Ooma (NYSE:OOMA) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.07)-($0.05) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.04). The company issued revenue guidance of $35.5-$36.0 million, compared to the consensus revenue estimate of $34.60 million.Ooma also updated its FY 2020 guidance to $-0.24–0.19 EPS.
Shares of NYSE:OOMA opened at $11.92 on Thursday. Ooma has a 1 year low of $11.28 and a 1 year high of $17.50. The company has a market cap of $246.33 million, a price-to-earnings ratio of -17.28 and a beta of 1.02. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.07.
Ooma (NYSE:OOMA) last announced its earnings results on Tuesday, May 21st. The technology company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. Ooma had a negative return on equity of 42.73% and a negative net margin of 11.75%. The business had revenue of $34.01 million during the quarter, compared to analyst estimates of $33.64 million. Analysts anticipate that Ooma will post -0.82 EPS for the current fiscal year.
A number of brokerages recently issued reports on OOMA. B. Riley boosted their price target on Ooma from $20.00 to $20.50 and gave the company a buy rating in a report on Wednesday, March 6th. JMP Securities reiterated a buy rating and issued a $20.00 price target on shares of Ooma in a report on Wednesday, March 6th. ValuEngine lowered Ooma from a strong-buy rating to a buy rating in a report on Friday, March 1st. Northland Securities reiterated a buy rating and issued a $18.00 price target on shares of Ooma in a report on Wednesday, May 22nd. Finally, Zacks Investment Research raised shares of Ooma from a sell rating to a hold rating in a research note on Saturday, April 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Ooma currently has an average rating of Buy and an average target price of $17.70.
In other news, CEO Eric B. Stang sold 12,340 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $13.84, for a total transaction of $170,785.60. Following the transaction, the chief executive officer now directly owns 397,500 shares of the company’s stock, valued at $5,501,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold 13,340 shares of company stock valued at $184,286 in the last three months. 10.19% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Ooma stock. Geode Capital Management LLC lifted its position in Ooma Inc (NYSE:OOMA) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,009 shares of the technology company’s stock after acquiring an additional 12,220 shares during the period. Geode Capital Management LLC owned 1.09% of Ooma worth $3,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 75.98% of the company’s stock.
Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.
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