Analysts Set Ooma, Inc. (NYSE:OOMA) Target Price at $22.33

Ooma, Inc. (NYSE:OOMA) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $22.3333.

A number of equities research analysts recently commented on the stock. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. UBS Group set a $24.00 price objective on Ooma in a research report on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Finally, Lake Street Capital upped their target price on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th.

Insider Buying and Selling

In related news, Director William D. Pearce sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total value of $53,940.00. Following the completion of the transaction, the director owned 181,652 shares in the company, valued at $3,266,102.96. This trade represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Russell Mann sold 20,000 shares of Ooma stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $18.35, for a total value of $367,000.00. Following the sale, the director directly owned 116,115 shares of the company’s stock, valued at approximately $2,130,710.25. This represents a 14.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 118,652 shares of company stock worth $2,225,186 over the last ninety days. Company insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Ooma

Large investors have recently bought and sold shares of the company. AWM Investment Company Inc. acquired a new stake in shares of Ooma in the second quarter worth $3,341,000. Hsbc Holdings PLC purchased a new stake in shares of Ooma in the second quarter worth about $1,395,000. PDT Partners LLC purchased a new stake in shares of Ooma in the second quarter worth about $223,000. Canada Pension Plan Investment Board acquired a new stake in Ooma during the second quarter worth about $204,000. Finally, Legal & General Group Plc purchased a new position in Ooma during the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Stock Performance

OOMA stock opened at $20.84 on Monday. Ooma has a 1-year low of $9.79 and a 1-year high of $22.72. The business has a 50-day moving average price of $19.66 and a 200 day moving average price of $16.52. The company has a market capitalization of $573.10 million, a P/E ratio of 65.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69.

Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $81.15 million for the quarter, compared to the consensus estimate of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. 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 research analysts forecast 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.