Ooma (OOMA) Expected to Announce Earnings on Tuesday

Ooma (NYSE:OOMA) will likely be posting its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect Ooma to post earnings of $0.16 per share and revenue of $64.70 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Ooma Trading Down 0.1 %

Shares of OOMA stock opened at $14.38 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08. Ooma has a 52-week low of $6.50 and a 52-week high of $17.00. The company has a market capitalization of $388.13 million, a PE ratio of -38.85 and a beta of 0.96. The business’s fifty day moving average is $14.44 and its 200 day moving average is $12.96.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Benchmark increased their price objective on Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. B. Riley increased their target price on Ooma from $14.50 to $15.50 and gave the company a “buy” rating in a research note on Monday, November 25th. Northland Securities increased their target price on Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Lake Street Capital increased their target price on Ooma from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ooma presently has an average rating of “Buy” and a consensus target price of $16.60.

Insider Activity

In other news, Director William D. Pearce sold 3,700 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $15.54, for a total transaction of $57,498.00. Following the transaction, the director now directly owns 163,353 shares of the company’s stock, valued at approximately $2,538,505.62. This trade represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric B. Stang sold 61,580 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $15.10, for a total value of $929,858.00. Following the transaction, the chief executive officer now directly owns 1,245,665 shares in the company, valued at $18,809,541.50. This trade represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,457 shares of company stock valued at $2,413,132. 9.76% of the stock is currently owned by insiders.

Ooma Company Profile

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.