Ooma (NYSE:OOMA) Director Susan Butenhoff Sells 9,000 Shares of Company Stock

by · The Markets Daily

Ooma, Inc. (NYSE:OOMA – Get Free Report) Director Susan Butenhoff sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $22.02, for a total transaction of $198,180.00. Following the sale, the director owned 109,483 shares of the company’s stock, valued at approximately $2,410,815.66. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ooma Stock Performance

OOMA stock opened at $21.86 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $26.19. The company has a market cap of $603.31 million, a P/E ratio of 57.53 and a beta of 1.20. The stock’s fifty day moving average price is $21.67 and its 200-day moving average price is $18.60.

Ooma (NYSE:OOMA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The company had revenue of $83.23 million during the quarter, compared to analysts’ expectations of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, equities analysts forecast that Ooma, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OOMA. Lake Street Capital reissued a “buy” rating and issued a $25.00 price objective on shares of Ooma in a report on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Monday, August 17th. Finally, B. Riley Financial boosted their price objective on shares of Ooma from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.00.

Get Our Latest Analysis on OOMA

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OOMA. BlackRock Inc. bought a new stake in Ooma during the 2nd quarter worth approximately $69,001,000. Renaissance Technologies LLC lifted its holdings in Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after purchasing an additional 99,100 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Ooma in the first quarter worth approximately $5,847,000. Dimensional Fund Advisors LP boosted its position in shares of Ooma by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 379,007 shares of the technology company’s stock worth $5,514,000 after purchasing an additional 44,097 shares during the period. Finally, Globeflex Capital L P purchased a new stake in shares of Ooma in the second quarter worth $4,235,000. 80.42% of the stock is currently owned by institutional investors.

Ooma Company Profile

(Get Free Report)

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related technology services to small and midsized businesses, enterprises, and residential customers. Its services are delivered primarily through internet-based platforms designed to help customers manage communications without relying on traditional on-premises phone systems.

For businesses, Ooma offers cloud phone and unified communications solutions under brands and product lines that include Ooma Office, Ooma Pro, Ooma Enterprise, and Ooma AirDial.

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