Brokerages forecast that Ooma Inc (NYSE:OOMA) will report ($0.06) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ooma’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.05). Ooma reported earnings of ($0.02) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The business is expected to issue its next earnings report on Thursday, August 23rd.
On average, analysts expect that Ooma will report full year earnings of ($0.19) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to ($0.18). For the next year, analysts expect that the company will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.10) to $0.01. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ooma.
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Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, May 22nd. The technology company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Ooma had a negative return on equity of 33.52% and a negative net margin of 11.45%. The business had revenue of $30.22 million for the quarter, compared to the consensus estimate of $29.71 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis.
A number of research analysts have recently commented on the company. B. Riley increased their price objective on Ooma from $14.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday, May 23rd. ValuEngine upgraded Ooma from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, Zacks Investment Research downgraded Ooma from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ooma currently has a consensus rating of “Buy” and a consensus target price of $14.38.
Shares of Ooma traded down $0.35, reaching $15.20, during mid-day trading on Thursday, according to Marketbeat Ratings. The company’s stock had a trading volume of 93,800 shares, compared to its average volume of 67,429. Ooma has a 12-month low of $7.30 and a 12-month high of $16.45. The company has a market cap of $315.56 million, a P/E ratio of -22.10 and a beta of 0.83.
In other Ooma news, VP Spencer D. Jackson sold 5,000 shares of the stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $13.75, for a total transaction of $68,750.00. Following the completion of the sale, the vice president now directly owns 103,298 shares of the company’s stock, valued at approximately $1,420,347.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Narula sold 4,533 shares of the stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $15.45, for a total value of $70,034.85. Following the sale, the chief financial officer now directly owns 186,334 shares of the company’s stock, valued at $2,878,860.30. The disclosure for this sale can be found here. Insiders have sold a total of 57,543 shares of company stock worth $719,972 in the last 90 days. 10.47% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of OOMA. Schwab Charles Investment Management Inc. lifted its position in Ooma by 29.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 37,100 shares of the technology company’s stock worth $405,000 after acquiring an additional 8,400 shares during the period. American Century Companies Inc. lifted its position in Ooma by 20.9% during the 1st quarter. American Century Companies Inc. now owns 39,009 shares of the technology company’s stock worth $425,000 after acquiring an additional 6,749 shares during the period. Alambic Investment Management L.P. acquired a new stake in Ooma during the 1st quarter worth approximately $523,000. Deutsche Bank AG lifted its position in Ooma by 35.7% during the 4th 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 period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Ooma by 25.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 60,090 shares of the technology company’s stock valued at $718,000 after buying an additional 12,253 shares during the period. 66.86% of the stock is owned by institutional investors.
Ooma Company Profile
Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.
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