Ooma, Inc. (NYSE:OOMA) Stock Has Average Target Price of $25.00 According to Analysts

Shares of Ooma, Inc. (NYSE:OOMA) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.00.

A number of research firms recently issued reports on OOMA. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Benchmark reissued a “buy” rating on shares of Ooma in a research report on Monday, August 17th. B. Riley Financial upped their price target on Ooma from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Freedom Broker boosted their price target on shares of Ooma from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Finally, Citigroup reiterated a “market perform” rating on shares of Ooma in a research report on Monday, September 28th.

Ooma Stock Performance

Ooma stock opened at $19.82 on Friday. Ooma has a 12 month low of $9.79 and a 12 month high of $26.19. The company has a market cap of $546.98 million, a price-to-earnings ratio of 52.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. The stock’s 50-day moving average is $21.36 and its 200-day moving average is $19.47.

Ooma (NYSE:OOMA) last issued its quarterly earnings data 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 net margin of 3.57% and a return on equity of 23.55%. The firm had revenue of $83.23 million for the quarter, compared to analyst estimates 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. Equities analysts anticipate that Ooma will post 0.87 earnings per share for the current year.

Insider Activity at Ooma

In other news, CAO Namrata Sabharwal sold 2,481 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $23.20, for a total value of $57,559.20. Following the completion of the transaction, the chief accounting officer owned 83,927 shares of the company’s stock, valued at approximately $1,947,106.40. This represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Butenhoff sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $22.02, for a total value of $198,180.00. Following the completion of the transaction, the director directly owned 109,483 shares in the company, valued at $2,410,815.66. This represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 86,861 shares of company stock worth $2,005,037 over the last ninety days. Company insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Ooma

A number of hedge funds and other institutional investors have recently bought and sold shares of OOMA. Essential Partners LLC lifted its position in Ooma by 8.3% during the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock valued at $119,000 after purchasing an additional 626 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 740 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Ooma in the 3rd quarter worth about $26,000. USA Financial Formulas bought a new stake in shares of Ooma in the third quarter valued at about $48,000. Finally, Legal & General Group Plc bought a new position in shares of Ooma in the 2nd quarter worth $50,000. Institutional investors own 80.42% of the company’s stock.

Ooma Company Profile

Ooma, Inc provides cloud-based communications and connected services for small and mid-sized businesses, enterprises and residential customers. Its business offerings are designed to support voice communications, collaboration and business continuity through internet-based platforms rather than traditional telephone systems.

The company’s product portfolio includes Ooma Office, a cloud-based business phone system; Ooma Office Pro, which adds enhanced communications and collaboration features; and Ooma AirDial, a cloud-based replacement for traditional analog telephone lines.