Shares of Ooma, Inc. (NYSE:OOMA – Get Free Report) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $22.3333.
OOMA has been the subject of several recent research reports. Citigroup reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. UBS Group set a $24.00 target price on shares of Ooma in a report on Wednesday, May 27th. Lake Street Capital lifted their target price on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, B. Riley Financial reissued a “buy” rating on shares of Ooma in a report on Monday, May 18th.
Check Out Our Latest Research Report on OOMA
Ooma Price Performance
Ooma (NYSE:OOMA – Get Free Report) last announced 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. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The firm had revenue of $81.15 million for 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. Research analysts anticipate that Ooma will post 0.8 earnings per share for the current year.
Insider Buying and Selling
In other Ooma news, CEO Eric B. Stang sold 23,212 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $20.00, for a total value of $464,240.00. Following the completion of the sale, the chief executive officer owned 795,506 shares in the company, valued at approximately $15,910,120. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jenny C. Yeh sold 2,481 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $20.03, for a total value of $49,694.43. Following the completion of the sale, the senior vice president directly owned 262,134 shares of the company’s stock, valued at $5,250,544.02. The trade was a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 116,895 shares of company stock valued at $2,186,532 over the last ninety days. Corporate insiders own 9.90% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. bought a new stake in shares of Ooma during the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC increased its position in shares of Ooma by 225.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after buying an additional 2,507 shares during the period. Meeder Asset Management Inc. raised its stake in Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after buying an additional 740 shares in the last quarter. CWM LLC raised its stake in Ooma by 45.6% in the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after buying an additional 1,378 shares in the last quarter. Finally, Royal Bank of Canada lifted 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 worth $53,000 after buying an additional 867 shares during the period. 80.42% of the stock is currently owned by institutional investors.
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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