Research Analysts Offer Predictions for Ooma Q1 Earnings

Ooma, Inc. (NYSE:OOMA) – Research analysts at Alliance Global Partners issued their Q1 2027 earnings per share estimates for shares of Ooma in a note issued to investors on Tuesday, November 25th. Alliance Global Partners analyst B. Kinstlinger forecasts that the technology company will post earnings per share of $0.15 for the quarter. The consensus estimate for Ooma’s current full-year earnings is ($0.06) per share. Alliance Global Partners also issued estimates for Ooma’s Q2 2027 earnings at $0.15 EPS, Q3 2027 earnings at $0.19 EPS and Q4 2027 earnings at $0.19 EPS.

Other equities analysts have also recently issued research reports about the stock. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Ooma in a research note on Monday, August 25th. JMP Securities reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, August 27th. Finally, Lake Street Capital raised their price target on Ooma from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.67.

Ooma Price Performance

Shares of OOMA opened at $11.25 on Wednesday. The firm’s 50 day simple moving average is $11.58 and its 200 day simple moving average is $12.20. The company has a market capitalization of $310.36 million, a P/E ratio of -160.62 and a beta of 1.32. Ooma has a 1-year low of $9.79 and a 1-year high of $17.00.

Institutional Investors Weigh In On Ooma

Several institutional investors have recently added to or reduced their stakes in OOMA. New York State Teachers Retirement System grew its holdings in Ooma by 2,188.0% in the 2nd quarter. New York State Teachers Retirement System now owns 2,288 shares of the technology company’s stock worth $30,000 after acquiring an additional 2,188 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Ooma by 465.3% during the third quarter. Versant Capital Management Inc now owns 2,589 shares of the technology company’s stock worth $31,000 after purchasing an additional 2,131 shares during the period. CWM LLC grew its stake in shares of Ooma by 50.5% in the third quarter. CWM LLC now owns 3,022 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,014 shares during the last quarter. Tower Research Capital LLC TRC grew its stake 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 purchasing an additional 2,507 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Ooma by 503.1% during the 2nd quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock valued at $63,000 after purchasing an additional 4,110 shares during the period. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Insider Activity

In other Ooma news, CEO Eric B. Stang sold 19,265 shares of Ooma stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $12.85, for a total value of $247,555.25. Following the transaction, the chief executive officer directly owned 688,729 shares of the company’s stock, valued at $8,850,167.65. The trade was a 2.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shigeyuki Hamamatsu sold 7,335 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $12.89, for a total value of $94,548.15. Following the completion of the sale, the chief financial officer owned 191,972 shares of the company’s stock, valued at $2,474,519.08. The trade was a 3.68% decrease in their position. The SEC filing for this sale provides additional information. 9.90% of the stock is currently owned by insiders.

About Ooma

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.