Ooma, Inc. (NYSE:OOMA – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $22.3333.
A number of brokerages recently weighed in on OOMA. UBS Group set a $24.00 price target on shares of Ooma in a research report on Wednesday, May 27th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Benchmark reissued a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, Citigroup reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th.
View Our Latest Report on Ooma
Insider Buying and Selling at Ooma
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Ooma by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after buying an additional 34,960 shares during the period. Renaissance Technologies LLC grew its position in Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock worth $13,273,000 after buying an additional 99,100 shares during the period. JPMorgan Chase & Co. grew its position in Ooma by 4.0% during the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock worth $6,757,000 after buying an additional 22,125 shares during the period. Arrowstreet Capital Limited Partnership grew its position 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 buying an additional 76,088 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in Ooma during the first quarter worth about $5,847,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.
Ooma Price Performance
Ooma stock opened at $18.38 on Friday. The stock has a market cap of $505.56 million, a P/E ratio of 57.45 and a beta of 1.22. The company has a fifty day simple moving average of $17.62 and a 200-day simple moving average of $14.33. Ooma has a 12-month low of $9.79 and a 12-month high of $21.96. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.
Ooma (NYSE:OOMA – Get Free Report) last released its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Ooma had a net margin of 3.17% and a return on equity of 20.21%. The business 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. Equities analysts expect that Ooma will post 0.8 EPS for the current fiscal year.
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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