Analysts Set Ooma, Inc. (NYSE:OOMA) PT at $25.00

Ooma, Inc. (NYSE:OOMA) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $25.00.

A number of analysts have recently issued reports on OOMA shares. Benchmark reissued a “buy” rating on shares of Ooma in a research note on Monday, August 17th. Citigroup restated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial increased their price target on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. UBS Group reissued a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Finally, Lake Street Capital restated a “buy” rating and issued a $25.00 price objective on shares of Ooma in a research report on Thursday, August 27th.

Insider Activity at Ooma

In related news, SVP Jenny C. Yeh sold 1,429 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $23.00, for a total value of $32,867.00. Following the sale, the senior vice president directly owned 229,859 shares in the company, valued at approximately $5,286,757. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shigeyuki Hamamatsu sold 4,807 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $22.33, for a total transaction of $107,340.31. Following the transaction, the chief financial officer owned 179,420 shares of the company’s stock, valued at $4,006,448.60. This trade represents a 2.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 116,384 shares of company stock valued at $2,355,326. Corporate insiders own 9.90% of the company’s stock.

Institutional Trading of Ooma

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Ooma in the 2nd quarter valued at approximately $69,001,000. Vanguard Group Inc. raised its holdings in Ooma by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock valued at $18,009,000 after buying an additional 34,960 shares during the period. Renaissance Technologies LLC lifted its position in Ooma by 12.2% in the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock worth $13,273,000 after buying an additional 99,100 shares during the last quarter. 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. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Ooma by 17.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock worth $6,161,000 after buying an additional 76,088 shares during the period. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Ooma Stock Down 0.7%

NYSE OOMA opened at $22.68 on Friday. Ooma has a 52 week low of $9.79 and a 52 week high of $26.19. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $625.91 million, a P/E ratio of 59.68 and a beta of 1.20. The stock’s 50-day moving average price is $21.20 and its 200-day moving average price is $17.92.

Ooma (NYSE:OOMA) last announced its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The company had revenue of $83.23 million during the quarter, compared to the consensus estimate of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, equities research analysts predict that Ooma will post 0.87 earnings per share for the current year.

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.