Ooma (NYSE:OOMA) will release its earnings data after the market closes on Tuesday, May 21st. Analysts expect Ooma to post earnings of ($0.20) per share for the quarter. Ooma has set its Q1 2020 guidance at $-0.06–0.04 EPS and its FY 2020 guidance at $-0.24–0.14 EPS.
Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, March 5th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. The business had revenue of $34.72 million for the quarter, compared to analysts’ expectations of $33.19 million. Ooma had a negative return on equity of 39.40% and a negative net margin of 11.28%. On average, analysts expect Ooma to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
OOMA stock opened at $13.58 on Tuesday. The company has a market capitalization of $280.10 million, a P/E ratio of -19.68 and a beta of 0.91. Ooma has a 12-month low of $10.65 and a 12-month high of $17.50.
Several research firms recently issued reports on OOMA. Zacks Investment Research raised Ooma from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. ValuEngine lowered shares of Ooma from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 24th. B. Riley boosted their target price on shares of Ooma from $20.00 to $20.50 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, JMP Securities reiterated a “buy” rating and set a $20.00 target price on shares of Ooma in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ooma has a consensus rating of “Buy” and an average price target of $17.63.
In other Ooma news, CEO Eric B. Stang sold 11,548 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $15.12, for a total transaction of $174,605.76. Following the completion of the sale, the chief executive officer now directly owns 292,500 shares in the company, valued at approximately $4,422,600. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 12,548 shares of company stock valued at $188,106. Company insiders own 10.19% of the company’s stock.
An institutional investor recently raised its position in Ooma stock. Geode Capital Management LLC lifted its stake in Ooma Inc (NYSE:OOMA) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,009 shares of the technology company’s stock after purchasing an additional 12,220 shares during the period. Geode Capital Management LLC owned 1.09% of Ooma worth $3,052,000 at the end of the most recent reporting period. 75.29% of the stock is currently owned by institutional investors.
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Ooma Company Profile
Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.
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