Ooma (NYSE:OOMA – Get Free Report) issued an update on its second quarter 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.330-0.340 for the period, compared to the consensus EPS estimate of 0.290. The company issued revenue guidance of $81.6 million-$82.3 million, compared to the consensus revenue estimate of $80.2 million. Ooma also updated its FY 2027 guidance to 1.290-1.340 EPS.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.00.
Get Our Latest Stock Analysis on OOMA
Ooma Stock Up 1.1%
Ooma (NYSE:OOMA – Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a net margin of 2.36% and a return on equity of 15.60%. 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 expect that Ooma will post 0.78 EPS for the current fiscal year.
Insider Activity
In other 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 transaction of $153,433.80. Following the completion of the transaction, the chief financial officer directly owned 231,128 shares in the company, valued at $3,286,640.16. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.90% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Ooma by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock valued at $18,009,000 after buying an additional 34,960 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ooma by 4.0% during the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after buying an additional 22,125 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Ooma by 17.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock worth $6,161,000 after purchasing an additional 76,088 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ooma by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 334,910 shares of the technology company’s stock worth $3,928,000 after purchasing an additional 17,184 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Ooma by 81.6% during the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock worth $4,144,000 after purchasing an additional 142,220 shares during the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.
Ooma Company 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.
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