Ooma Inc (NYSE:OOMA) VP James A. Gustke sold 8,485 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $11.23, for a total value of $95,286.55. Following the completion of the sale, the vice president now directly owns 173,689 shares of the company’s stock, valued at $1,950,527.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ooma Inc (NYSE OOMA) traded up $0.05 during mid-day trading on Friday, hitting $11.50. The stock had a trading volume of 54,600 shares, compared to its average volume of 139,514. Ooma Inc has a 52 week low of $7.30 and a 52 week high of $12.30.
Ooma (NYSE:OOMA) last released its earnings results on Tuesday, November 28th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $28.50 million during the quarter, compared to analyst estimates of $28.04 million. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. Ooma’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. analysts anticipate that Ooma Inc will post -0.69 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in shares of Ooma in the third quarter valued at approximately $501,000. Sterling Capital Management LLC grew its holdings in Ooma by 65.1% during the third quarter. Sterling Capital Management LLC now owns 68,706 shares of the technology company’s stock valued at $725,000 after purchasing an additional 27,097 shares during the period. Wolverine Trading LLC bought a new position in Ooma during the third quarter valued at $115,000. Royce & Associates LP grew its holdings in Ooma by 13.7% during the third quarter. Royce & Associates LP now owns 568,728 shares of the technology company’s stock valued at $6,000,000 after purchasing an additional 68,380 shares during the period. Finally, B. Riley Financial Inc. grew its holdings in Ooma by 62.7% during the third quarter. B. Riley Financial Inc. now owns 188,526 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 72,681 shares during the period. 75.13% of the stock is owned by institutional investors.
Several brokerages have recently commented on OOMA. B. Riley reissued a “buy” rating and issued a $13.00 price objective on shares of Ooma in a research note on Friday, September 1st. Northland Securities reaffirmed a “buy” rating and issued a $10.75 target price on shares of Ooma in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.67.
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Ooma Company Profile
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.
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