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 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03, FiscalAI reports. The firm had revenue of $81.15 million during the quarter, compared to the consensus estimate of $79.84 million. Ooma had a return on equity of 15.60% and a net margin of 2.36%. 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%

Shares of NYSE:OOMA traded up $0.21 on Tuesday, hitting $19.33. 373,740 shares of the company’s stock were exchanged, compared to its average volume of 237,405. Ooma has a 12 month low of $9.79 and a 12 month high of $19.60. The stock has a market capitalization of $531.77 million, a price-to-earnings ratio of 87.87 and a beta of 1.20. The business’s 50 day simple moving average is $16.02 and its two-hundred day simple moving average is $13.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70.

Insider Buying and Selling at Ooma

In other news, CFO Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock in a transaction on Friday, March 6th. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80. Following the completion of the sale, the chief financial officer directly owned 231,128 shares in the company, valued at approximately $3,286,640.16. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.90% of the company’s stock.

Institutional Trading of Ooma

Institutional investors and hedge funds have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. bought a new stake in shares of Ooma in the fourth quarter valued at about $34,000. Tower Research Capital LLC TRC raised its holdings in shares of Ooma by 225.2% in 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 in the last quarter. Royal Bank of Canada raised its holdings in shares of Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after acquiring an additional 867 shares in the last quarter. Lazard Asset Management LLC raised its holdings 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 valued at $63,000 after acquiring an additional 4,110 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Ooma in the fourth quarter valued at about $59,000. 80.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. B. Riley Financial reiterated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Ooma currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

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.