Equities Analysts Set Expectations for Ooma Q3 Earnings

Key Points

• B. Riley has raised its Q3 2026 EPS estimate for Ooma to $0.09, an increase from a previous estimate of $0.06.
• The stock has received a "Moderate Buy" rating from analysts, with a current average target price of $17.63.
• Insider selling activity has been noted, with the CEO and CFO both reducing their stakes slightly earlier this summer.

Ooma, Inc. (NYSE:OOMA - Free Report) - Equities research analysts at B. Riley boosted their Q3 2026 EPS estimates for Ooma in a note issued to investors on Wednesday, August 27th. B. Riley analyst J. Nichols now expects that the technology company will post earnings of $0.09 per share for the quarter, up from their prior estimate of $0.06. The consensus estimate for Ooma's current full-year earnings is ($0.06) per share. B. Riley also issued estimates for Ooma's Q4 2026 earnings at $0.10 EPS, FY2026 earnings at $0.34 EPS and FY2027 earnings at $0.42 EPS.

A number of other research firms also recently issued reports on OOMA. Benchmark restated a "buy" rating and issued a $20.00 target price on shares of Ooma in a report on Monday, August 25th. JMP Securities restated a "market perform" rating on shares of Ooma in a report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $17.63.

Ooma Stock Performance

Ooma stock traded up $0.03 during trading on Monday, reaching $12.93. The company had a trading volume of 100,200 shares, compared to its average volume of 143,221. Ooma has a 12-month low of $10.23 and a 12-month high of $17.00. The stock's 50 day moving average price is $12.13 and its two-hundred day moving average price is $12.78. The firm has a market capitalization of $356.87 million, a price-to-earnings ratio of -184.69 and a beta of 1.30.

Institutional Investors Weigh In On Ooma

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC increased its holdings in Ooma by 67.0% during the 2nd quarter. Squarepoint Ops LLC now owns 73,564 shares of the technology company's stock worth $949,000 after purchasing an additional 29,507 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Ooma by 225.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company's stock worth $47,000 after purchasing an additional 2,507 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Ooma by 503.1% during the 2nd quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company's stock worth $63,000 after purchasing an additional 4,110 shares during the last quarter. Engineers Gate Manager LP increased its holdings in Ooma by 10.5% during the 2nd quarter. Engineers Gate Manager LP now owns 39,618 shares of the technology company's stock worth $511,000 after purchasing an additional 3,772 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Ooma by 9.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 61,350 shares of the technology company's stock worth $791,000 after buying an additional 5,540 shares during the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ooma news, CAO Namrata Sabharwal sold 9,491 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $12.66, for a total value of $120,156.06. Following the completion of the transaction, the chief accounting officer owned 65,935 shares in the company, valued at $834,737.10. This represents a 12.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew H. Galligan sold 12,407 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $12.43, for a total value of $154,219.01. Following the completion of the transaction, the director owned 241,081 shares of the company's stock, valued at approximately $2,996,636.83. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,329 shares of company stock worth $556,082 in the last 90 days. 9.90% of the stock is owned by 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.