Ooma (NYSE:OOMA) Updates Q3 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.340-0.350 for the period, compared to the consensus EPS estimate of 0.290. The company issued revenue guidance of $83.7 million-$84.5 million, compared to the consensus revenue estimate of $81.9 million. Ooma also updated its FY 2027 guidance to 1.350-1.380 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OOMA. Lake Street Capital raised their price target on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research report on Monday, May 18th. William Blair set a $24.00 target price on Ooma in a research note on Monday, August 17th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, UBS Group set a $24.00 price objective on shares of Ooma in a report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.67.

Ooma Stock Performance

OOMA traded down $0.06 during trading hours on Wednesday, hitting $20.53. The company’s stock had a trading volume of 348,208 shares, compared to its average volume of 292,929. The company has a 50-day simple moving average of $20.14 and a 200 day simple moving average of $16.99. 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 firm has a market capitalization of $564.58 million, a PE ratio of 64.16 and a beta of 1.19. Ooma has a fifty-two week low of $9.79 and a fifty-two week high of $22.72.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $83.23 million during the quarter, compared to analyst estimates of $81.72 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, sell-side analysts expect that Ooma will post 0.8 EPS for the current year.

Insider Transactions at Ooma

In other Ooma news, Director Russell Mann sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total transaction of $367,000.00. Following the sale, the director directly owned 116,115 shares in the company, valued at approximately $2,130,710.25. The trade was a 14.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric B. Stang sold 27,666 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $18.50, for a total value of $511,821.00. Following the completion of the sale, the chief executive officer owned 818,718 shares of the company’s stock, valued at $15,146,283. This trade represents a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 118,652 shares of company stock worth $2,225,186 over the last ninety days. Insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Ooma

A number of large investors have recently made changes to their positions in OOMA. IFC & Insurance Marketing Inc. acquired a new position in Ooma in the 4th quarter worth approximately $34,000. Tower Research Capital LLC TRC raised its stake 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 valued at $47,000 after purchasing an additional 2,507 shares during the period. Royal Bank of Canada lifted its holdings in shares of Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after purchasing an additional 867 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Ooma in the fourth quarter valued at $59,000. Finally, Lazard Asset Management LLC boosted its position in shares of Ooma by 503.1% in the second quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock worth $63,000 after buying an additional 4,110 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

Ooma Company Profile

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.