Q3 Earnings Estimate for Ooma Issued By Lake Street Capital

Ooma, Inc. (NYSE:OOMA) – Analysts at Lake Street Capital upped their Q3 2027 EPS estimates for shares of Ooma in a research note issued to investors on Thursday, August 27th. Lake Street Capital analyst E. Martinuzzi now anticipates that the technology company will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.20. Lake Street Capital has a “Buy” rating and a $25.00 price target on the stock. The consensus estimate for Ooma’s current full-year earnings is $0.86 per share. Lake Street Capital also issued estimates for Ooma’s Q4 2027 earnings at $0.19 EPS, FY2027 earnings at $0.86 EPS, Q1 2028 earnings at $0.22 EPS, Q3 2028 earnings at $0.21 EPS, Q4 2028 earnings at $0.24 EPS and FY2028 earnings at $0.86 EPS.

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

Ooma Stock Up 2.9%

NYSE:OOMA opened at $22.51 on Thursday. The firm has a market cap of $619.00 million, a P/E ratio of 59.24 and a beta of 1.20. 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 firm has a 50-day simple moving average of $20.71 and a two-hundred day simple moving average of $17.43. Ooma has a fifty-two week low of $9.79 and a fifty-two week high of $26.19.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Ooma had a return on equity of 23.89% and a net margin of 3.57%.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.

Insider Activity

In other news, SVP Jenny C. Yeh sold 20,966 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $24.05, for a total transaction of $504,232.30. Following the sale, the senior vice president directly owned 237,649 shares in the company, valued at $5,715,458.45. This trade represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Russell Mann sold 20,000 shares of Ooma 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 SEC filing for this sale provides additional information. Insiders have sold 111,922 shares of company stock valued at $2,240,861 over the last 90 days. Company insiders own 9.90% of the company’s stock.

Institutional Trading of Ooma

Several institutional investors have recently made changes to their positions in the business. IFC & Insurance Marketing Inc. bought a new position in Ooma in the 4th quarter worth approximately $34,000. Tower Research Capital LLC TRC lifted 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 worth $47,000 after buying an additional 2,507 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Ooma by 28.3% during the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after acquiring an additional 740 shares during the last quarter. Legal & General Group Plc bought a new stake in Ooma in the 2nd quarter valued at $50,000. Finally, CWM LLC lifted its stake in Ooma by 45.6% in the 4th quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,378 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

More Ooma News

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.