Ooma, Inc. (NYSE:OOMA – Get Free Report) CEO Eric Stang sold 23,212 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $20.00, for a total value of $464,240.00. Following the sale, the chief executive officer directly owned 795,506 shares in the company, valued at approximately $15,910,120. This represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Ooma Stock Up 1.1%
Shares of NYSE:OOMA traded up $0.23 during trading on Monday, hitting $20.41. 377,963 shares of the company’s stock traded hands, compared to its average volume of 272,644. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $21.96. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The company has a market cap of $561.33 million, a price-to-earnings ratio of 63.79 and a beta of 1.20. The company has a 50-day moving average price of $18.38 and a 200-day moving average price of $14.92.
Ooma (NYSE:OOMA – Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The business had revenue of $81.15 million during 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. As a group, research analysts forecast that Ooma, Inc. will post 0.8 EPS for the current fiscal year.
Institutional Investors Weigh In On Ooma
Analyst Ratings Changes
OOMA has been the subject of several research reports. Citigroup reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. UBS Group set a $24.00 target price on Ooma in a report on Wednesday, May 27th. Finally, Lake Street Capital increased their target price on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.33.
View Our Latest Research Report on Ooma
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.
Featured Stories
- Five stocks we like better than Ooma
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.com's FREE daily email newsletter.
