Ooma (NYSE:OOMA) Reaches New 1-Year High – Time to Buy?

Ooma, Inc. (NYSE:OOMAGet Free Report)’s stock price hit a new 52-week high on Monday . The company traded as high as $19.56 and last traded at $18.9270, with a volume of 20371 shares changing hands. The stock had previously closed at $19.31.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Get Our Latest Analysis on Ooma

Ooma Stock Performance

The firm has a fifty day simple moving average of $14.67 and a 200-day simple moving average of $12.65. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The stock has a market cap of $520.90 million, a price-to-earnings ratio of 85.84 and a beta of 1.20.

Ooma (NYSE:OOMAGet Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Ooma had a return on equity of 15.60% and a net margin of 2.36%.The firm had revenue of $74.58 million for the quarter, compared to the consensus estimate of $72.55 million. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. Analysts forecast that Ooma, Inc. will post 0.78 EPS for the current fiscal year.

Insider Transactions at Ooma

In other Ooma news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80. Following the transaction, the chief financial officer owned 231,128 shares of the company’s stock, valued at approximately $3,286,640.16. This represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in Ooma by 465.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,589 shares of the technology company’s stock worth $31,000 after buying an additional 2,131 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new position in shares of Ooma in the 4th quarter valued at $34,000. CWM LLC lifted its stake in shares of Ooma by 50.5% in the 3rd quarter. CWM LLC now owns 3,022 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,014 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,507 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of Ooma by 28.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after purchasing an additional 740 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

Ooma Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.com's FREE daily email newsletter.