Susquehanna Fundamental Investments LLC Buys Shares of 28,585 Ooma, Inc. $OOMA

Susquehanna Fundamental Investments LLC purchased a new stake in Ooma, Inc. (NYSE:OOMA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 28,585 shares of the technology company’s stock, valued at approximately $549,000.

A number of other institutional investors also recently modified their holdings of the business. IFC & Insurance Marketing Inc. bought a new stake in shares of Ooma during the 4th quarter worth $34,000. Tower Research Capital LLC TRC raised its stake in Ooma by 225.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after acquiring an additional 2,507 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after acquiring an additional 740 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Ooma in the 2nd quarter valued at approximately $50,000. Finally, CWM LLC grew its holdings in shares of Ooma by 45.6% during the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,378 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

Ooma Price Performance

OOMA stock opened at $22.51 on Thursday. The company has a market capitalization of $619.00 million, a P/E ratio of 59.24 and a beta of 1.20. The company has a fifty day moving average price of $20.71 and a 200-day moving average price of $17.43. 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 $26.19.

Ooma (NYSE:OOMA) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Ooma had a return on equity of 23.89% and a net margin of 3.57%.The business had revenue of $83.23 million during 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, equities analysts expect that Ooma, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In other Ooma news, SVP Jenny C. Yeh sold 20,966 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $24.05, for a total transaction of $504,232.30. Following the completion of the transaction, the senior vice president owned 237,649 shares in the company, valued at approximately $5,715,458.45. This trade represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Russell Mann sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total transaction of $367,000.00. Following the completion of the sale, the director directly owned 116,115 shares in the company, valued at approximately $2,130,710.25. This represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 111,922 shares of company stock valued at $2,240,861 in the last ninety days. Insiders own 9.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. William Blair set a $24.00 target price on shares of Ooma in a research note on Monday, August 17th. B. Riley Financial upped their price target on shares of Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. UBS Group reiterated a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Finally, Benchmark reissued a “buy” rating on shares of Ooma in a report on Monday, August 17th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Ooma 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.