Ooma (NYSE:OOMA) CEO Eric Stang Sells 27,666 Shares

Ooma, Inc. (NYSE:OOMA) CEO Eric Stang sold 27,666 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $18.50, for a total transaction of $511,821.00. Following the sale, the chief executive officer directly owned 818,718 shares of the company’s stock, valued at approximately $15,146,283. The trade was a 3.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ooma Price Performance

Shares of OOMA stock opened at $18.38 on Friday. The stock’s fifty day moving average is $17.62 and its 200-day moving average is $14.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $21.96. The stock has a market capitalization of $505.56 million, a PE ratio of 57.45 and a beta of 1.22.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. Equities research analysts expect that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Ooma

Several large investors have recently bought and sold shares of OOMA. Hillsdale Investment Management Inc. bought a new stake in Ooma during the 1st quarter worth approximately $5,847,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Ooma during the fourth quarter worth $1,877,000. Two Sigma Investments LP grew its stake in shares of Ooma by 419.6% in the third quarter. Two Sigma Investments LP now owns 188,635 shares of the technology company’s stock worth $2,262,000 after purchasing an additional 152,328 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Ooma in the fourth quarter worth approximately $1,774,000. Finally, Millennium Management LLC boosted its stake in shares of Ooma by 81.6% in the 1st quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock valued at $4,144,000 after purchasing an additional 142,220 shares during the last quarter. 80.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on OOMA. B. Riley Financial restated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Benchmark reiterated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Lake Street Capital increased their price objective on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. UBS Group set a $24.00 price target on shares of Ooma in a research note on Wednesday, May 27th. Finally, Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ooma presently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

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.