Ooma Inc. (NYSE:OOMA) VP Spencer D. Jackson sold 12,720 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $9.09, for a total transaction of $115,624.80. Following the completion of the sale, the vice president now directly owns 109,500 shares in the company, valued at approximately $995,355. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Ooma Inc. (NYSE:OOMA) opened at 9.01 on Friday. Ooma Inc. has a 52 week low of $5.43 and a 52 week high of $9.92. The stock’s market cap is $156.80 million. The company’s 50 day moving average is $8.75 and its 200 day moving average is $7.59.
Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, August 30th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $25.50 million for the quarter, compared to the consensus estimate of $25.21 million. Ooma had a negative net margin of 14.33% and a negative return on equity of 32.89%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. Equities analysts predict that Ooma Inc. will post ($0.22) earnings per share for the current year.
Several analysts have issued reports on OOMA shares. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Ooma in a report on Wednesday, August 31st. Bank of America Corp. reaffirmed a “buy” rating and issued a $12.00 price target on shares of Ooma in a report on Wednesday, August 31st. Zacks Investment Research raised shares of Ooma from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, JMP Securities upped their price target on shares of Ooma from $12.00 to $14.00 and gave the company a “market outperform” rating in a report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $12.15.
A number of institutional investors have recently added to or reduced their stakes in OOMA. BlackRock Fund Advisors boosted its position in Ooma by 46.2% in the second quarter. BlackRock Fund Advisors now owns 22,626 shares of the company’s stock valued at $185,000 after buying an additional 7,150 shares during the last quarter. Renaissance Technologies LLC bought a new position in Ooma during the first quarter valued at approximately $261,000. Jacobs Levy Equity Management Inc. bought a new position in Ooma during the first quarter valued at approximately $473,000. BlackRock Institutional Trust Company N.A. boosted its position in Ooma by 6.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 58,723 shares of the company’s stock valued at $481,000 after buying an additional 3,707 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in Ooma during the second quarter valued at approximately $779,000. 22.99% of the stock is currently owned by hedge funds and other institutional investors.
Ooma Company Profile
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.
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