Ooma (NYSE:OOMA) Releases FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.290-1.340 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of $326.0 million-$328.5 million, compared to the consensus revenue estimate of $322.8 million. Ooma also updated its Q2 2027 guidance to 0.330-0.340 EPS.

Ooma Stock Performance

Shares of OOMA traded up $0.21 during mid-day trading on Tuesday, reaching $19.33. The company had a trading volume of 373,740 shares, compared to its average volume of 237,405. Ooma has a 52-week low of $9.79 and a 52-week high of $19.60. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $531.77 million, a P/E ratio of 87.87 and a beta of 1.20. The stock has a 50 day moving average of $16.02 and a two-hundred day moving average of $13.29.

Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Ooma had a return on equity of 15.60% and a net margin of 2.36%.The firm 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. On average, analysts expect that Ooma will post 0.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on OOMA. Benchmark reaffirmed a “buy” rating on shares of Ooma in a report on Thursday, March 5th. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ooma has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Insider Activity at Ooma

In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $14.22, for a total value of $153,433.80. Following the completion of the sale, the chief financial officer owned 231,128 shares of the company’s stock, valued at approximately $3,286,640.16. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Ooma

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in shares of Ooma by 5.2% in the fourth quarter. Invesco Ltd. now owns 42,896 shares of the technology company’s stock valued at $503,000 after purchasing an additional 2,116 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Ooma by 20.1% in the fourth quarter. Mackenzie Financial Corp now owns 169,937 shares of the technology company’s stock valued at $1,969,000 after purchasing an additional 28,396 shares during the last quarter. NewEdge Advisors LLC increased its stake in Ooma by 9.2% during the fourth quarter. NewEdge Advisors LLC now owns 19,356 shares of the technology company’s stock worth $227,000 after acquiring an additional 1,627 shares during the last quarter. Man Group plc increased its stake in Ooma by 5.1% during the fourth quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after acquiring an additional 880 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in Ooma during the fourth quarter worth $552,000. Institutional investors and hedge funds own 80.42% of the company’s stock.

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.