Ooma (OOMA) Earns Media Impact Rating of 0.23

Media coverage about Ooma (NYSE:OOMA) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ooma earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 47.0799683146823 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s rankings:

Shares of Ooma (OOMA) traded up $0.30 during midday trading on Monday, hitting $11.35. The stock had a trading volume of 89,300 shares, compared to its average volume of 141,919. Ooma has a 1-year low of $7.30 and a 1-year high of $12.30.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. Ooma had a negative return on equity of 32.00% and a negative net margin of 11.65%. The business had revenue of $28.50 million during the quarter, compared to the consensus estimate of $28.04 million. During the same period in the previous year, the business earned ($0.02) EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. sell-side analysts predict that Ooma will post -0.69 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on OOMA shares. B. Riley reaffirmed a “buy” rating and issued a $13.00 target price on shares of Ooma in a research report on Monday, August 21st. Northland Securities reaffirmed a “buy” rating and issued a $10.75 target price on shares of Ooma in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.67.

In related news, VP James A. Gustke sold 5,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $9.81, for a total transaction of $49,050.00. Following the completion of the transaction, the vice president now directly owns 196,333 shares in the company, valued at approximately $1,926,026.73. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Russell Mann sold 32,500 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $10.46, for a total value of $339,950.00. Following the transaction, the director now owns 81,279 shares of the company’s stock, valued at $850,178.34. The disclosure for this sale can be found here. Insiders sold a total of 66,371 shares of company stock valued at $671,551 over the last quarter. Company insiders own 11.42% of the company’s stock.

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About Ooma

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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