Ooma (NYSE:OOMA) Stock Crosses Above 50 Day Moving Average – Here’s Why

Ooma, Inc. (NYSE:OOMA)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.68 and traded as high as $11.79. Ooma shares last traded at $11.3550, with a volume of 167,686 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OOMA shares. Lake Street Capital raised their target price on Ooma from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Benchmark reissued a “buy” rating on shares of Ooma in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Ooma presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Ooma Trading Down 3.9%

The firm has a market capitalization of $313.40 million, a price-to-earnings ratio of 162.21 and a beta of 1.35. The stock has a fifty day moving average price of $11.68 and a 200-day moving average price of $11.73.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Monday, December 8th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Ooma had a return on equity of 10.81% and a net margin of 0.85%.The business had revenue of $67.63 million for the quarter, compared to analyst estimates of $67.58 million. 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, equities analysts expect that Ooma, Inc. will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Ooma

Hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System boosted its position in Ooma by 2,188.0% in the second 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 boosted its holdings in shares of 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 grew its position in Ooma by 50.5% during the 3rd 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 last quarter. Tower Research Capital LLC TRC grew its position in Ooma by 225.2% during the 2nd 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 last quarter. Finally, Lazard Asset Management LLC increased its holdings in Ooma by 503.1% during the 2nd quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock valued at $63,000 after purchasing an additional 4,110 shares in the last quarter. Institutional investors and hedge funds 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.