Ooma (NYSE:OOMA) Updates Q3 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.340-0.350 for the period, compared to the consensus earnings per share estimate of 0.290. The company issued revenue guidance of $83.7 million-$84.5 million, compared to the consensus revenue estimate of $81.9 million. Ooma also updated its FY 2027 guidance to 1.350-1.380 EPS.

Ooma Stock Down 0.3%

OOMA stock traded down $0.06 during mid-day trading on Wednesday, reaching $20.53. 354,866 shares of the company traded hands, compared to its average volume of 292,958. 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 firm’s 50 day moving average price is $20.14 and its 200 day moving average price is $16.99. Ooma has a fifty-two week low of $9.79 and a fifty-two week high of $22.72. The stock has a market cap of $564.58 million, a price-to-earnings ratio of 64.16 and a beta of 1.19.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $81.15 million for the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.21%. As a group, equities research analysts predict that Ooma will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on OOMA shares. Citigroup reiterated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial restated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Alliance Global Partners restated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. William Blair set a $24.00 price objective on shares of Ooma in a research note on Monday, August 17th. Finally, UBS Group set a $24.00 target price on shares of Ooma in a report on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Insider Buying and Selling

In other Ooma news, SVP Jenny C. Yeh sold 1,757 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $22.00, for a total value of $38,654.00. Following the transaction, the senior vice president owned 258,615 shares of the company’s stock, valued at $5,689,530. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric B. Stang sold 23,212 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $20.00, for a total transaction of $464,240.00. Following the sale, the chief executive officer owned 795,506 shares in the company, valued at $15,910,120. This trade represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 118,652 shares of company stock valued at $2,225,186. 9.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFC & Insurance Marketing Inc. acquired a new position in Ooma in the fourth quarter valued at $34,000. Tower Research Capital LLC TRC raised its stake in shares of Ooma by 225.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after buying an additional 2,507 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Ooma by 24.1% during the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after buying an additional 867 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Ooma during the fourth quarter worth $59,000. Finally, Lazard Asset Management LLC raised its position in Ooma by 503.1% in the second quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock worth $63,000 after acquiring an additional 4,110 shares in the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

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.