Ooma, Inc. (NYSE:OOMA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Ooma, Inc. (NYSE:OOMA) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.3333.

Several research firms recently weighed in on OOMA. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. Citigroup reiterated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Lake Street Capital lifted their price objective 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 report on Monday, May 18th. Finally, UBS Group set a $24.00 price target on Ooma in a research report on Wednesday, May 27th.

Insiders Place Their Bets

In related news, SVP Jenny C. Yeh sold 12,840 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $19.57, for a total transaction of $251,278.80. Following the completion of the sale, the senior vice president owned 264,615 shares in the company, valued at approximately $5,178,515.55. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Russell Mann sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total transaction of $367,000.00. Following the transaction, the director directly owned 116,115 shares of the company’s stock, valued at $2,130,710.25. The trade was a 14.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 116,895 shares of company stock valued at $2,186,532. Insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Ooma

Several institutional investors have recently modified their holdings of the stock. Amundi purchased a new stake in Ooma during the 1st quarter valued at $387,000. AQR Capital Management LLC purchased a new stake in shares of Ooma in the first quarter valued at approximately $478,000. Millennium Management LLC lifted its holdings in shares of Ooma by 81.6% in the 1st quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock worth $4,144,000 after buying an additional 142,220 shares during the period. Goldman Sachs Group Inc. grew its holdings in Ooma by 4.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 248,612 shares of the technology company’s stock worth $3,254,000 after acquiring an additional 11,300 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Ooma by 162.6% during the first quarter. Jane Street Group LLC now owns 34,227 shares of the technology company’s stock valued at $448,000 after purchasing an additional 21,192 shares in the last quarter. 80.42% of the stock is owned by institutional investors.

Ooma Stock Performance

Ooma stock opened at $20.24 on Thursday. 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 has a fifty-two week low of $9.79 and a fifty-two week high of $21.96. The stock has a market cap of $556.60 million, a price-to-earnings ratio of 63.25 and a beta of 1.20. The stock’s 50 day simple moving average is $18.53 and its two-hundred day simple moving average is $15.10.

Ooma (NYSE:OOMA) last posted its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 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 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. As a group, analysts expect that Ooma will post 0.8 earnings per share for the current fiscal year.

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.