Ooma (OOMA) Expected to Announce Earnings on Tuesday

Ooma (NYSE:OOMA) is projected to post 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Ooma Stock Performance

NYSE OOMA opened at $14.85 on Tuesday. The company has a market capitalization of $400.84 million, a price-to-earnings ratio of -40.12 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Ooma has a twelve month low of $6.50 and a twelve month high of $17.00. The stock has a fifty day simple moving average of $14.43 and a 200 day simple moving average of $12.82.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Ooma news, SVP James A. Gustke sold 3,582 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $17.00, for a total value of $60,894.00. Following the completion of the sale, the senior vice president now owns 27,675 shares of the company’s stock, valued at approximately $470,475. This trade represents a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew H. Galligan sold 14,824 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $14.56, for a total value of $215,837.44. Following the transaction, the director now directly owns 241,932 shares in the company, valued at $3,522,529.92. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,457 shares of company stock valued at $2,413,132 over the last ninety days. 9.76% of the stock is owned by corporate insiders.

About Ooma

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.