Ooma (NYSE:OOMA) Releases Earnings Results

Ooma (NYSE:OOMA) issued its earnings results on Tuesday. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11), Zacks reports. Ooma had a negative net margin of 3.83% and a negative return on equity of 2.51%.

Ooma Trading Down 0.7 %

NYSE:OOMA traded down $0.10 during trading hours on Tuesday, hitting $13.78. 137,998 shares of the stock were exchanged, compared to its average volume of 107,571. The company has a market capitalization of $372.03 million, a P/E ratio of -37.24 and a beta of 0.96. Ooma has a twelve month low of $6.50 and a twelve month high of $17.00. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $14.44 and its two-hundred day moving average is $13.03.

Wall Street Analysts Forecast Growth

OOMA has been the topic of several analyst reports. Benchmark increased their price target on shares of Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. B. Riley raised their price objective on shares of Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research note on Monday, November 25th. Northland Securities upped their price target on Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Lake Street Capital increased their price objective on Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $16.60.

Insider Activity

In other news, Director Andrew H. Galligan sold 14,824 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $14.56, for a total value of $215,837.44. Following the completion of the transaction, the director now owns 241,932 shares of the company’s stock, valued at $3,522,529.92. The trade was a 5.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James A. Gustke sold 3,582 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $17.00, for a total value of $60,894.00. Following the sale, the senior vice president now directly owns 27,675 shares in the company, valued at $470,475. The trade was a 11.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,457 shares of company stock valued at $2,413,132 over the last 90 days. 9.76% of the stock is owned by company insiders.

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.