Ooma, Inc. (NYSE:OOMA – Get Free Report) CEO Eric Stang sold 29,639 shares of Ooma stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $23.08, for a total transaction of $684,068.12. Following the sale, the chief executive officer owned 1,199,941 shares of the company’s stock, valued at approximately $27,694,638.28. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Ooma Trading Up 0.1%
OOMA stock traded up $0.02 during midday trading on Monday, hitting $22.79. The stock had a trading volume of 433,523 shares, compared to its average volume of 311,439. The firm has a market cap of $628.95 million, a PE ratio of 59.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. Ooma, Inc. has a 12-month low of $9.79 and a 12-month high of $26.19. The company’s 50-day moving average price is $21.26 and its 200 day moving average price is $18.00.
Ooma (NYSE:OOMA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.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. On average, equities research analysts predict that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Ooma
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. UBS Group reaffirmed 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 report on Monday, August 17th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a report on Thursday, August 27th. 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 research report on Thursday, August 27th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target on shares of Ooma in a 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’s stock. According to MarketBeat, the company currently has an average 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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