Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 1,948 Shares of Stock

Key Points

• Insider sale: Ooma SVP Jenny Yeh sold 1,948 shares for approximately $44,804 at an average price of $23.00, reducing her ownership by 0.85% to 225,978 shares.
• Strong quarterly results: Ooma reported quarterly EPS of $0.35, topping estimates of $0.33, while revenue of $83.23 million exceeded expectations of $81.72 million.
• Positive analyst sentiment: Five analysts rate Ooma a Buy and one rates it Hold, resulting in a “Moderate Buy” consensus and an average price target of $25.00, compared with a recent share price of $22.79.

Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 1,948 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $23.00, for a total value of $44,804.00. Following the transaction, the senior vice president directly owned 225,978 shares in the company, valued at $5,197,494. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ooma Trading Up 0.1%

Shares of OOMA traded up $0.02 during trading hours on Monday, hitting $22.79. The company had a trading volume of 433,523 shares, compared to its average volume of 311,439. Ooma, Inc. has a 52-week low of $9.79 and a 52-week high of $26.19. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average price is $21.26 and its 200 day moving average price is $18.00. The firm has a market cap of $628.95 million, a P/E ratio of 59.97 and a beta of 1.20.

Ooma (NYSE:OOMA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The company had revenue of $83.23 million during the quarter, compared to analysts' expectations 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. On average, research analysts predict that Ooma, Inc. will post 0.87 EPS for the current year.

Hedge Funds Weigh In On Ooma

Hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. raised its holdings in shares of Ooma by 28.3% during the first 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. Legal & General Group Plc bought a new stake in Ooma in the second quarter valued at $50,000. Archer Investment Corp bought a new stake in Ooma in the first quarter valued at $96,000. Essential Partners LLC increased its position in Ooma by 8.3% during the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company's stock valued at $119,000 after purchasing an additional 626 shares during the period. Finally, California State Teachers Retirement System increased its position in Ooma by 395.6% during the 2nd quarter. California State Teachers Retirement System now owns 6,804 shares of the technology company's stock valued at $131,000 after purchasing an additional 5,431 shares during the period. 80.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on OOMA. UBS Group restated a "buy" rating on shares of Ooma in a report on Thursday, August 27th. Lake Street Capital reiterated a "buy" rating and set a $25.00 price target on shares of Ooma in a report on Thursday, August 27th. B. Riley Financial increased their price target on shares of Ooma from $24.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Alliance Global Partners restated a "buy" rating on shares of Ooma in a research report on Thursday, August 27th. Finally, Citigroup reaffirmed a "market perform" rating on shares of Ooma in a research note on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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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