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

Ooma, Inc. (NYSE:OOMA) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $22.3333.

A number of research firms recently issued reports on OOMA. Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research note on Monday, May 18th. UBS Group set a $24.00 target price on shares of Ooma in a research note on Wednesday, May 27th. Finally, Lake Street Capital boosted their price objective on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th.

Ooma Price Performance

Shares of Ooma stock opened at $20.84 on Monday. The firm has a market cap of $573.10 million, a PE ratio of 65.13 and a beta of 1.19. Ooma has a twelve month low of $9.79 and a twelve month high of $22.72. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $19.66 and a 200 day moving average price of $16.55.

Ooma (NYSE:OOMA) last issued its quarterly earnings results 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. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The company had revenue of $81.15 million for the quarter, compared to the consensus estimate 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. Sell-side analysts predict that Ooma will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ooma news, Director William D. Pearce sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total transaction of $53,940.00. Following the completion of the sale, the director owned 181,652 shares of the company’s stock, valued at $3,266,102.96. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric B. Stang sold 27,666 shares of the stock in a transaction 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 transaction, the chief executive officer owned 818,718 shares of the company’s stock, valued at approximately $15,146,283. This represents a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 118,652 shares of company stock worth $2,225,186 over the last ninety days. 9.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ooma

Institutional investors have recently made changes to their positions in the stock. Amundi purchased a new position in shares of Ooma during the 1st quarter worth approximately $387,000. AQR Capital Management LLC acquired a new position in Ooma during the first quarter worth $478,000. Millennium Management LLC boosted its position 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 buying an additional 142,220 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Ooma by 4.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,612 shares of the technology company’s stock valued at $3,254,000 after buying an additional 11,300 shares during the period. Finally, Jane Street Group LLC lifted its stake in Ooma by 162.6% during the 1st quarter. Jane Street Group LLC now owns 34,227 shares of the technology company’s stock worth $448,000 after acquiring an additional 21,192 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.

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.