Ooma, Inc. (NYSE:OOMA – Get Free Report) SVP Jenny Yeh sold 1,757 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $22.00, for a total transaction of $38,654.00. Following the transaction, the senior vice president directly owned 258,615 shares of the company’s stock, valued at approximately $5,689,530. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ooma Stock Performance
NYSE OOMA opened at $21.75 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The stock has a market cap of $598.10 million, a price-to-earnings ratio of 67.97 and a beta of 1.20. Ooma, Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $22.20. The business has a fifty day moving average of $18.99 and a 200-day moving average of $15.86.
Ooma (NYSE:OOMA – Get Free Report) last announced its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. 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, analysts predict that Ooma, Inc. will post 0.8 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Report on OOMA
Hedge Funds Weigh In On Ooma
Institutional investors and hedge funds have recently made changes to their positions in the business. Essential Partners LLC increased its stake in shares of Ooma by 8.3% in the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after buying an additional 626 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Ooma by 247.3% during the 1st quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock worth $1,029,000 after acquiring an additional 50,347 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Ooma in the 1st quarter worth about $1,415,000. Renaissance Technologies LLC raised its stake in shares of Ooma by 12.2% in the 1st quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after purchasing an additional 99,100 shares in the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Ooma by 63.3% during the first quarter. Walleye Capital LLC now owns 35,662 shares of the technology company’s stock worth $519,000 after purchasing an additional 13,829 shares during the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.
Ooma Company 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.
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