Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,747 Shares of Stock

Key Points

• Ooma SVP Jenny Yeh sold 1,747 shares at an average price of $23, generating approximately $40,181; she retains 222,540 shares worth about $5.12 million.
• Ooma’s shares recently traded at $22.88, giving the company a market capitalization of roughly $631 million. The stock is up from its 12-month low of $9.79 but below its high of $26.19.
• The company exceeded quarterly expectations with $0.35 in EPS versus the $0.33 consensus and revenue of $83.23 million versus $81.72 million expected. Analysts maintain a “Moderate Buy” consensus with an average price target of $25.00.

Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 1,747 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $23.00, for a total transaction of $40,181.00. Following the sale, the senior vice president directly owned 222,540 shares of the company's stock, valued at $5,118,420. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ooma Trading Up 0.7%

Shares of NYSE OOMA traded up $0.15 during midday trading on Monday, reaching $22.88. The stock had a trading volume of 497,780 shares, compared to its average volume of 320,817. The firm has a market cap of $631.49 million, a price-to-earnings ratio of 60.21 and a beta of 1.20. Ooma, Inc. has a twelve month low of $9.79 and a twelve month high of $26.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The company's 50 day moving average price is $21.53 and its 200 day moving average price is $18.36.

Ooma (NYSE:OOMA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The company had revenue of $83.23 million for the quarter, compared to analyst estimates of $81.72 million. 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, sell-side analysts expect that Ooma, Inc. will post 0.87 EPS for the current year.

Institutional Trading of Ooma

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essential Partners LLC increased its holdings in shares of Ooma by 8.3% during the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company's stock valued at $119,000 after acquiring an additional 626 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings 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 worth $49,000 after purchasing an additional 740 shares in the last quarter. Legal & General Group Plc acquired a new stake in Ooma in the 2nd quarter valued at $50,000. Archer Investment Corp acquired a new stake in Ooma in the 1st quarter valued at $96,000. Finally, Virtus Advisers LLC bought a new stake in Ooma during the 2nd quarter valued at $176,000. 80.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

About Ooma

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.

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