Paradigm Capital Management Inc. NY purchased a new stake in shares of Ooma Inc (NYSE:OOMA) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,000 shares of the technology company’s stock, valued at approximately $199,000. Paradigm Capital Management Inc. NY owned approximately 0.11% of Ooma as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in OOMA. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ooma during the fourth quarter valued at about $113,000. Oxford Asset Management purchased a new stake in Ooma during the fourth quarter worth approximately $118,000. Trexquant Investment LP purchased a new stake in Ooma during the first quarter worth approximately $189,000. Bank of New York Mellon Corp raised its stake in Ooma by 86.9% in the first quarter. Bank of New York Mellon Corp now owns 19,150 shares of the technology company’s stock worth $191,000 after buying an additional 8,904 shares in the last quarter. Finally, Worth Venture Partners LLC purchased a new stake in Ooma during the fourth quarter worth approximately $687,000. Hedge funds and other institutional investors own 26.30% of the company’s stock.
Ooma Inc (NYSE:OOMA) traded up 0.84% during midday trading on Friday, hitting $12.05. 42,395 shares of the stock were exchanged. Ooma Inc has a 1-year low of $6.53 and a 1-year high of $12.30. The stock’s market cap is $219.85 million. The company’s 50 day moving average is $11.49 and its 200-day moving average is $9.90.
Ooma (NYSE:OOMA) last announced its earnings results on Tuesday, March 7th. The technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. Ooma had a negative net margin of 13.13% and a negative return on equity of 32.06%. The firm had revenue of $27.60 million for the quarter, compared to analysts’ expectations of $27.20 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts expect that Ooma Inc will post ($0.11) earnings per share for the current year.
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A number of equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $15.50 price objective on shares of Ooma in a research note on Thursday. Credit Suisse Group AG upped their price objective on shares of Ooma from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, March 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $14.38.
In related news, VP James A. Gustke sold 6,000 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $9.78, for a total value of $58,680.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Equity I. L.L.C. Worldview sold 144,027 shares of the company’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $9.77, for a total transaction of $1,407,143.79. The disclosure for this sale can be found here. Insiders own 48.19% of the company’s stock.
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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