News coverage about Ooma (NYSE:OOMA) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ooma earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.2612160756419 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Shares of OOMA traded up $0.35 during mid-day trading on Wednesday, reaching $11.25. 29,864 shares of the stock traded hands, compared to its average volume of 56,625. The firm has a market capitalization of $206.00, a P/E ratio of -16.16 and a beta of 0.80. Ooma has a 12-month low of $7.30 and a 12-month high of $12.75.
Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, March 6th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $30.22 million during the quarter, compared to analyst estimates of $29.51 million. Ooma had a negative net margin of 11.46% and a negative return on equity of 32.84%. analysts forecast that Ooma will post -0.74 earnings per share for the current year.
Several research firms have weighed in on OOMA. ValuEngine downgraded shares of Ooma from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Northland Securities reissued a “buy” rating and issued a $15.00 target price on shares of Ooma in a research report on Wednesday, March 7th. Zacks Investment Research cut shares of Ooma from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Credit Suisse Group reissued a “neutral” rating and issued a $13.00 target price (up from $12.00) on shares of Ooma in a research report on Wednesday, March 7th. Finally, Bank of America raised shares of Ooma from an “underperform” rating to a “neutral” rating and set a $14.00 target price on the stock in a research report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Ooma has a consensus rating of “Hold” and an average target price of $14.00.
In related news, CEO Eric B. Stang sold 10,000 shares of Ooma stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $11.59, for a total value of $115,900.00. Following the completion of the sale, the chief executive officer now owns 266,500 shares in the company, valued at $3,088,735. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Spencer D. Jackson sold 3,000 shares of Ooma stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the sale, the vice president now owns 108,509 shares of the company’s stock, valued at approximately $1,226,151.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,176 shares of company stock valued at $284,968. Insiders own 11.42% of the company’s stock.
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Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.
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