Ooma (NYSE:OOMA) Sets New 52-Week High – Here’s What Happened

Ooma, Inc. (NYSE:OOMA)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.60 and last traded at $19.50, with a volume of 89131 shares trading hands. The stock had previously closed at $19.12.

Wall Street Analysts Forecast Growth

OOMA has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Ooma Stock Performance

The firm has a market capitalization of $532.04 million, a P/E ratio of 87.91 and a beta of 1.20. The company’s 50 day moving average is $16.02 and its 200-day moving average is $13.29. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

Ooma (NYSE:OOMA) last issued its earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $74.58 million for the quarter, compared to analyst estimates of $72.55 million. Ooma had a net margin of 2.36% and a return on equity of 15.60%. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. As a group, equities analysts anticipate that Ooma, Inc. will post 0.78 EPS for the current year.

Insider Transactions at Ooma

In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $14.22, for a total transaction of $153,433.80. Following the transaction, the chief financial officer directly owned 231,128 shares of the company’s stock, valued at $3,286,640.16. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OOMA. Amundi bought a new position in shares of Ooma in the first quarter valued at $387,000. AQR Capital Management LLC bought a new position in shares of Ooma in the first quarter valued at $478,000. Millennium Management LLC lifted its stake in shares of Ooma by 81.6% in the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock valued at $4,144,000 after buying an additional 142,220 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Ooma by 4.8% in the first quarter. Goldman Sachs Group Inc. now owns 248,612 shares of the technology company’s stock valued at $3,254,000 after buying an additional 11,300 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Ooma by 162.6% in the first quarter. Jane Street Group LLC now owns 34,227 shares of the technology company’s stock valued at $448,000 after buying an additional 21,192 shares in the last quarter. 80.42% of the stock is owned by institutional investors.

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.