Ooma, Inc. (NYSE:OOMA) Stock Has Average Target Price of $25.00 According to Brokerages

Shares of Ooma, Inc. (NYSE:OOMA) have been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.00.

A number of research firms have commented on OOMA. B. Riley Financial lifted their price objective on shares of Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a report on Monday, September 28th. Freedom Broker boosted their price objective on Ooma from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Ooma in a research report on Thursday, August 27th. Finally, Zacks Research upgraded Ooma from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th.

Ooma Stock Down 2.0%

OOMA stock opened at $19.91 on Friday. The company has a market cap of $549.52 million, a price-to-earnings ratio of 52.40 and a beta of 1.23. Ooma has a twelve month low of $9.79 and a twelve month high of $26.19. The business has a 50 day moving average price of $21.28 and a two-hundred day moving average price of $17.60. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.46.

Ooma (NYSE:OOMA) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The company had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. Analysts anticipate that Ooma will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Ooma

In other Ooma news, SVP Jenny Yeh sold 1,747 shares of Ooma stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $23.00, for a total transaction of $40,181.00. Following the transaction, the senior vice president directly owned 222,540 shares of the company’s stock, valued at approximately $5,118,420. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Butenhoff sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $22.02, for a total transaction of $198,180.00. Following the completion of the sale, the director directly owned 109,483 shares in the company, valued at approximately $2,410,815.66. This represents a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 85,104 shares of company stock worth $1,966,383 over the last quarter. Insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Ooma in the 2nd quarter valued at about $69,001,000. Hillsdale Investment Management Inc. bought a new position in Ooma during the first quarter worth about $5,847,000. Globeflex Capital L P bought a new position in Ooma during the second quarter worth about $4,235,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ooma during the 2nd quarter valued at $3,746,000. Finally, AWM Investment Company Inc. bought a new position in shares of Ooma in the second quarter worth $3,341,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

About Ooma

Ooma, Inc provides cloud-based communications and connected services for small and mid-sized businesses, enterprises and residential customers. Its business offerings are designed to support voice communications, collaboration and business continuity through internet-based platforms rather than traditional telephone systems.

The company’s product portfolio includes Ooma Office, a cloud-based business phone system; Ooma Office Pro, which adds enhanced communications and collaboration features; and Ooma AirDial, a cloud-based replacement for traditional analog telephone lines.