Ooma Inc (NYSE:OOMA) VP Spencer D. Jackson sold 1,524 shares of the business’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $13.00, for a total transaction of $19,812.00. Following the sale, the vice president now directly owns 103,298 shares in the company, valued at approximately $1,342,874. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Ooma stock traded up $0.50 during trading on Friday, hitting $13.15. The stock had a trading volume of 571,900 shares, compared to its average volume of 63,094. The stock has a market cap of $252.84 million, a P/E ratio of -19.06 and a beta of 0.85. Ooma Inc has a 12 month low of $7.30 and a 12 month high of $13.65.
Ooma (NYSE:OOMA) last released its quarterly earnings results on Tuesday, May 22nd. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $30.22 million for the quarter, compared to analysts’ expectations of $29.71 million. Ooma had a negative net margin of 11.45% and a negative return on equity of 33.52%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. equities research analysts forecast that Ooma Inc will post -0.74 EPS for the current year.
OOMA has been the topic of a number of analyst reports. B. Riley boosted their target price on shares of Ooma from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. 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 report on Wednesday, March 7th. Zacks Investment Research raised shares of Ooma from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Credit Suisse Group reissued a “neutral” rating and set a $13.00 target price (up previously from $12.00) on shares of Ooma in a report on Wednesday, March 7th. Finally, Northland Securities reissued a “buy” rating and set a $15.00 target price on shares of Ooma in a report on Wednesday, March 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Ooma presently has a consensus rating of “Buy” and a consensus target price of $14.38.
Several institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of Ooma by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 943,102 shares of the technology company’s stock worth $10,279,000 after purchasing an additional 99,432 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Ooma by 9.4% in the fourth quarter. Renaissance Technologies LLC now owns 879,800 shares of the technology company’s stock worth $10,514,000 after purchasing an additional 75,825 shares during the period. BlackRock Inc. increased its holdings in shares of Ooma by 3.8% in the first quarter. BlackRock Inc. now owns 878,596 shares of the technology company’s stock worth $9,575,000 after purchasing an additional 32,273 shares during the period. HCSF Management LLC increased its holdings in shares of Ooma by 3.0% in the fourth quarter. HCSF Management LLC now owns 627,482 shares of the technology company’s stock worth $7,498,000 after purchasing an additional 18,553 shares during the period. Finally, Wasatch Advisors Inc. increased its holdings in shares of Ooma by 13.4% in the first quarter. Wasatch Advisors Inc. now owns 289,916 shares of the technology company’s stock worth $3,160,000 after purchasing an additional 34,241 shares during the period. 66.86% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.com's FREE daily email newsletter.