Ooma, Inc. (NYSE:OOMA) Given Average Rating of “Moderate Buy” by Brokerages

Ooma, Inc. (NYSE:OOMA) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $22.3333.

Several equities research analysts have weighed in on the stock. UBS Group set a $24.00 target price on shares of Ooma in a report on Wednesday, May 27th. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Benchmark reiterated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Citigroup reiterated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th.

Insider Buying and Selling at Ooma

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

Institutional Investors Weigh In On Ooma

A number of hedge funds and other institutional investors have recently made changes to their positions in OOMA. Hillsdale Investment Management Inc. acquired a new stake in shares of Ooma during the first quarter worth $5,847,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Ooma during the fourth quarter worth $1,877,000. Two Sigma Investments LP raised its holdings in shares of Ooma by 419.6% during the third quarter. Two Sigma Investments LP now owns 188,635 shares of the technology company’s stock worth $2,262,000 after acquiring an additional 152,328 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Ooma during the fourth quarter worth $1,774,000. Finally, Millennium Management LLC raised its holdings in shares of Ooma by 81.6% during the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock worth $4,144,000 after acquiring an additional 142,220 shares during the period. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Price Performance

Shares of OOMA stock opened at $17.11 on Friday. Ooma has a 52-week low of $9.79 and a 52-week high of $21.96. The stock has a market cap of $470.50 million, a PE ratio of 53.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. 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 announced its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Ooma had a net margin of 3.17% and a return on equity of 20.21%. The firm had revenue of $81.15 million for the quarter, compared to analysts’ expectations of $79.84 million. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. As a group, analysts forecast that Ooma will post 0.8 EPS for the current 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.