Somewhat Favorable News Coverage Somewhat Unlikely to Affect Ooma (OOMA) Stock Price

Media coverage about Ooma (NYSE:OOMA) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ooma earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.2137947750625 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Ooma (NYSE:OOMA) traded down 0.48% during trading on Friday, hitting $10.45. The stock had a trading volume of 4,701 shares. Ooma has a 12-month low of $8.39 and a 12-month high of $11.00. The firm’s market cap is $193.03 million. The firm has a 50 day moving average price of $10.24 and a 200 day moving average price of $10.24.

Ooma (NYSE:OOMA) last posted its earnings results on Thursday, August 24th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.16). Ooma had a negative return on equity of 30.96% and a negative net margin of 11.48%. The firm had revenue of $28.20 million for the quarter, compared to analysts’ expectations of $27.72 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts expect that Ooma will post ($0.10) earnings per share for the current fiscal year.

Several research firms recently weighed in on OOMA. Northland Securities set a $11.00 target price on Ooma and gave the company a “buy” rating in a research report on Friday, August 25th. B. Riley restated a “buy” rating and issued a $13.00 price objective on shares of Ooma in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.92.

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In related news, VP James A. Gustke sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $9.81, for a total value of $49,050.00. Following the transaction, the vice president now directly owns 196,333 shares of the company’s stock, valued at approximately $1,926,026.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Spencer D. Jackson sold 8,902 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $9.51, for a total transaction of $84,658.02. Following the completion of the transaction, the vice president now directly owns 115,496 shares in the company, valued at $1,098,366.96. The disclosure for this sale can be found here. Insiders sold a total of 66,371 shares of company stock worth $671,551 over the last ninety days. 48.19% of the stock is currently owned by corporate insiders.

About Ooma

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

Insider Buying and Selling by Quarter for Ooma (NYSE:OOMA)

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