Ooma (NYSE:OOMA) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Ooma (NYSE:OOMA) released its quarterly earnings data on Tuesday. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 Stock Up 1.1%

OOMA traded up $0.21 on Tuesday, hitting $19.33. The company had a trading volume of 373,740 shares, compared to its average volume of 237,405. The stock has a fifty day moving average price of $16.02 and a 200-day moving average price of $13.29. Ooma has a 12-month low of $9.79 and a 12-month high of $19.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93. The stock has a market capitalization of $531.77 million, a price-to-earnings ratio of 87.87 and a beta of 1.20.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Benchmark reiterated 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 note on Monday, May 18th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Insider Buying and Selling at Ooma

In other news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80. Following the sale, the chief financial officer owned 231,128 shares in the company, valued at approximately $3,286,640.16. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Ooma

A number of large investors have recently modified their holdings of OOMA. IFC & Insurance Marketing Inc. purchased a new stake in shares of Ooma during the fourth quarter worth about $34,000. Tower Research Capital LLC TRC grew its stake in shares of Ooma by 225.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after acquiring an additional 2,507 shares during the last quarter. Royal Bank of Canada grew 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 worth $53,000 after acquiring an additional 867 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Ooma during the fourth quarter worth about $59,000. Finally, Lazard Asset Management LLC grew its stake in shares of Ooma by 503.1% during the second quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock worth $63,000 after acquiring an additional 4,110 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

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.