Ooma, Inc. (NYSE:OOMA) Receives $22.33 Average Target Price from Brokerages

Ooma, Inc. (NYSE:OOMA) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $22.3333.

OOMA has been the topic of a number of recent research reports. UBS Group set a $24.00 price objective on Ooma in a research report on Wednesday, May 27th. Lake Street Capital boosted their target price on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. Citigroup restated a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th.

Ooma Trading Down 4.3%

OOMA stock opened at $20.12 on Monday. The firm has a fifty day moving average price of $19.52 and a 200 day moving average price of $16.42. Ooma has a fifty-two week low of $9.79 and a fifty-two week high of $22.72. The firm has a market cap of $553.30 million, a PE ratio of 62.88 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $81.15 million during the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that Ooma will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Ooma

In related news, Director Russell Mann sold 20,000 shares of Ooma 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 completion of the transaction, the director directly owned 116,115 shares of the company’s stock, valued at approximately $2,130,710.25. The trade was a 14.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric B. Stang sold 23,212 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $20.00, for a total transaction of $464,240.00. Following the transaction, the chief executive officer owned 795,506 shares in the company, valued at $15,910,120. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 118,652 shares of company stock worth $2,225,186. 9.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ooma

Hedge funds and other institutional investors have recently modified their holdings of the business. IFC & Insurance Marketing Inc. purchased a new position in Ooma during the 4th quarter valued at $34,000. Tower Research Capital LLC TRC increased its stake in Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after buying an additional 2,507 shares during the period. Meeder Asset Management Inc. lifted its holdings in Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock valued at $49,000 after buying an additional 740 shares in the last quarter. CWM LLC boosted its position in Ooma by 45.6% in the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock valued at $52,000 after buying an additional 1,378 shares during the period. Finally, Royal Bank of Canada grew its stake in Ooma by 24.1% in the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after acquiring an additional 867 shares in the last quarter. 80.42% of the stock is currently 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.