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

Shares of Ooma, Inc. (NYSE:OOMA) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to 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.

OOMA has been the topic of a number of analyst reports. Alliance Global Partners reissued a “buy” rating on shares of Ooma in a research report on Thursday, August 27th. William Blair set a $24.00 price objective on Ooma in a research report on Monday, August 17th. Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Monday, August 17th. UBS Group reissued a “buy” rating on shares of Ooma in a report on Thursday, August 27th. Finally, Lake Street Capital reissued a “buy” rating and issued a $25.00 target price on shares of Ooma in a research note on Thursday, August 27th.

Insiders Place Their Bets

In related news, CAO Namrata Sabharwal sold 2,481 shares of the business’s stock in a transaction that occurred on 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 directly owned 83,927 shares in the company, valued at $1,947,106.40. The trade was a 2.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jenny C. Yeh sold 20,966 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $24.05, for a total value of $504,232.30. Following the completion of the transaction, the senior vice president owned 237,649 shares of the company’s stock, valued at $5,715,458.45. This represents a 8.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 112,554 shares of company stock valued at $2,518,971. 9.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OOMA. Essential Partners LLC increased its position in shares of Ooma by 8.3% during the first quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock worth $119,000 after purchasing an additional 626 shares in the last quarter. Meeder Asset Management Inc. boosted its position 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 purchasing an additional 740 shares in the last quarter. Legal & General Group Plc purchased a new position in Ooma during the 2nd quarter worth $50,000. Archer Investment Corp purchased a new position in Ooma during the 1st quarter worth $96,000. Finally, Virtus Advisers LLC acquired a new position in Ooma during the 2nd quarter valued at about $176,000. 80.42% of the stock is owned by institutional investors.

Ooma Stock Up 0.7%

Shares of NYSE:OOMA opened at $20.91 on Tuesday. Ooma has a 52-week low of $9.79 and a 52-week high of $26.19. The firm has a market capitalization of $577.09 million, a P/E ratio of 55.03 and a beta of 1.23. The stock has a 50 day moving average price of $21.76 and a 200-day moving average price of $18.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a return on equity of 23.55% and a net margin of 3.57%.The company 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. As a group, equities research analysts anticipate that Ooma will post 0.87 EPS for the current fiscal year.

Ooma Company Profile

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related services to small and midsize businesses, enterprises, and consumers. Its business offerings are designed to replace or complement traditional business phone systems with internet-based communications delivered through software and connected devices.

Ooma’s business products include Ooma Office, Ooma Pro, and Ooma Enterprise, which provide cloud-based phone systems, business texting, virtual extensions, conferencing, call management, and other unified communications features.