Ooma (NYSE:OOMA) Releases Earnings Results, Beats Estimates By $0.03 EPS

Ooma (NYSE:OOMA) posted its earnings results on Tuesday. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03, FiscalAI reports. Ooma had a net margin of 2.36% and a return on equity of 15.60%. The firm had revenue of $81.15 million during the quarter, compared to analyst estimates of $79.84 million. Ooma updated its FY 2027 guidance to 1.290-1.340 EPS and its Q2 2027 guidance to 0.330-0.340 EPS.

Ooma Trading Up 1.1%

NYSE OOMA traded up $0.21 on Tuesday, hitting $19.33. 388,833 shares of the stock were exchanged, compared to its average volume of 238,293. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The stock has a fifty day moving average price of $16.02 and a two-hundred day moving average price of $13.29. The firm has a market capitalization of $531.77 million, a P/E ratio of 87.87 and a beta of 1.20. Ooma has a 52-week low of $9.79 and a 52-week high of $19.60.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OOMA shares. Benchmark reissued a “buy” rating on shares of Ooma in a report on Thursday, March 5th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.00.

Insider Buying and Selling

In other Ooma news, CFO Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock in a transaction on Friday, March 6th. The shares were sold at an average price of $14.22, for a total transaction of $153,433.80. Following the completion of the transaction, the chief financial officer directly owned 231,128 shares of the company’s stock, valued at $3,286,640.16. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Ooma by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after buying an additional 34,960 shares during the period. JPMorgan Chase & Co. boosted its stake in Ooma by 4.0% during the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock worth $6,757,000 after buying an additional 22,125 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ooma by 17.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after purchasing an additional 76,088 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ooma by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 334,910 shares of the technology company’s stock valued at $3,928,000 after purchasing an additional 17,184 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Ooma by 81.6% during the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock valued at $4,144,000 after purchasing an additional 142,220 shares during the period. 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.