares in the company, valued at approximately $5,349,823. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ooma Stock Up 3.4%

OOMA traded up $0.77 during trading hours on Thursday, reaching $23.30. 366,700 shares of the stock traded hands, compared to its average volume of 430,474. Ooma, Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $26.19. The company has a market cap of $640.75 million, a price-to-earnings ratio of 61.32 and a beta of 1.20. 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's fifty day simple moving average is $20.82 and its two-hundred day simple moving average is $17.52.

Ooma (NYSE:OOMA - Get Free Report) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The company had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. Ooma had a return on equity of 23.89% and a net margin of 3.57%.Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, analysts forecast that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OOMA shares. Lake Street Capital reaffirmed a "buy" rating and set a $25.00 target price on shares of Ooma in a report on Thursday, August 27th. Benchmark restated a "buy" rating on shares of Ooma in a research report on Monday, August 17th. B. Riley Financial upped their price objective on Ooma from $24.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Citigroup reaffirmed a "market perform" rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, UBS Group reissued a "buy" rating on shares of Ooma in a report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.00.

Ooma News Summary

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Analysts raised several earnings forecasts. Lake Street Capital increased its FY2027 EPS estimate to $0.86 from $0.79 and its FY2028 estimate to $0.86 from $0.83. Benchmark lifted its FY2027 estimate to $0.89 from $0.83 and its FY2028 estimate to $1.03 from $0.98. Citizens JMP also raised its FY2027 estimate to $0.83 from $0.77 and FY2028 to $0.96 from $0.90. These revisions reinforce expectations for improving profitability at Ooma. Analyst earnings estimate reports
• Positive Sentiment: Buy ratings and a $25 price target provide support. Lake Street Capital and Benchmark maintained Buy ratings; Lake Street’s $25 target remains above the stock’s referenced trading level. Citizens JMP’s estimates imply EPS growth from the current-year consensus of $0.86 to $0.96 in FY2028 and $1.20 in FY2029, although its FY2029 estimate was modestly reduced. Ooma analyst ratings and estimates
• Neutral Sentiment: Ooma will meet institutional investors on September 23. CEO Eric Stang, CFO Shig Hamamatsu and senior corporate-development executive Chris Burgy are scheduled to hold virtual meetings during the NYSE Investor Access Technology Day. The event could offer updates on strategy, growth and artificial-intelligence initiatives, but no new guidance was announced. Ooma NYSE Investor Access Technology Day announcement
• Neutral Sentiment: Industry views on AI-enabled VoIP and unified communications are mixed. The broader assessment suggests that AI capabilities vary considerably among providers, making the article relevant to Ooma’s competitive positioning but offering no specific new product or financial information about the company. AI capabilities in VoIP and unified communications offerings
• Negative Sentiment: Some estimate reductions temper the optimism. Citizens JMP lowered its Q1 2029 EPS forecast to $0.28 from $0.29, its Q3 2028 estimate to $0.24 from $0.25, and its FY2029 estimate to $1.20 from $1.21. Lake Street also trimmed its Q4 2027 estimate to $0.19 from $0.20. These cuts indicate that the outlook is positive overall but not uniformly improving.

Hedge Funds Weigh In On Ooma

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Essential Partners LLC grew its holdings in 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 buying an additional 626 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company's stock valued at $49,000 after acquiring an additional 740 shares in the last quarter. Royal Bank of Canada boosted its position in Ooma by 24.1% during the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company's stock worth $53,000 after acquiring an additional 867 shares during the period. Man Group plc grew its stake in shares of Ooma by 5.1% in the fourth 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. Finally, GSA Capital Partners LLP grew 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 purchasing an additional 1,067 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.

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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