Ooma, Inc. (NYSE:OOMA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ooma, Inc. (NYSE:OOMA) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.3333.

A number of research analysts have commented on the stock. Citigroup restated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Benchmark restated a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. UBS Group set a $24.00 price objective on shares of Ooma in a research note on Wednesday, May 27th. Finally, Alliance Global Partners restated a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th.

Insider Buying and Selling

In other Ooma news, CFO Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock in a transaction on 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 directly owned 231,128 shares in the company, valued at approximately $3,286,640.16. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Essential Partners LLC increased its stake in shares of Ooma by 8.3% during the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after acquiring an additional 626 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Ooma by 28.3% during the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after acquiring an additional 740 shares during the period. Royal Bank of Canada increased its stake in shares of Ooma by 24.1% during the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after acquiring an additional 867 shares during the period. Man Group plc increased its stake in shares of Ooma by 5.1% during the fourth quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after acquiring an additional 880 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Ooma by 1.0% during the fourth quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock worth $1,308,000 after acquiring an additional 1,067 shares during the period. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Price Performance

Shares of NYSE:OOMA opened at $17.64 on Wednesday. The company’s fifty day moving average price is $16.44 and its 200 day moving average price is $13.51. Ooma has a 12 month low of $9.79 and a 12 month high of $21.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. The firm has a market capitalization of $485.14 million, a P/E ratio of 55.11 and a beta of 1.22.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 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 20.52%. The firm had revenue of $81.15 million for the quarter, compared to analyst estimates 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. As a group, sell-side analysts predict that Ooma will post 0.78 earnings per share 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.