Ooma (NYSE:OOMA) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Ooma (NYSE:OOMA) issued its quarterly earnings data on Wednesday. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02, FiscalAI reports. Ooma had a return on equity of 20.21% and a net margin of 3.17%.The company had revenue of $83.23 million for the quarter, compared to the consensus estimate of $81.72 million. Ooma updated its FY 2027 guidance to 1.350-1.380 EPS and its Q3 2027 guidance to 0.340-0.350 EPS.

Ooma Trading Down 0.3%

Shares of Ooma stock traded down $0.06 during trading on Wednesday, reaching $20.53. The company’s stock had a trading volume of 350,915 shares, compared to its average volume of 292,929. Ooma has a 52-week low of $9.79 and a 52-week high of $22.72. The company has a market cap of $564.58 million, a price-to-earnings ratio of 64.16 and a beta of 1.19. The firm’s 50-day moving average is $20.14 and its two-hundred day moving average is $16.99. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 0.50.

Insider Buying and Selling

In other news, Director Russell Mann sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $18.35, for a total transaction of $367,000.00. Following the transaction, the director directly owned 116,115 shares of the company’s stock, valued at approximately $2,130,710.25. This trade represents a 14.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William D. Pearce sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total value of $53,940.00. Following the completion of the sale, the director directly owned 181,652 shares of the company’s stock, valued at approximately $3,266,102.96. This trade represents a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 118,652 shares of company stock worth $2,225,186 over the last 90 days. Insiders own 9.90% of the company’s stock.

Institutional Trading of Ooma

Several hedge funds and other institutional investors have recently bought and sold shares of OOMA. IFC & Insurance Marketing Inc. purchased a new stake in shares of Ooma during the fourth quarter valued at approximately $34,000. Tower Research Capital LLC TRC raised its stake in shares of Ooma by 225.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after acquiring an additional 2,507 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Ooma by 24.1% during the fourth 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 period. Lazard Asset Management LLC grew its stake in shares of 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 purchasing an additional 4,110 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Ooma in the fourth quarter worth about $59,000. Institutional investors own 80.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OOMA. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a report on Monday, May 18th. Benchmark reissued a “buy” rating on shares of Ooma in a research note on Monday, August 17th. Lake Street Capital lifted their price target on Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. UBS Group set a $24.00 price objective on Ooma in a report on Wednesday, May 27th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.67.

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.