Headlines about Ooma (NYSE:OOMA) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ooma earned a news impact score of 0.09 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.3258757388933 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities research analysts recently commented on the company. ValuEngine downgraded Ooma from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Northland Securities reiterated a “buy” rating and set a $13.00 target price on shares of Ooma in a report on Friday, December 1st. Finally, B. Riley restated a “buy” rating and set a $13.00 price objective on shares of Ooma in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.67.
Ooma (NYSE:OOMA) traded down $0.05 during mid-day trading on Friday, reaching $11.80. The company’s stock had a trading volume of 29,963 shares, compared to its average volume of 57,011. Ooma has a 52 week low of $7.30 and a 52 week high of $12.75. The stock has a market cap of $224.99, a P/E ratio of -16.39 and a beta of 1.37.
Ooma (NYSE:OOMA) last posted its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. 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 previous year, the business earned ($0.02) EPS. Ooma’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts anticipate that Ooma will post -0.7 EPS for the current fiscal year.
In other Ooma news, CEO Eric B. Stang sold 10,000 shares of Ooma stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.22, for a total transaction of $112,200.00. Following the sale, the chief executive officer now directly owns 1,257,704 shares in the company, valued at approximately $14,111,438.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alison Davis sold 20,000 shares of Ooma stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $12.11, for a total value of $242,200.00. Following the sale, the director now owns 36,420 shares in the company, valued at $441,046.20. The disclosure for this sale can be found here. Insiders have sold a total of 53,825 shares of company stock worth $630,697 over the last 90 days. 48.19% of the stock is owned by company 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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