Ooma, Inc. (NYSE:OOMA – Get Free Report)’s share price gapped down before the market opened on Monday. The stock had previously closed at $20.48, but opened at $19.76. Ooma shares last traded at $19.62, with a volume of 12,154 shares traded.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Monday, August 17th. B. Riley Financial upped their price target on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Freedom Broker increased their price objective on shares of Ooma from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Citigroup reissued a “market perform” rating on shares of Ooma in a report on Monday, September 28th. Finally, UBS Group reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $25.00.
View Our Latest Research Report on Ooma
Ooma Price Performance
The business’s fifty day simple moving average is $21.46 and its 200-day simple moving average is $19.32. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm has a market cap of $539.03 million, a P/E ratio of 51.38 and a beta of 1.23.
Ooma (NYSE:OOMA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $83.23 million during the quarter, compared to analyst estimates of $81.72 million. Ooma had a return on equity of 23.55% and a net margin of 3.57%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, analysts forecast that Ooma, Inc. will post 0.87 EPS for the current fiscal year.
Insider Buying and Selling at Ooma
In other news, SVP Jenny C. Yeh sold 20,966 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $24.05, for a total value of $504,232.30. Following the completion of the transaction, the senior vice president directly owned 237,649 shares in the company, valued at approximately $5,715,458.45. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Namrata Sabharwal sold 2,481 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $23.20, for a total transaction of $57,559.20. Following the transaction, the chief accounting officer directly owned 83,927 shares of the company’s stock, valued at approximately $1,947,106.40. This represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 86,861 shares of company stock worth $2,005,037. 9.90% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Essential Partners LLC grew its position in shares of Ooma by 8.3% during the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock valued at $119,000 after purchasing an additional 626 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Ooma in the third quarter worth $26,000. USA Financial Formulas bought a new position in shares of Ooma in the third quarter worth $48,000. Finally, Legal & General Group Plc purchased a new stake in shares of Ooma in the second quarter worth $50,000. 80.42% of the stock is owned by institutional investors.
Ooma Company Profile
Ooma, Inc is a cloud communications company that provides voice, collaboration, and related services to small and midsize businesses, enterprises, and consumers. Its business offerings are designed to replace or complement traditional business phone systems with internet-based communications delivered through software and connected devices.
Ooma’s business products include Ooma Office, Ooma Pro, and Ooma Enterprise, which provide cloud-based phone systems, business texting, virtual extensions, conferencing, call management, and other unified communications features.
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