Ooma, Inc. (NYSE:OOMA – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.00.
Several equities analysts have recently issued reports on the company. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research note on Wednesday. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Wednesday. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Benchmark reiterated a “buy” rating on shares of Ooma in a report on Wednesday. Finally, Lake Street Capital reissued a “buy” rating on shares of Ooma in a research report on Wednesday.
View Our Latest Stock Report on OOMA
Key Headlines Impacting Ooma
- Positive Sentiment: Ooma reported fiscal Q1 EPS of $0.35, beating the $0.32 consensus, while revenue rose 25% year over year to $81.1 million and also exceeded estimates. Ooma Reports Fiscal First Quarter 2027 Financial Results
- Positive Sentiment: The company raised its Q2 FY2027 outlook to EPS of $0.330-$0.340 and revenue of $81.6 million-$82.3 million, both above analyst expectations, signaling continued momentum. Ooma Earnings Call Transcript
- Positive Sentiment: Ooma also lifted FY2027 guidance to EPS of $1.290-$1.340 and revenue of $326.0 million-$328.5 million, ahead of consensus, which supports the stock’s stronger reaction. Ooma Reports Fiscal First Quarter 2027 Financial Results
- Neutral Sentiment: Earnings call transcripts and presentation materials were published after the results, but they mainly provide additional detail rather than a new catalyst. Ooma, Inc. (NYSE:OOMA) Q1 2027 Earnings Call Transcript
Insider Activity at Ooma
In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $14.22, for a total value of $153,433.80. Following the transaction, the chief financial officer owned 231,128 shares of the company’s stock, valued at $3,286,640.16. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 9.90% of the company’s stock.
Institutional Trading of Ooma
Institutional investors have recently bought and sold shares of the business. IFC & Insurance Marketing Inc. acquired a new position in shares of Ooma during the 4th quarter worth about $34,000. Tower Research Capital LLC TRC raised its position 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 acquiring an additional 2,507 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Ooma by 28.3% during the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares during the last quarter. CWM LLC boosted its holdings in Ooma by 45.6% in the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after purchasing an additional 867 shares in the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.
Ooma Stock Up 4.7%
Shares of NYSE OOMA traded up $0.91 during mid-day trading on Wednesday, hitting $20.18. The company had a trading volume of 224,893 shares, compared to its average volume of 236,598. The company has a market capitalization of $555.10 million, a PE ratio of 91.72 and a beta of 1.20. The business’s 50-day simple moving average is $16.13 and its 200 day simple moving average is $13.35. Ooma has a 1-year low of $9.79 and a 1-year high of $21.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70.
Ooma (NYSE:OOMA – Get Free Report) last released its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Ooma had a return on equity of 15.60% and a net margin of 2.36%.The firm had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. On average, analysts predict that Ooma will post 0.78 earnings per share for the current year.
About Ooma
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.
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