Ooma (NYSE:OOMA) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Ooma, Inc. (NYSE:OOMA) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.62 and traded as high as $11.90. Ooma shares last traded at $11.4830, with a volume of 151,614 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Lake Street Capital upped their price objective on Ooma from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Benchmark reissued a “buy” rating on shares of Ooma in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.00.

Ooma Price Performance

The firm has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $11.75. The stock has a market capitalization of $316.93 million, a PE ratio of 164.04 and a beta of 1.35.

Ooma (NYSE:OOMA) last posted its quarterly earnings data on Monday, December 8th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $67.63 million during the quarter, compared to analysts’ expectations of $67.58 million. Ooma had a return on equity of 10.81% and a net margin of 0.85%.Ooma has set its FY 2026 guidance at 1.000-1.020 EPS and its Q4 2026 guidance at 0.300-0.320 EPS. On average, research analysts expect that Ooma, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OOMA. New York State Teachers Retirement System lifted its holdings in Ooma by 2,188.0% during the 2nd quarter. New York State Teachers Retirement System now owns 2,288 shares of the technology company’s stock valued at $30,000 after buying an additional 2,188 shares in the last quarter. Versant Capital Management Inc grew its stake in Ooma by 465.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,589 shares of the technology company’s stock worth $31,000 after acquiring an additional 2,131 shares in the last quarter. CWM LLC increased its position in shares of Ooma by 50.5% during the third quarter. CWM LLC now owns 3,022 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,014 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Ooma by 225.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after acquiring an additional 2,507 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Ooma by 503.1% during the second quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock valued at $63,000 after acquiring an additional 4,110 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

About Ooma

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.