Ooma (NYSE:OOMA) Updates FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.350-1.380 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of $332.0 million-$333.5 million, compared to the consensus revenue estimate of $327.3 million. Ooma also updated its Q3 2027 guidance to 0.340-0.350 EPS.

Ooma Trading Down 0.3%

NYSE OOMA traded down $0.06 during trading on Wednesday, hitting $20.53. 348,208 shares of the company’s stock traded hands, compared to its average volume of 292,929. The stock has a fifty day moving average of $20.14 and a two-hundred day moving average of $16.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69. Ooma has a 12-month low of $9.79 and a 12-month high of $22.72. The firm has a market cap of $564.58 million, a P/E ratio of 64.16 and a beta of 1.19.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The firm had revenue of $83.23 million for the quarter, compared to the consensus estimate of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. As a group, sell-side analysts expect that Ooma will post 0.8 EPS for the current year.

Analyst Ratings Changes

OOMA has been the topic of several analyst reports. William Blair set a $24.00 target price on shares of Ooma in a research note on Monday, August 17th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a report on Monday, May 18th. Lake Street Capital upped their price objective on shares of Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. Finally, Benchmark reissued a “buy” rating on shares of Ooma in a research note on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

Insiders Place Their Bets

In other news, SVP Jenny C. Yeh sold 1,757 shares of Ooma stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $22.00, for a total transaction of $38,654.00. Following the sale, the senior vice president owned 258,615 shares of the company’s stock, valued at approximately $5,689,530. The trade was a 0.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Russell Mann sold 20,000 shares of the business’s 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 transaction, the director owned 116,115 shares in the company, valued at $2,130,710.25. This represents a 14.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 118,652 shares of company stock valued at $2,225,186 over the last quarter. 9.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ooma

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Ooma by 5.2% in the fourth quarter. Invesco Ltd. now owns 42,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 2,116 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Ooma by 20.1% during the 4th quarter. Mackenzie Financial Corp now owns 169,937 shares of the technology company’s stock valued at $1,969,000 after buying an additional 28,396 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Ooma by 9.2% in the 4th quarter. NewEdge Advisors LLC now owns 19,356 shares of the technology company’s stock worth $227,000 after buying an additional 1,627 shares during the period. Man Group plc grew its position in shares of Ooma by 5.1% in the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after buying an additional 880 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in shares of Ooma in the 4th quarter worth about $552,000. 80.42% of the stock is currently owned by 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.