Ooma, Inc. (NYSE:OOMA - Get Free Report) CEO Eric B. Stang sold 39,458 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $15.24, for a total value of $601,339.92. Following the sale, the chief executive officer now directly owns 1,275,183 shares of the company's stock, valued at $19,433,788.92. This represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ooma Price Performance
OOMA stock opened at $15.57 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 1.15. The business has a 50-day simple moving average of $13.07 and a two-hundred day simple moving average of $10.82. The company has a market capitalization of $417.28 million, a P/E ratio of -42.08 and a beta of 0.94. Ooma, Inc. has a 52-week low of $6.50 and a 52-week high of $17.00.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on OOMA. Benchmark lifted their price objective on shares of Ooma from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Northland Securities lifted their price target on shares of Ooma from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. JMP Securities reissued a "market perform" rating on shares of Ooma in a research report on Wednesday, August 28th. B. Riley raised their target price on Ooma from $14.50 to $15.50 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Lake Street Capital upped their price target on Ooma from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $16.60.
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Institutional Investors Weigh In On Ooma
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Investment Advisers Inc. bought a new stake in Ooma in the 3rd quarter worth about $98,000. Bailard Inc. purchased a new position in shares of Ooma in the 2nd quarter worth about $108,000. SG Americas Securities LLC purchased a new position in shares of Ooma in the 3rd quarter worth about $115,000. Cubist Systematic Strategies LLC bought a new position in Ooma during the second quarter valued at about $119,000. Finally, Paloma Partners Management Co purchased a new stake in Ooma during the third quarter worth about $126,000. 80.42% of the stock is owned by hedge funds and other institutional investors.
Ooma Company Profile
(
Get Free Report)
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.
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