Ooma, Inc. (NYSE:OOMA) Receives Average Recommendation of “Buy” from Analysts

Ooma, Inc. (NYSE:OOMA) has earned an average recommendation of “Buy” from the four analysts that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $14.50.

Separately, Lake Street Capital assumed coverage on Ooma in a research report on Monday, June 17th. They set a “buy” rating and a $14.00 price objective on the stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Covestor Ltd raised its holdings in Ooma by 52.7% during the 1st quarter. Covestor Ltd now owns 6,197 shares of the technology company’s stock worth $53,000 after purchasing an additional 2,138 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Ooma by 84.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,191 shares of the technology company’s stock worth $56,000 after buying an additional 2,384 shares during the period. State Board of Administration of Florida Retirement System bought a new position in Ooma during the first quarter worth $130,000. Pitcairn Co. lifted its holdings in Ooma by 30.5% in the first quarter. Pitcairn Co. now owns 27,122 shares of the technology company’s stock valued at $231,000 after buying an additional 6,336 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Ooma by 31.8% during the first quarter. BNP Paribas Financial Markets now owns 56,196 shares of the technology company’s stock valued at $479,000 after acquiring an additional 13,543 shares during the last quarter. 80.42% of the stock is owned by institutional investors.

Ooma Stock Performance

OOMA opened at $9.86 on Friday. The business’s fifty day moving average is $8.43 and its 200-day moving average is $9.04. The firm has a market cap of $260.30 million, a P/E ratio of -98.60 and a beta of 0.93. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 1.16. Ooma has a 52-week low of $6.50 and a 52-week high of $15.43.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, May 28th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.14). Ooma had a negative return on equity of 1.41% and a negative net margin of 1.09%. The business had revenue of $62.50 million for the quarter, compared to the consensus estimate of $61.85 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. Sell-side analysts expect that Ooma will post -0.11 EPS for the current fiscal year.

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.