Ooma (NYSE:OOMA) Share Price Passes Above 50 Day Moving Average – What’s Next?

Ooma, Inc. (NYSE:OOMA) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.23 and traded as high as $14.18. Ooma shares last traded at $13.9350, with a volume of 304,570 shares.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.00.

Ooma Stock Down 1.9%

The firm’s 50 day simple moving average is $12.33 and its two-hundred day simple moving average is $11.93. The stock has a market capitalization of $383.47 million, a P/E ratio of 63.16 and a beta of 1.32.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Ooma had a net margin of 2.36% and a return on equity of 15.79%. The company had revenue of $74.58 million for the quarter, compared to analysts’ expectations of $72.55 million. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. As a group, equities research analysts expect that Ooma, Inc. will post -0.06 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80. Following the completion of the sale, the chief financial officer owned 231,128 shares in the company, valued at $3,286,640.16. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Ooma

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Ooma by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after acquiring an additional 34,960 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ooma by 2.3% in the second quarter. Geode Capital Management LLC now owns 588,098 shares of the technology company’s stock valued at $7,588,000 after purchasing an additional 13,258 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Ooma by 4.0% in the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after purchasing an additional 22,125 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Ooma by 17.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after purchasing an additional 76,088 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ooma by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 334,910 shares of the technology company’s stock valued at $3,928,000 after purchasing an additional 17,184 shares in the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

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.