Key Points
- Ooma CFO Shigeyuki Hamamatsu sold 4,807 shares at an average price of $22.33, generating approximately $107,340. He retained 179,420 shares, so the sale reduced his ownership by 2.61%.
- Ooma reported quarterly EPS of $0.35, beating the $0.33 consensus estimate, while revenue reached $83.23 million versus expectations of $81.72 million. The company also issued fiscal 2027 EPS guidance of $1.35–$1.38.
- Analysts remain broadly positive, with five Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $25.00. Institutional investors own approximately 80.42% of Ooma’s shares.
Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP Jenny Yeh sold 1,226 shares of Ooma stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $23.00, for a total transaction of $28,198.00. Following the sale, the senior vice president owned 232,601 shares of the company's stock, valued at approximately $5,349,823. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ooma Price Performance
Shares of NYSE:OOMA opened at $23.30 on Friday. The company's fifty day moving average price is $20.82 and its 200-day moving average price is $17.52. The firm has a market capitalization of $640.75 million, a price-to-earnings ratio of 61.32 and a beta of 1.20. Ooma, Inc. has a one year low of $9.79 and a one year high of $26.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.69.
Ooma (NYSE:OOMA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.89%. The firm had revenue of $83.23 million for the quarter, compared to analysts' expectations 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 anticipate that Ooma, Inc. will post 0.87 earnings per share for the current fiscal year.
Ooma News Roundup
Here are the key news stories impacting Ooma this week:
- Positive Sentiment: Ooma’s fiscal second-quarter results highlighted accelerating growth: revenue rose 25% year over year to $83.2 million, business subscription and services revenue increased 38%, and adjusted EBITDA climbed 74% to $12.4 million. EPS of $0.35 also exceeded the $0.33 consensus estimate. The growth is being helped by the ongoing retirement of copper phone networks, which is driving demand for Ooma’s communications products. Ooma Rides A Phone Line Extinction Into Faster Growth
- Positive Sentiment: Analyst revisions were broadly constructive after the earnings report. Lake Street Capital raised its fiscal 2027 EPS forecast to $0.86 from $0.79 and maintained a Buy rating with a $25 price target. Benchmark lifted its fiscal 2027 estimate to $0.89 and fiscal 2028 estimate to $1.03, while Citizens JMP raised several quarterly and annual estimates, including fiscal 2028 EPS to $0.96. These changes reinforce expectations for continued earnings growth. Ooma Analyst Estimate Revisions
- Neutral Sentiment: Ooma will participate in the virtual NYSE Investor Access Technology Day on September 23, with meetings hosted by CEO Eric Stang, CFO Shig Hamamatsu and SVP Chris Burgy. The event could provide additional details on growth initiatives, but it is not an immediate financial catalyst. Ooma NYSE Investor Access Technology Day
- Neutral Sentiment: Industry commentary on artificial intelligence capabilities in VoIP and unified communications produced mixed ratings, leaving the competitive impact on Ooma unclear. AI Capabilities in VoIP and UC Offerings
- Negative Sentiment: CFO Shigeyuki Hamamatsu and SVP Jenny Yeh sold shares worth approximately $107,000 and $28,000, respectively. Both retained substantial holdings, making the sales relatively small, but insider selling can weigh modestly on sentiment.
Institutional Investors Weigh In On Ooma
A number of hedge funds and other institutional investors have recently modified their holdings of OOMA. Essential Partners LLC grew its position in 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 during the last quarter. Meeder Asset Management Inc. lifted its position in Ooma by 28.3% in the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company's stock valued at $49,000 after purchasing an additional 740 shares during the last quarter. Royal Bank of Canada boosted its stake 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 valued at $53,000 after purchasing an additional 867 shares during the period. Man Group plc boosted its stake in shares of Ooma by 5.1% during the fourth quarter. Man Group plc now owns 18,073 shares of the technology company's stock valued at $212,000 after purchasing an additional 880 shares during the period. Finally, GSA Capital Partners LLP grew its holdings 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 worth $1,308,000 after purchasing an additional 1,067 shares during the last quarter. Institutional investors own 80.42% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. B. Riley Financial boosted their target price on Ooma from $24.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. UBS Group reiterated a "buy" rating on shares of Ooma in a research report on Thursday, August 27th. William Blair set a $24.00 price target on shares of Ooma in a research note on Monday, August 17th. Benchmark restated a "buy" rating on shares of Ooma in a report on Monday, August 17th. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Ooma in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.00.
View Our Latest Research Report on OOMA
About Ooma
(
Get Free Report)
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.
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