Royce & Associates LP increased its holdings in Ooma Inc (NYSE:OOMA) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,728 shares of the technology company’s stock after acquiring an additional 68,380 shares during the quarter. Royce & Associates LP owned about 3.11% of Ooma worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. B. Riley Financial Inc. increased its stake in shares of Ooma by 62.7% in the 3rd quarter. B. Riley Financial Inc. now owns 188,526 shares of the technology company’s stock worth $2,015,000 after acquiring an additional 72,681 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of Ooma in the 3rd quarter worth about $837,000. Emancipation Management LLC increased its stake in shares of Ooma by 6.7% in the 3rd quarter. Emancipation Management LLC now owns 171,892 shares of the technology company’s stock worth $1,813,000 after acquiring an additional 10,832 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Ooma by 6,480.6% in the 3rd quarter. Wells Fargo & Company MN now owns 28,165 shares of the technology company’s stock worth $297,000 after acquiring an additional 27,737 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its stake in shares of Ooma by 42.0% in the 3rd quarter. Wasatch Advisors Inc. now owns 255,675 shares of the technology company’s stock worth $2,697,000 after acquiring an additional 75,675 shares in the last quarter. Institutional investors own 75.13% of the company’s stock.
Shares of Ooma Inc (NYSE OOMA) opened at $12.00 on Friday. Ooma Inc has a 1 year low of $7.30 and a 1 year high of $12.30.
Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Ooma had a negative net margin of 11.65% and a negative return on equity of 32.29%. The company had revenue of $28.50 million for the quarter, compared to the consensus estimate of $28.04 million. During the same period in the prior year, the firm posted ($0.02) EPS. Ooma’s revenue for the quarter was up 5.6% on a year-over-year basis. equities analysts expect that Ooma Inc will post -0.69 earnings per share for the current year.
OOMA has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating and set a $13.00 price objective on shares of Ooma in a research report on Monday, August 21st. Northland Securities set a $11.00 price objective on shares of Ooma and gave the company a “buy” rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Ooma has an average rating of “Hold” and a consensus price target of $12.67.
In other news, VP Spencer D. Jackson sold 8,902 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $9.51, for a total transaction of $84,658.02. Following the sale, the vice president now owns 115,496 shares of the company’s stock, valued at approximately $1,098,366.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP James A. Gustke sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $9.81, for a total transaction of $49,050.00. Following the sale, the vice president now directly owns 196,333 shares in the company, valued at approximately $1,926,026.73. The disclosure for this sale can be found here. Insiders have sold a total of 84,856 shares of company stock worth $879,037 over the last three months. 48.19% of the stock is currently owned by 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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