Ooma (NYSE:OOMA) Releases FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.350-1.380 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of $332.0 million-$333.5 million, compared to the consensus revenue estimate of $327.3 million. Ooma also updated its Q3 2027 guidance to 0.340-0.350 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research report on Wednesday, May 27th. UBS Group set a $24.00 price objective on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a report on Monday, May 18th. Finally, Lake Street Capital lifted their price target on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Ooma Stock Performance

Shares of NYSE:OOMA traded down $0.06 on Wednesday, hitting $20.53. 354,866 shares of the company were exchanged, compared to its average volume of 292,958. The firm has a market capitalization of $564.58 million, a P/E ratio of 64.16 and a beta of 1.19. The stock’s 50 day moving average price is $20.14 and its 200 day moving average price is $16.99. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Ooma has a 1-year low of $9.79 and a 1-year high of $22.72.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $81.15 million for the quarter, compared to analyst estimates of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%. Sell-side analysts predict that Ooma will post 0.8 EPS for the current year.

Insider Buying and Selling

In other Ooma news, CFO Shigeyuki Hamamatsu sold 27,696 shares of Ooma stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $17.64, for a total value of $488,557.44. Following the transaction, the chief financial officer owned 193,283 shares in the company, valued at $3,409,512.12. This trade represents a 12.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric B. Stang sold 23,212 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $20.00, for a total value of $464,240.00. Following the completion of the sale, the chief executive officer owned 795,506 shares of the company’s stock, valued at approximately $15,910,120. This trade represents a 2.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 118,652 shares of company stock valued at $2,225,186 in the last 90 days. Company insiders own 9.90% of the company’s stock.

Hedge Funds Weigh In On Ooma

A number of institutional investors have recently bought and sold shares of OOMA. Vanguard Group Inc. increased its stake in shares of Ooma by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after acquiring an additional 34,960 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ooma by 4.0% in the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after acquiring an additional 22,125 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Ooma by 17.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock worth $6,161,000 after buying an additional 76,088 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ooma by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 334,910 shares of the technology company’s stock worth $3,928,000 after acquiring an additional 17,184 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Ooma by 81.6% in the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock valued at $4,144,000 after acquiring an additional 142,220 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

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.