William Blair Brokers Increase Earnings Estimates for Ooma

Key Points

• William Blair has raised its Q3 2026 earnings per share estimate for Ooma to $0.09, up from $0.06, with a full-year estimate of ($0.06) per share for the current fiscal year.
• Ooma shares opened at $12.95, with a market cap of $357.34 million, and analysts have an average target price of $17.63, indicating potential for growth.
• Insider selling has occurred recently, with CAO Namrata Sabharwal and CFO Shigeyuki Hamamatsu reducing their stakes, highlighting changes in insider ownership trends.

Ooma, Inc. (NYSE:OOMA - Free Report) - Equities research analysts at William Blair increased their Q3 2026 earnings per share estimates for shares of Ooma in a note issued to investors on Wednesday, August 27th. William Blair analyst A. Bhatia now expects that the technology company will earn $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. William Blair also issued estimates for Ooma's Q4 2026 earnings at $0.09 EPS, FY2026 earnings at $0.34 EPS, Q1 2027 earnings at $0.06 EPS, Q3 2027 earnings at $0.05 EPS and FY2027 earnings at $0.21 EPS.

Several other equities research analysts have also commented on OOMA. JMP Securities reissued a "market perform" rating on shares of Ooma in a research note on Wednesday, August 27th. Benchmark reissued a "buy" rating and set a $20.00 price target on shares of Ooma in a research note on Monday, August 25th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Ooma presently has a consensus rating of "Moderate Buy" and an average price target of $17.63.

Ooma Trading Up 0.2%

Shares of NYSE:OOMA traded up $0.03 during trading on Monday, hitting $12.93. 100,200 shares of the stock were exchanged, compared to its average volume of 143,221. The company has a fifty day moving average price of $12.13 and a two-hundred day moving average price of $12.78. The company has a market cap of $356.87 million, a PE ratio of -184.69 and a beta of 1.30. Ooma has a 12-month low of $10.23 and a 12-month high of $17.00.

Insider Buying and Selling

In other Ooma news, CFO Shigeyuki Hamamatsu sold 10,704 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $13.31, for a total transaction of $142,470.24. Following the sale, the chief financial officer owned 207,909 shares in the company, valued at approximately $2,767,268.79. This represents a 4.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric B. Stang sold 10,727 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $12.98, for a total value of $139,236.46. Following the sale, the chief executive officer owned 1,236,997 shares in the company, valued at approximately $16,056,221.06. This trade represents a 0.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,329 shares of company stock worth $556,082 in the last 90 days. Corporate insiders own 9.90% of the company's stock.

Institutional Investors Weigh In On Ooma

A number of large investors have recently bought and sold shares of OOMA. New York State Teachers Retirement System lifted its stake in shares of Ooma by 2,188.0% during the second quarter. New York State Teachers Retirement System now owns 2,288 shares of the technology company's stock valued at $30,000 after buying an additional 2,188 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Ooma by 225.2% during the second 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 during the period. Lazard Asset Management LLC lifted its stake in shares of Ooma by 503.1% during the second quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company's stock valued at $63,000 after buying an additional 4,110 shares during the period. Legal & General Group Plc lifted its stake in shares of Ooma by 203.1% during the second quarter. Legal & General Group Plc now owns 6,226 shares of the technology company's stock valued at $80,000 after buying an additional 4,172 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Ooma during the second quarter valued at approximately $132,000. Institutional investors and hedge funds own 80.42% of the company's stock.

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.