Ooma (OOMA) Projected to Post Earnings on Wednesday

Ooma (NYSE:OOMA - Get Free Report) is expected to be releasing its Q1 2026 earnings data after the market closes on Wednesday, May 28th. Analysts expect Ooma to post earnings of $0.18 per share and revenue of $64.82 million for the quarter.

Ooma Trading Up 0.7%

Shares of Ooma stock opened at $13.80 on Wednesday. The stock has a market cap of $380.34 million, a P/E ratio of -37.30 and a beta of 1.21. The stock's 50 day simple moving average is $12.77 and its 200-day simple moving average is $13.77. Ooma has a 1-year low of $7.16 and a 1-year high of $17.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.82.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Benchmark boosted their target price on Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Lake Street Capital decreased their price target on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $17.63.

Institutional Trading of Ooma

A number of large investors have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in Ooma by 81.6% in the first quarter. Millennium Management LLC now owns 316,564 shares of the technology company's stock valued at $4,144,000 after buying an additional 142,220 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Ooma by 4.8% during the first quarter. Goldman Sachs Group Inc. now owns 248,612 shares of the technology company's stock worth $3,254,000 after buying an additional 11,300 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Ooma during the first quarter worth about $478,000. Jane Street Group LLC grew its holdings in shares of Ooma by 162.6% during the first quarter. Jane Street Group LLC now owns 34,227 shares of the technology company's stock worth $448,000 after buying an additional 21,192 shares during the last quarter. Finally, Amundi acquired a new stake in Ooma in the first quarter valued at about $387,000. Hedge funds and other institutional investors own 80.42% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.