Ooma, Inc. (NYSE:OOMA – Get Free Report) Director Susan Butenhoff sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $22.02, for a total transaction of $198,180.00. Following the completion of the sale, the director owned 109,483 shares of the company’s stock, valued at $2,410,815.66. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Ooma Price Performance
Shares of NYSE OOMA traded down $0.19 during trading on Thursday, reaching $21.86. The company had a trading volume of 371,706 shares, compared to its average volume of 553,779. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $26.19. The stock has a market cap of $603.31 million, a PE ratio of 57.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The business’s 50 day moving average price is $21.67 and its 200-day moving average price is $18.60.
Ooma (NYSE:OOMA – Get Free Report) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The company had revenue of $83.23 million for 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. Analysts expect that Ooma, Inc. will post 0.87 earnings per share for the current year.
Hedge Funds Weigh In On Ooma
Wall Street Analysts Forecast Growth
A number of brokerages have commented on OOMA. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price objective on shares of Ooma in a research report on Thursday, August 27th. William Blair set a $24.00 target price on Ooma in a research report on Monday, August 17th. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Benchmark reiterated a “buy” rating on shares of Ooma in a report on Monday, August 17th. Finally, UBS Group reiterated a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Ooma has a consensus rating of “Moderate Buy” and an average target price of $25.00.
Check Out Our Latest Analysis on Ooma
About Ooma
Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.
For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.
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