Ooma Inc (NYSE: OOMA) is -3.08% lower on its value in year-to-date trading and has touched a low of $6.50 and a high of $14.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OOMA stock was last observed hovering at around $10.21 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $10.40, the stock is 18.27% and 11.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 1.86% at the moment leaves the stock 10.98% off its SMA200. OOMA registered -27.83% loss for a year compared to 6-month loss of 3.59%.
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The stock witnessed a 6.12% gain in the last 1 month and extending the period to 3 months gives it a 20.37%, and is 18.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.44% over the week and 6.20% over the month.
Ooma Inc (OOMA) has around 1221 employees, a market worth around $274.56M and $248.16M in sales. Fwd P/E is 15.72. Profit margin for the company is -2.04%. Distance from 52-week low is 60.00% and -28.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.91%).
The EPS is expected to shrink by -1.21% this year.
Ooma Inc (OOMA) Top Institutional Holders
151.0 institutions hold shares in Ooma Inc (OOMA), with institutional investors hold 82.18% of the company’s shares. The shares outstanding are 25.97M, and float is at 23.17M with Short Float at 1.67%. Institutions hold 75.41% of the Float.
The top institutional shareholder in the company is TRIGRAN INVESTMENTS, INC. with over 4.11 million shares valued at $40.82 million. The investor’s holdings represent 15.6767% of the OOMA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.86 million shares valued at $$38.37 million to account for 14.7356 of the shares outstanding. The other top investors are AWM INVESTMENT COMPANY, INC. which holds 1.29 million shares representing 4.9247% and valued at over $12.82 million, while VANGUARD GROUP INC holds 4.7311 of the shares totaling 1.24 million with a market value of $12.32 million.
Ooma Inc (OOMA) Insider Activity
The most recent transaction is an insider sale by Sabharwal Namrata,the company’sChief Accounting Officer. SEC filings show that Sabharwal Namrata sold 8,044 shares of the company’s common stock on Dec 29 ’23 at a price of $10.72 per share for a total of $86236.0. Following the sale, the insider now owns 34948.0 shares.
Ooma Inc disclosed in a document filed with the SEC on Dec 15 ’23 that STANG ERIC B (CEO and Pres.) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $10.08 per share for $50400.0. Following the transaction, the insider now directly holds 0.39 million shares of the OOMA stock.
Still, SEC filings show that on Dec 13 ’23, STANG ERIC B (CEO and Pres.) acquired 10,000 shares at an average price of $9.85 for $98486.0. The insider now directly holds 388,125 shares of Ooma Inc (OOMA).
