Ooma Inc (NYSE:OOMA) CEO Eric B. Stang sold 12,340 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $13.84, for a total transaction of $170,785.60. Following the completion of the sale, the chief executive officer now directly owns 397,500 shares in the company, valued at $5,501,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of OOMA stock traded down $0.42 during trading on Thursday, reaching $13.79. The company’s stock had a trading volume of 34,864 shares, compared to its average volume of 52,506. The stock has a market capitalization of $280.10 million, a P/E ratio of -19.99 and a beta of 0.91. Ooma Inc has a 1-year low of $11.10 and a 1-year high of $17.50.
Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, March 5th. The technology company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $34.72 million during the quarter, compared to analysts’ expectations of $33.19 million. Ooma had a negative net margin of 11.28% and a negative return on equity of 39.40%. Equities analysts forecast that Ooma Inc will post -0.82 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on OOMA. Zacks Investment Research upgraded shares of Ooma from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. ValuEngine upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a report on Tuesday. JMP Securities restated a “buy” rating and issued a $20.00 price objective on shares of Ooma in a report on Wednesday, March 6th. Finally, B. Riley lifted their price objective on shares of Ooma from $20.00 to $20.50 and gave the company a “buy” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.63.
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Ooma Company Profile
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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