Ooma (NYSE:OOMA) Sets New 12-Month High - Here's What Happened

Key Points

• Ooma stock reached a new 52-week high of $18.46 during Tuesday trading, with 109,117 shares changing hands after a prior close of $17.90.
• The company reported quarterly EPS of $0.34, beating the consensus $0.31, and revenue of $74.58M versus $72.55M, while issuing FY2027 EPS guidance of 1.260–1.310 and Q1 2027 guidance of 0.310–0.330.
• Analysts are broadly positive — Benchmark reiterated a Buy, and Ooma's consensus rating is "Moderate Buy" with a $19.00 average price target.

Ooma, Inc. (NYSE:OOMA - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $18.46 and last traded at $18.46, with a volume of 109117 shares changing hands. The stock had previously closed at $17.90.

Analyst Ratings Changes

Separately, Benchmark restated a "buy" rating on shares of Ooma in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Ooma currently has an average rating of "Moderate Buy" and a consensus price target of $19.00.

Ooma Price Performance

The firm has a market capitalization of $511.82 million, a PE ratio of 84.59 and a beta of 1.20. The stock has a 50-day moving average price of $14.25 and a 200 day moving average price of $12.49. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55.

Ooma (NYSE:OOMA - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Ooma had a return on equity of 15.60% and a net margin of 2.36%.The firm had revenue of $74.58 million during the quarter, compared to analysts' expectations of $72.55 million. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. Equities analysts forecast that Ooma, Inc. will post 0.78 EPS for the current fiscal year.

Insider Activity at Ooma

In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80. Following the completion of the sale, the chief financial officer directly owned 231,128 shares in the company, valued at approximately $3,286,640.16. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.90% of the company's stock.

Institutional Trading of Ooma

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of Ooma by 465.3% during the third quarter. Versant Capital Management Inc now owns 2,589 shares of the technology company's stock worth $31,000 after purchasing an additional 2,131 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in Ooma in the 4th quarter valued at $34,000. CWM LLC grew its holdings in Ooma by 50.5% in the 3rd quarter. CWM LLC now owns 3,022 shares of the technology company's stock valued at $36,000 after buying an additional 1,014 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company's stock valued at $47,000 after buying an additional 2,507 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Ooma by 24.1% in the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company's stock valued at $53,000 after buying an additional 867 shares in the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Ooma Company Profile

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.

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