Ooma Inc (NYSE:OOMA) VP James A. Gustke sold 2,739 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $17.00, for a total transaction of $46,563.00. Following the completion of the sale, the vice president now directly owns 106,929 shares of the company’s stock, valued at $1,817,793. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSE:OOMA opened at $17.00 on Friday. The company has a market capitalization of $398.24 million, a PE ratio of -23.61 and a beta of 0.71. The company has a quick ratio of 0.86, a current ratio of 1.09 and a debt-to-equity ratio of 0.15. Ooma Inc has a 52-week low of $7.45 and a 52-week high of $19.18. The stock has a fifty day simple moving average of $14.30 and a 200-day simple moving average of $12.90.
Ooma (NYSE:OOMA) last released its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.24. Ooma had a negative return on equity of 35.97% and a negative net margin of 9.58%. The business had revenue of $40.31 million during the quarter, compared to the consensus estimate of $39.89 million. As a group, equities analysts anticipate that Ooma Inc will post -0.29 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in Ooma by 48.9% in the 4th quarter. Bank of Montreal Can now owns 2,535 shares of the technology company’s stock valued at $34,000 after purchasing an additional 833 shares during the last quarter. Citigroup Inc. raised its stake in Ooma by 56.0% in the 4th quarter. Citigroup Inc. now owns 4,025 shares of the technology company’s stock valued at $53,000 after purchasing an additional 1,445 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ooma by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 47,681 shares of the technology company’s stock valued at $631,000 after purchasing an additional 1,925 shares during the last quarter. Algert Global LLC raised its stake in Ooma by 19.0% in the 4th quarter. Algert Global LLC now owns 12,069 shares of the technology company’s stock valued at $160,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Ooma in the 1st quarter valued at about $28,000. 75.70% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on OOMA shares. Northland Securities increased their price target on Ooma from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday. Alliance Global Partners assumed coverage on Ooma in a research note on Monday, March 16th. They set a “buy” rating and a $21.00 price target for the company. Finally, ValuEngine downgraded Ooma from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.20.
Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.
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