Ooma (NYSE:OOMA) Releases FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.290-1.340 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of $326.0 million-$328.5 million, compared to the consensus revenue estimate of $322.8 million. Ooma also updated its Q2 2027 guidance to 0.330-0.340 EPS.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. 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. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Ooma currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Ooma Stock Performance

Shares of Ooma stock traded up $0.21 during trading on Tuesday, hitting $19.33. 388,833 shares of the stock were exchanged, compared to its average volume of 238,293. The stock has a market capitalization of $531.77 million, a price-to-earnings ratio of 87.87 and a beta of 1.20. The company has a fifty day moving average price of $16.02 and a 200-day moving average price of $13.29. Ooma has a 1-year low of $9.79 and a 1-year high of $19.60. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $81.15 million for the quarter, compared to analyst estimates 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. As a group, equities analysts predict that Ooma will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were 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 in the company, valued at approximately $3,286,640.16. This represents a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OOMA. IFC & Insurance Marketing Inc. bought a new stake in Ooma in the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC boosted its holdings in Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,507 shares during the period. Royal Bank of Canada boosted its holdings in Ooma by 24.1% in the 4th 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 during the period. Kemnay Advisory Services Inc. bought a new stake in Ooma in the 4th quarter valued at about $59,000. Finally, Lazard Asset Management LLC boosted its holdings in Ooma by 503.1% in the 2nd quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock valued at $63,000 after purchasing an additional 4,110 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

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.