Assenagon Asset Management S.A. Has $1.83 Million Stake in Ooma, Inc. $OOMA

Assenagon Asset Management S.A. reduced its holdings in shares of Ooma, Inc. (NYSE:OOMA) by 41.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,068 shares of the technology company’s stock after selling 108,279 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.57% of Ooma worth $1,831,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Segall Bryant & Hamill LLC increased its holdings in shares of Ooma by 143.3% in the third quarter. Segall Bryant & Hamill LLC now owns 198,228 shares of the technology company’s stock valued at $2,377,000 after purchasing an additional 116,767 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Ooma by 503.1% during the 2nd quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock worth $63,000 after buying an additional 4,110 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Ooma by 225.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after buying an additional 2,507 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ooma by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock worth $6,641,000 after buying an additional 44,589 shares during the period. Finally, Teton Advisors LLC bought a new stake in shares of Ooma during the 3rd quarter worth about $240,000. 80.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ooma news, CFO Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $14.22, for a total value of $153,433.80. Following the completion of the sale, the chief financial officer owned 231,128 shares in the company, valued at $3,286,640.16. The trade was a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Ooma currently has an average rating of “Moderate Buy” and an average target price of $19.00.

Ooma Price Performance

Shares of NYSE OOMA opened at $14.27 on Tuesday. The firm has a market cap of $393.71 million, a price-to-earnings ratio of 64.84 and a beta of 1.32. The stock’s fifty day moving average price is $12.69 and its two-hundred day moving average price is $11.99. Ooma, Inc. has a one year low of $9.79 and a one year high of $14.83.

Ooma (NYSE:OOMA) last posted its earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $74.58 million during the quarter, compared to the consensus estimate of $72.55 million. Ooma had a return on equity of 15.79% and a net margin of 2.36%.Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. On average, equities analysts anticipate that Ooma, Inc. will post -0.06 earnings per share for the current fiscal year.

Ooma Profile

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.