Ooma (NYSE:OOMA) Sets New 1-Year High – Time to Buy?

Shares of Ooma, Inc. (NYSE:OOMA) reached a new 52-week high on Tuesday . The stock traded as high as $19.59 and last traded at $19.5250, with a volume of 24201 shares traded. The stock had previously closed at $19.36.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research report on Monday. Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Ooma currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Ooma Stock Performance

The stock has a market cap of $526.51 million, a P/E ratio of 87.00 and a beta of 1.20. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $15.72 and a 200 day simple moving average of $13.14.

Ooma (NYSE:OOMA) last released its earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $74.58 million for the quarter, compared to analyst estimates of $72.55 million. Ooma had a return on equity of 15.60% and a net margin of 2.36%.Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. On average, equities analysts expect that Ooma, Inc. will post 0.78 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the business’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Ooma

Several large investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC boosted its stake in Ooma by 143.3% in the third quarter. Segall Bryant & Hamill LLC now owns 198,228 shares of the technology company’s stock valued at $2,377,000 after buying an additional 116,767 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ooma by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 553,916 shares of the technology company’s stock worth $6,641,000 after acquiring an additional 44,589 shares in the last quarter. Teton Advisors LLC bought a new position in shares of Ooma in the third quarter worth about $240,000. Assenagon Asset Management S.A. lifted its holdings in shares of Ooma by 32.3% in the first quarter. Assenagon Asset Management S.A. now owns 206,481 shares of the technology company’s stock worth $3,004,000 after acquiring an additional 50,413 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Ooma by 107.3% in the 4th quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock valued at $1,132,000 after purchasing an additional 50,114 shares in the last quarter. 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.