Ooma, Inc. (NYSE:OOMA) Director William D. Pearce Sells 3,700 Shares

Ooma, Inc. (NYSE:OOMA) Director William D. Pearce sold 3,700 shares of Ooma stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $15.54, for a total value of $57,498.00. Following the sale, the director now owns 163,353 shares in the company, valued at $2,538,505.62. This trade represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ooma Price Performance

NYSE OOMA opened at $14.63 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company has a market cap of $395.01 million, a PE ratio of -39.54 and a beta of 0.94. Ooma, Inc. has a 52 week low of $6.50 and a 52 week high of $17.00. The firm’s 50-day simple moving average is $13.30 and its two-hundred day simple moving average is $10.95.

Institutional Trading of Ooma

Several hedge funds and other institutional investors have recently modified their holdings of OOMA. Vanguard Group Inc. grew its stake in Ooma by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 1,266,320 shares of the technology company’s stock valued at $10,802,000 after buying an additional 68,430 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Ooma by 64.8% in the second quarter. Assenagon Asset Management S.A. now owns 193,645 shares of the technology company’s stock worth $1,923,000 after acquiring an additional 76,161 shares during the period. Bailard Inc. purchased a new position in shares of Ooma in the second quarter valued at $108,000. Allspring Global Investments Holdings LLC raised its stake in shares of Ooma by 33.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 26,995 shares of the technology company’s stock valued at $268,000 after purchasing an additional 6,732 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Ooma by 17.1% during the 2nd quarter. Rhumbline Advisers now owns 37,636 shares of the technology company’s stock worth $374,000 after purchasing an additional 5,494 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OOMA shares. B. Riley raised their target price on Ooma from $14.50 to $15.50 and gave the company a “buy” rating in a research report on Monday, November 25th. Lake Street Capital raised their price objective on shares of Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Northland Securities lifted their price objective on shares of Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Benchmark raised their price target on shares of Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $16.60.

Ooma Company Profile

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.