Citizens Jmp Analysts Increase Earnings Estimates for Ooma

Ooma, Inc. (NYSE:OOMA) – Stock analysts at Citizens Jmp raised their Q3 2027 earnings per share (EPS) estimates for shares of Ooma in a note issued to investors on Thursday, August 27th. Citizens Jmp analyst P. Walravens now forecasts that the technology company will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.20. The consensus estimate for Ooma’s current full-year earnings is $0.86 per share. Citizens Jmp also issued estimates for Ooma’s Q4 2027 earnings at $0.18 EPS, FY2027 earnings at $0.83 EPS, Q1 2028 earnings at $0.22 EPS, Q2 2028 earnings at $0.24 EPS, Q3 2028 earnings at $0.24 EPS, Q4 2028 earnings at $0.25 EPS, FY2028 earnings at $0.96 EPS, Q1 2029 earnings at $0.28 EPS, Q2 2029 earnings at $0.31 EPS and FY2029 earnings at $1.20 EPS.

A number of other equities analysts have also recently weighed in on the company. William Blair set a $24.00 price target on Ooma in a research note on Monday, August 17th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a report on Thursday, August 27th. B. Riley Financial lifted their price objective on Ooma from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Citigroup restated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Ooma in a research report on Thursday, August 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Ooma Stock Up 2.9%

Shares of OOMA stock opened at $22.51 on Thursday. Ooma has a 1 year low of $9.79 and a 1 year high of $26.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.94. The stock has a market cap of $619.00 million, a PE ratio of 59.24 and a beta of 1.20. The business’s fifty day moving average is $20.71 and its 200-day moving average is $17.43.

Ooma (NYSE:OOMA) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma had a net margin of 3.57% and a return on equity of 23.89%. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS.

Insider Buying and Selling at Ooma

In other news, Director Russell Mann sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total transaction of $367,000.00. Following the transaction, the director owned 116,115 shares in the company, valued at approximately $2,130,710.25. This trade represents a 14.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William D. Pearce sold 3,000 shares of Ooma stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $17.98, for a total transaction 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. The trade was a 1.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 111,922 shares of company stock worth $2,240,861. Company insiders own 9.90% of the company’s stock.

Institutional Trading of Ooma

A number of institutional investors and hedge funds have recently made changes to their positions in OOMA. Essential Partners LLC boosted its stake in shares of Ooma by 8.3% during the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after acquiring an additional 626 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Ooma by 28.3% in 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. Royal Bank of Canada lifted its holdings in Ooma by 24.1% in 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. Man Group plc lifted its holdings in Ooma by 5.1% in the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after purchasing an additional 880 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Ooma by 1.0% in the fourth quarter. GSA Capital Partners LLP now owns 111,522 shares of the technology company’s stock valued at $1,308,000 after purchasing an additional 1,067 shares during the period. Institutional investors and hedge funds own 80.42% of the company’s stock.

Ooma News Summary

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Analysts raised longer-term earnings forecasts. Lake Street Capital increased its FY2027 EPS estimate to $0.86 from $0.79 and its FY2028 estimate to $0.86 from $0.83. Benchmark raised FY2027 EPS to $0.89 from $0.83 and FY2028 EPS to $1.03 from $0.98. Citizens JMP also lifted its FY2027 estimate to $0.83 from $0.77 and FY2028 estimate to $0.96 from $0.90. These revisions suggest improving confidence in Ooma’s earnings growth.
• Positive Sentiment: Quarterly forecast revisions were mostly upward. Analysts raised estimates for several 2027-2029 quarters, including Citizens JMP’s Q4 2027 estimate, which increased to $0.18 from $0.16, and Lake Street’s Q1 2028 estimate, which increased to $0.22 from $0.20.
• Positive Sentiment: Buy ratings and investor engagement provide additional support. Lake Street Capital and Benchmark maintain “Buy” ratings. Lake Street’s $25 price target is above the stock’s recent trading level. Ooma also plans virtual meetings with institutional investors during the NYSE Investor Access Technology Day on September 23. Ooma investor meetings announcement
• Neutral Sentiment: Ooma launched a POTS retirement resource hub to help organizations transition away from legacy copper infrastructure. The initiative may support demand for Ooma’s services, although the immediate financial impact is unclear. Ooma POTS retirement resource hub announcement
• Negative Sentiment: Not all revisions were positive. Citizens JMP trimmed its Q1 2029 EPS estimate to $0.28 from $0.29, reduced Q3 2028 EPS to $0.24 from $0.25, and lowered FY2029 EPS to $1.20 from $1.21. Lake Street also cut its Q4 2027 estimate slightly to $0.19 from $0.20.

About Ooma

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.