News articles about Ooma (NYSE:OOMA) have trended somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ooma earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.6967987944886 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
A number of research analysts have weighed in on the company. B. Riley reissued a “buy” rating and set a $13.00 price target on shares of Ooma in a research note on Monday, August 21st. Northland Securities reaffirmed a “buy” rating and issued a $13.00 target price on shares of Ooma in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.67.
Shares of Ooma (OOMA) traded down $0.15 during trading on Tuesday, hitting $11.20. The stock had a trading volume of 118,600 shares, compared to its average volume of 141,819. Ooma has a 12 month low of $7.30 and a 12 month high of $12.30.
Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $28.50 million during the quarter, compared to the consensus estimate of $28.04 million. Ooma had a negative return on equity of 32.00% and a negative net margin of 11.65%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.02) earnings per share. sell-side analysts predict that Ooma will post -0.69 EPS for the current fiscal year.
In related news, VP Spencer D. Jackson sold 10,810 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $9.51, for a total transaction of $102,803.10. Following the transaction, the vice president now owns 115,496 shares in the company, valued at $1,098,366.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James A. Gustke sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $10.35, for a total transaction of $74,520.00. Following the transaction, the vice president now owns 182,174 shares in the company, valued at approximately $1,885,500.90. The disclosure for this sale can be found here. Insiders sold 66,371 shares of company stock worth $671,551 in the last three months. 11.42% of the stock is currently owned by corporate insiders.
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Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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