Investment Analysts’ Weekly Ratings Updates for Ooma (OOMA)
Ooma (NYSE: OOMA) recently received a number of ratings updates from brokerages and research firms:
- 3/11/2017 – Ooma had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $15.50 price target on the stock.
- 3/8/2017 – Ooma had its price target raised by analysts at Credit Suisse Group AG from $12.00 to $16.00. They now have an “outperform” rating on the stock.
- 3/6/2017 – Ooma had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $15.50 price target on the stock.
- 3/1/2017 – Ooma had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $15.50 price target on the stock.
Ooma Inc (NYSE:OOMA) opened at 9.75 on Tuesday. The company’s market cap is $174.96 million. Ooma Inc has a 52-week low of $5.81 and a 52-week high of $10.50. The firm’s 50-day moving average is $9.83 and its 200 day moving average is $9.21.
Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, March 7th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Ooma had a negative return on equity of 32.06% and a negative net margin of 13.13%. The firm earned $27.60 million during the quarter, compared to the consensus estimate of $27.20 million. During the same period last year, the company earned ($0.10) earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities research analysts predict that Ooma Inc will post ($0.11) EPS for the current fiscal year.
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In other Ooma news, VP James A. Gustke sold 6,000 shares of the stock in a transaction on Friday, January 20th. The stock was sold at an average price of $9.06, for a total value of $54,360.00. Following the completion of the transaction, the vice president now owns 182,327 shares in the company, valued at $1,651,882.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Wei sold 3,275,000 shares of the stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $8.30, for a total value of $27,182,500.00. Following the completion of the transaction, the director now owns 61,948 shares of the company’s stock, valued at approximately $514,168.40. The disclosure for this sale can be found here. 48.19% of the stock is owned by company insiders.
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.
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