Ooma, Inc. (NYSE:OOMA – Free Report) – Equities research analysts at William Blair lifted their FY2026 earnings per share estimates for shares of Ooma in a report issued on Thursday, May 29th. William Blair analyst A. Bhatia now forecasts that the technology company will post earnings of $0.23 per share for the year, up from their previous estimate of $0.21. The consensus estimate for Ooma’s current full-year earnings is ($0.06) per share. William Blair also issued estimates for Ooma’s Q1 2027 earnings at $0.07 EPS and Q3 2027 earnings at $0.06 EPS.
OOMA has been the subject of several other reports. Benchmark boosted their price objective on Ooma from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Lake Street Capital decreased their price objective on Ooma from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $17.63.
Ooma Price Performance
Shares of OOMA opened at $13.51 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a 50 day simple moving average of $12.72 and a 200 day simple moving average of $13.78. Ooma has a 52-week low of $7.83 and a 52-week high of $17.00. The firm has a market capitalization of $372.21 million, a PE ratio of -36.50 and a beta of 1.21.
Insiders Place Their Bets
In other Ooma news, CAO Namrata Sabharwal sold 3,428 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $13.46, for a total transaction of $46,140.88. Following the completion of the transaction, the chief accounting officer now owns 80,931 shares of the company’s stock, valued at $1,089,331.26. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.90% of the company’s stock.
Institutional Investors Weigh In On Ooma
Institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. bought a new stake in shares of Ooma during the 4th quarter worth approximately $363,000. Deutsche Bank AG raised its stake in shares of Ooma by 95.4% during the 4th quarter. Deutsche Bank AG now owns 26,182 shares of the technology company’s stock worth $368,000 after purchasing an additional 12,780 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Ooma by 138.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 75,456 shares of the technology company’s stock worth $1,061,000 after purchasing an additional 43,776 shares in the last quarter. Northern Trust Corp raised its stake in shares of Ooma by 5.4% during the 4th quarter. Northern Trust Corp now owns 215,579 shares of the technology company’s stock worth $3,031,000 after purchasing an additional 11,107 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Ooma by 284.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 253,016 shares of the technology company’s stock worth $3,557,000 after purchasing an additional 187,245 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.
Ooma Company Profile
Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.
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