Ooma Inc. (NYSE:OOMA) is scheduled to announce its Q317 earnings results on Tuesday, November 29th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $27.00 million for the quarter.
Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, August 30th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm earned $25.50 million during the quarter, compared to the consensus estimate of $25.21 million. Ooma had a negative return on equity of 32.89% and a negative net margin of 14.33%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, analysts expect Ooma to post $-0.22 EPS for the current fiscal year and $0.10 EPS for the next fiscal year.
Ooma Inc. (NYSE:OOMA) opened at 8.95 on Friday. Ooma Inc. has a 52-week low of $5.43 and a 52-week high of $9.92. The company’s market capitalization is $155.76 million. The stock’s 50 day moving average price is $8.81 and its 200-day moving average price is $8.36.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Ooma from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. B. Riley assumed coverage on Ooma in a research report on Tuesday, October 25th. They set a “buy” rating and a $15.50 price target for the company. JMP Securities lifted their price target on Ooma from $12.00 to $14.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “buy” rating on shares of Ooma in a research report on Wednesday, August 31st. Finally, Bank of America Corp. reiterated a “buy” rating and set a $12.00 price target on shares of Ooma in a research report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $12.71.
In other news, Director Russell Mann sold 27,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $8.80, for a total value of $237,600.00. Following the completion of the sale, the director now directly owns 55,974 shares in the company, valued at $492,571.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James A. Gustke sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $8.97, for a total value of $53,820.00. Following the completion of the sale, the vice president now owns 194,327 shares of the company’s stock, valued at $1,743,113.19. The disclosure for this sale can be found here. 48.19% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of OOMA. Credit Suisse AG raised its stake in shares of Ooma by 1.0% in the third quarter. Credit Suisse AG now owns 111,997 shares of the company’s stock worth $1,017,000 after buying an additional 1,146 shares in the last quarter. Morgan Stanley raised its stake in shares of Ooma by 14.2% in the third quarter. Morgan Stanley now owns 15,967 shares of the company’s stock worth $145,000 after buying an additional 1,991 shares in the last quarter. Emerald Acquisition Ltd. raised its stake in shares of Ooma by 30.3% in the third quarter. Emerald Acquisition Ltd. now owns 123,942 shares of the company’s stock worth $1,126,000 after buying an additional 28,832 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Ooma by 25.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 73,809 shares of the company’s stock worth $670,000 after buying an additional 15,086 shares in the last quarter. Finally, BlackRock Group LTD purchased a new stake in shares of Ooma during the third quarter worth about $129,000. 24.57% of the stock is currently owned by hedge funds and other institutional investors.
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.
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