Ooma, Inc. (NYSE:OOMA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ooma, Inc. (NYSE:OOMA) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.3333.

OOMA has been the topic of several research analyst reports. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. UBS Group set a $24.00 price target on shares of Ooma in a research note on Wednesday, May 27th. Lake Street Capital increased their price target on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Benchmark reissued a “buy” rating on shares of Ooma in a research note on Thursday, March 5th.

Insider Activity at Ooma

In other news, Director William D. Pearce sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total transaction of $53,940.00. Following the sale, the director directly owned 181,652 shares of the company’s stock, valued at $3,266,102.96. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shigeyuki Hamamatsu sold 27,696 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $17.64, for a total transaction of $488,557.44. Following the sale, the chief financial officer directly owned 193,283 shares in the company, valued at $3,409,512.12. This trade represents a 12.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.90% of the stock is owned by corporate insiders.

Institutional Trading of Ooma

Several hedge funds have recently modified their holdings of the stock. Amundi bought a new position in Ooma in the first quarter valued at approximately $387,000. AQR Capital Management LLC bought a new position in Ooma in the first quarter valued at approximately $478,000. Millennium Management LLC boosted its stake in Ooma by 81.6% in the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock valued at $4,144,000 after acquiring an additional 142,220 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Ooma by 4.8% in the first quarter. Goldman Sachs Group Inc. now owns 248,612 shares of the technology company’s stock valued at $3,254,000 after acquiring an additional 11,300 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Ooma by 162.6% in the first quarter. Jane Street Group LLC now owns 34,227 shares of the technology company’s stock valued at $448,000 after acquiring an additional 21,192 shares during the last quarter. 80.42% of the stock is owned by institutional investors.

Ooma Price Performance

Shares of Ooma stock opened at $17.11 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $470.50 million, a price-to-earnings ratio of 53.47 and a beta of 1.22. Ooma has a 1-year low of $9.79 and a 1-year high of $21.96. The firm’s 50-day moving average price is $17.25 and its two-hundred day moving average price is $14.09.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $81.15 million for the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. 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, equities analysts predict that Ooma will post 0.8 earnings per share for the current fiscal year.

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.