Ooma, Inc. (NYSE:OOMA) has been assigned an average recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $28.17.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ooma from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 4th. B. Riley upped their price target on Ooma from $24.00 to $27.50 and gave the company a “buy” rating in a research report on Friday, September 3rd. Benchmark lifted their target price on Ooma from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 3rd. Finally, JMP Securities upped their price target on Ooma from $22.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, September 3rd.
In other news, VP Jenny C. Yeh sold 3,817 shares of the stock in a transaction that occurred on Friday, October 29th. The stock was sold at an average price of $22.04, for a total transaction of $84,126.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.90% of the company’s stock.
Shares of NYSE OOMA traded down $0.09 during mid-day trading on Thursday, hitting $20.35. 44,363 shares of the stock traded hands, compared to its average volume of 128,558. The company has a market cap of $478.23 million, a PE ratio of -185.00 and a beta of 0.50. Ooma has a twelve month low of $13.32 and a twelve month high of $24.89. The firm has a 50 day simple moving average of $20.46 and a two-hundred day simple moving average of $19.43.
Ooma (NYSE:OOMA) last posted its earnings results on Thursday, September 2nd. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. Ooma had a negative return on equity of 2.50% and a negative net margin of 1.30%. The firm had revenue of $47.06 million during the quarter, compared to the consensus estimate of $46.36 million. During the same period last year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities analysts anticipate that Ooma will post -0.11 EPS for the current year.
Ooma Company Profile
Ooma, Inc engages in the provision of platform for cloud-based communications solutions, smart security and other connected services. It helps create smart workplaces and homes by providing communications, monitoring, security, automation, productivity, and networking infrastructure applications. Its products and services include Ooma business and Ooma residential.
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