Ooma (NYSE:OOMA) Updates Q2 2027 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.330-0.340 for the period, compared to the consensus earnings per share estimate of 0.290. The company issued revenue guidance of $81.6 million-$82.3 million, compared to the consensus revenue estimate of $80.2 million. Ooma also updated its FY 2027 guidance to 1.290-1.340 EPS.

Ooma Trading Up 1.1%

OOMA traded up $0.21 during trading on Tuesday, hitting $19.33. The company’s stock had a trading volume of 373,740 shares, compared to its average volume of 237,405. The firm’s 50 day moving average price is $16.02 and its 200-day moving average price is $13.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. The stock has a market cap of $531.77 million, a PE ratio of 87.87 and a beta of 1.20. Ooma has a twelve month low of $9.79 and a twelve month high of $19.60.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 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 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. On average, analysts expect that Ooma will post 0.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. B. Riley Financial restated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Benchmark restated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Insiders Place Their Bets

In other Ooma news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $3,286,640.16. This represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ooma

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Ooma by 24.1% during the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after purchasing an additional 867 shares during the last quarter. Man Group plc lifted its position in shares of Ooma by 5.1% during the fourth quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after purchasing an additional 880 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Ooma by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 111,251 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 1,137 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Ooma by 9.2% during the fourth quarter. NewEdge Advisors LLC now owns 19,356 shares of the technology company’s stock worth $227,000 after purchasing an additional 1,627 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Ooma by 5.2% during the fourth quarter. Invesco Ltd. now owns 42,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 2,116 shares during the last quarter. 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.