Ooma (NYSE:OOMA) Updates FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided 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.

Ooma Stock Performance

Shares of OOMA stock opened at $23.07 on Friday. The company has a market cap of $634.51 million, a price-to-earnings ratio of 60.72 and a beta of 1.19. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $20.33 and a 200-day simple moving average of $17.13. Ooma has a 12-month low of $9.79 and a 12-month high of $26.19.

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, topping analysts’ consensus estimates of $0.33 by $0.02. Ooma had a return on equity of 23.89% and a net margin of 3.57%.The company had revenue of $83.23 million during the quarter, compared to analysts’ expectations 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. On average, equities analysts forecast that Ooma will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

OOMA has been the subject of a number of analyst reports. Lake Street Capital reissued a “buy” rating and issued a $25.00 price target on shares of Ooma in a report on Thursday. William Blair set a $24.00 price target on Ooma in a research note on Monday, August 17th. Benchmark reaffirmed a “buy” rating on shares of Ooma in a report on Monday, August 17th. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research report on Thursday. Finally, UBS Group reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.00.

Insider Buying and Selling at Ooma

In other Ooma news, Director William D. Pearce sold 3,000 shares of Ooma stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $17.98, for a total value of $53,940.00. Following the completion of the transaction, the director owned 181,652 shares in the company, valued at approximately $3,266,102.96. The trade was a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jenny C. Yeh sold 1,757 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $22.00, for a total transaction of $38,654.00. Following the sale, the senior vice president directly owned 258,615 shares in the company, valued at approximately $5,689,530. This represents a 0.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 118,652 shares of company stock worth $2,225,186 over the last 90 days. Company insiders own 9.90% of the company’s stock.

Institutional Trading of Ooma

A number of institutional investors have recently made changes to their positions in the business. IFC & Insurance Marketing Inc. acquired a new position in shares of Ooma during the 4th quarter worth about $34,000. Tower Research Capital LLC TRC lifted its holdings in Ooma by 225.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,507 shares during the last quarter. Royal Bank of Canada raised its position in shares of Ooma by 24.1% in the fourth quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after purchasing an additional 867 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Ooma during the fourth quarter worth approximately $59,000. Finally, Lazard Asset Management LLC boosted its position in shares of Ooma by 503.1% in the second quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock valued at $63,000 after acquiring an additional 4,110 shares during the period. 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.