Wall Street brokerages expect that Ooma Inc (NYSE:OOMA) will report earnings per share (EPS) of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ooma’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.04). Ooma reported earnings per share of ($0.02) in the same quarter last year, which indicates a negative year over year growth rate of 150%. The company is expected to announce its next earnings results on Tuesday, May 22nd.
According to Zacks, analysts expect that Ooma will report full-year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.19) to ($0.18). For the next fiscal year, analysts expect that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.10) to $0.02. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ooma.
Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, March 6th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.04. Ooma had a negative net margin of 11.46% and a negative return on equity of 32.84%. The company had revenue of $30.22 million during the quarter, compared to analysts’ expectations of $29.51 million.
OOMA has been the subject of a number of research analyst reports. Bank of America raised shares of Ooma from an “underperform” rating to a “neutral” rating and set a $14.00 target price for the company in a report on Wednesday, March 7th. Zacks Investment Research cut shares of Ooma from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $13.00 target price (up from $12.00) on shares of Ooma in a report on Wednesday, March 7th. ValuEngine cut shares of Ooma from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, B. Riley increased their target price on shares of Ooma from $13.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.
In other news, CEO Eric B. Stang sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $11.59, for a total transaction of $115,900.00. Following the completion of the transaction, the chief executive officer now directly owns 266,500 shares of the company’s stock, valued at approximately $3,088,735. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP James A. Gustke sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $10.48, for a total transaction of $75,456.00. Following the transaction, the vice president now directly owns 158,164 shares of the company’s stock, valued at $1,657,558.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,756 shares of company stock valued at $376,039. Corporate insiders own 11.42% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolverine Trading LLC acquired a new stake in Ooma during the third quarter worth approximately $115,000. Deutsche Bank AG boosted its position in Ooma by 35.7% during the fourth quarter. Deutsche Bank AG now owns 44,790 shares of the technology company’s stock worth $533,000 after acquiring an additional 11,791 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Ooma by 25.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 60,090 shares of the technology company’s stock worth $718,000 after acquiring an additional 12,253 shares during the last quarter. HCSF Management LLC boosted its position in Ooma by 3.0% during the fourth quarter. HCSF Management LLC now owns 627,482 shares of the technology company’s stock worth $7,498,000 after acquiring an additional 18,553 shares during the last quarter. Finally, Algert Global LLC boosted its position in Ooma by 44.1% during the fourth quarter. Algert Global LLC now owns 68,396 shares of the technology company’s stock worth $817,000 after acquiring an additional 20,923 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.
Shares of Ooma stock opened at $11.10 on Tuesday. Ooma has a 12-month low of $7.30 and a 12-month high of $12.75. The stock has a market capitalization of $210.75, a price-to-earnings ratio of -16.09 and a beta of 0.80.
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Ooma Company Profile
Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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