Shigeyuki Hamamatsu Sells 4,807 Shares of Ooma (NYSE:OOMA) Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 4,807 shares of Ooma stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $22.33, for a total transaction of $107,340.31. Following the sale, the chief financial officer directly owned 179,420 shares in the company, valued at $4,006,448.60. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ooma Trading Up 3.4%

OOMA stock traded up $0.77 during trading on Thursday, reaching $23.30. The company had a trading volume of 366,700 shares, compared to its average volume of 430,474. Ooma, Inc. has a 52 week low of $9.79 and a 52 week high of $26.19. The company has a market cap of $640.75 million, a P/E ratio of 61.32 and a beta of 1.20. The business has a 50 day moving average of $20.82 and a 200 day moving average of $17.52. 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 issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $83.23 million during the quarter, compared to analyst estimates of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.89%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, sell-side analysts forecast that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OOMA. UBS Group reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Benchmark restated a “buy” rating on shares of Ooma in a report on Monday, August 17th. B. Riley Financial upped their target price 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 reissued a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, Lake Street Capital reissued a “buy” rating and set a $25.00 price objective on shares of Ooma in a research note on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Ooma in the second quarter worth $69,001,000. Vanguard Group Inc. increased its holdings in shares of Ooma by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock valued at $18,009,000 after acquiring an additional 34,960 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after acquiring an additional 99,100 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Ooma by 4.0% in the 4th quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock worth $6,757,000 after purchasing an additional 22,125 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Ooma by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock worth $6,161,000 after purchasing an additional 76,088 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Trending Headlines about Ooma

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Analysts raised several earnings forecasts. Lake Street Capital increased its FY2027 EPS estimate to $0.86 from $0.79 and its FY2028 estimate to $0.86 from $0.83. Benchmark lifted its FY2027 estimate to $0.89 from $0.83 and its FY2028 estimate to $1.03 from $0.98. Citizens JMP also raised its FY2027 estimate to $0.83 from $0.77 and FY2028 to $0.96 from $0.90. These revisions reinforce expectations for improving profitability at Ooma. Analyst earnings estimate reports
• Positive Sentiment: Buy ratings and a $25 price target provide support. Lake Street Capital and Benchmark maintained Buy ratings; Lake Street’s $25 target remains above the stock’s referenced trading level. Citizens JMP’s estimates imply EPS growth from the current-year consensus of $0.86 to $0.96 in FY2028 and $1.20 in FY2029, although its FY2029 estimate was modestly reduced. Ooma analyst ratings and estimates
• Neutral Sentiment: Ooma will meet institutional investors on September 23. CEO Eric Stang, CFO Shig Hamamatsu and senior corporate-development executive Chris Burgy are scheduled to hold virtual meetings during the NYSE Investor Access Technology Day. The event could offer updates on strategy, growth and artificial-intelligence initiatives, but no new guidance was announced. Ooma NYSE Investor Access Technology Day announcement
• Neutral Sentiment: Industry views on AI-enabled VoIP and unified communications are mixed. The broader assessment suggests that AI capabilities vary considerably among providers, making the article relevant to Ooma’s competitive positioning but offering no specific new product or financial information about the company. AI capabilities in VoIP and unified communications offerings
• Negative Sentiment: Some estimate reductions temper the optimism. Citizens JMP lowered its Q1 2029 EPS forecast to $0.28 from $0.29, its Q3 2028 estimate to $0.24 from $0.25, and its FY2029 estimate to $1.20 from $1.21. Lake Street also trimmed its Q4 2027 estimate to $0.19 from $0.20. These cuts indicate that the outlook is positive overall but not uniformly improving.

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.