Susquehanna Fundamental Investments LLC purchased a new stake in Ooma, Inc. (NYSE:OOMA – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,585 shares of the technology company’s stock, valued at approximately $549,000. Susquehanna Fundamental Investments LLC owned 0.10% of Ooma at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. IFC & Insurance Marketing Inc. bought a new stake in shares of Ooma in the fourth quarter worth $34,000. Tower Research Capital LLC TRC increased its position 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 buying an additional 2,507 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Ooma by 28.3% during the 1st 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 period. Legal & General Group Plc acquired a new position in shares of Ooma during the 2nd quarter worth approximately $50,000. Finally, CWM LLC raised its stake in Ooma by 45.6% in the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,378 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.
Insider Buying and Selling
In related news, Director Russell Mann sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $18.35, for a total value of $367,000.00. Following the completion of the transaction, the director owned 116,115 shares of the company’s stock, valued at $2,130,710.25. The trade was a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Pearce sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total transaction of $53,940.00. Following the sale, the director directly owned 181,652 shares of the company’s stock, valued at $3,266,102.96. This represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 111,922 shares of company stock valued at $2,240,861. 9.90% of the stock is owned by insiders.
Ooma Stock Performance
Ooma (NYSE:OOMA – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $83.23 million during the quarter, compared to the consensus estimate of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.89%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Analysts anticipate that Ooma, Inc. will post 0.86 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Citigroup reiterated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. UBS Group reaffirmed a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Monday, August 17th. B. Riley Financial increased their price target on shares of Ooma from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, William Blair set a $24.00 price objective on shares of Ooma in a research report on Monday, August 17th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.00.
Read Our Latest Stock Report on Ooma
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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