Brokerages Set Ooma, Inc. (NYSE:OOMA) Price Target at $22.33

Shares of Ooma, Inc. (NYSE:OOMA) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $22.3333.

Several research firms recently issued reports on OOMA. Alliance Global Partners restated a “buy” rating on shares of Ooma in a report on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. B. Riley Financial restated a “buy” rating on shares of Ooma in a report on Monday, May 18th. Lake Street Capital raised their target price on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, UBS Group set a $24.00 target price on Ooma in a report on Wednesday, May 27th.

Ooma Stock Performance

Ooma stock opened at $17.54 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69. The stock has a fifty day moving average price of $17.55 and a two-hundred day moving average price of $14.30. Ooma has a 52-week low of $9.79 and a 52-week high of $21.96. The firm has a market capitalization of $482.46 million, a P/E ratio of 54.83 and a beta of 1.22.

Ooma (NYSE:OOMA) last announced its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate 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 return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. As a group, analysts anticipate that Ooma will post 0.8 EPS for the current fiscal year.

Insider Transactions at Ooma

In other news, Director William D. Pearce sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total transaction of $53,940.00. Following the sale, the director owned 181,652 shares of the company’s stock, valued at $3,266,102.96. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shigeyuki Hamamatsu sold 27,696 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $17.64, for a total value of $488,557.44. Following the sale, the chief financial officer directly owned 193,283 shares in the company, valued at approximately $3,409,512.12. This represents a 12.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 50,696 shares of company stock valued at $909,497 over the last 90 days. 9.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ooma

Hedge funds and other institutional investors have recently bought and sold shares of the company. IFC & Insurance Marketing Inc. acquired a new stake in Ooma in the 4th quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its position 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 purchasing an additional 2,507 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Ooma by 28.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares during the last quarter. CWM LLC increased its position in shares of Ooma by 45.6% during the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Royal Bank of Canada increased its position 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 purchasing an additional 867 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

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.