Equities analysts expect that Ooma Inc (NYSE:OOMA) will report earnings of ($0.05) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ooma’s earnings, with estimates ranging from ($0.06) to ($0.04). Ooma reported earnings per share of ($0.03) during the same quarter last year, which indicates a negative year-over-year growth rate of 66.7%. The business is scheduled to announce its next earnings results after the market closes on Thursday, November 21st.
According to Zacks, analysts expect that Ooma will report full year earnings of ($0.21) per share for the current year, with EPS estimates ranging from ($0.22) to ($0.20). For the next fiscal year, analysts forecast that the company will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.18) to ($0.05). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ooma.
Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, August 27th. The technology company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.02. Ooma had a negative net margin of 12.05% and a negative return on equity of 46.20%. The business had revenue of $37.30 million for the quarter, compared to analyst estimates of $35.64 million. During the same period in the previous year, the firm earned ($0.05) EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year.
OOMA has been the subject of several analyst reports. Bank of America downgraded shares of Ooma from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. Credit Suisse Group cut their target price on shares of Ooma from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. B. Riley reissued a “buy” rating on shares of Ooma in a research note on Wednesday, August 28th. ValuEngine raised shares of Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Citigroup downgraded shares of Ooma from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.10.
In related news, Director Andrew H. Galligan sold 25,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $10.50, for a total value of $262,500.00. Following the completion of the transaction, the director now owns 160,984 shares of the company’s stock, valued at approximately $1,690,332. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric B. Stang sold 21,233 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $12.52, for a total transaction of $265,837.16. The disclosure for this sale can be found here. Insiders sold a total of 72,233 shares of company stock valued at $849,887 in the last three months. 10.19% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new position in shares of Ooma during the 1st quarter valued at about $28,000. Stone Ridge Asset Management LLC acquired a new position in shares of Ooma during the 2nd quarter valued at about $111,000. Bank of Montreal Can increased its stake in shares of Ooma by 41.0% during the 2nd quarter. Bank of Montreal Can now owns 13,471 shares of the technology company’s stock valued at $141,000 after acquiring an additional 3,916 shares during the last quarter. Royal Bank of Canada acquired a new position in shares of Ooma during the 2nd quarter valued at about $163,000. Finally, GSA Capital Partners LLP increased its stake in shares of Ooma by 58.0% during the 2nd quarter. GSA Capital Partners LLP now owns 17,227 shares of the technology company’s stock valued at $181,000 after acquiring an additional 6,327 shares during the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Ooma stock traded down $0.04 on Monday, hitting $11.70. The company’s stock had a trading volume of 75,201 shares, compared to its average volume of 61,899. Ooma has a 52-week low of $9.85 and a 52-week high of $16.72. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $11.24 and a 200-day moving average price of $11.83. The company has a market capitalization of $249.61 million, a P/E ratio of -16.96 and a beta of 0.88.
Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.
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